Elon Musk, Twitter Inc.’s new owner and until recently the world’s richest person, has spent most of the past two months pouring his time, energy and finances into the highest-profile social network on the internet. But finally, Musk seems to be running out of gas.
The tsunami of Covid-19 that’s taking hold across China is spurring concern that a dangerous new variant could emerge for the first time in more than a year, just as genetic sequencing to catch such a threat is dwindling.
Chinese workers with mild Covid are being told to go back to work in some cities, evidence of a complete reversal in the way the virus is being viewed as officials seek to limit the economic impact of an explosion in cases as the country reopens.
Nippon Steel Corp. offered to pay as much as 136.6 billion yen ($1 billion) to take Nippon Steel Trading private.
Cathie Wood ramped up purchases of Tesla Inc. shares in the fourth quarter even as concerns over Chief Executive Officer Elon Musk’s ability to manage businesses rise, potentially signifying her faith in the billionaire and electric vehicles.
Rakuten Group Inc.’s long-term rating was cut deeper into junk territory by S&P Global Ratings.
Afghanistan’s Taliban-led government barred women from attending universities across the country and enforced the order at gunpoint in some places, disregarding global condemnation and inflicting another blow to half its population’s rights.
Reserve Bank of India Governor Shaktikanta Das warned that failing to regulate cryptocurrencies could ignite the next financial crisis and urged the adoption of a new e-Rupee for digital banking needs.
Elon Musk confirmed he will step down as chief executive officer of Twitter Inc. after finding a successor, though he plans to retain control over the company’s engineering teams.
China will roll out supportive measures for the property market in order to correct past, “mistaken” policies aimed at curbing the sector’s growth, according to the head of a top economic think tank in the country.
