Exclusive: Tesla makes China boss highest-profile executive after Musk
Tesla Inc’s China chief Tom Zhu has been promoted to take direct oversight of the electric carmaker’s U.S. assembly plants as well as sales operations in North America and Europe, according to an internal posting of reporting lines reviewed by Reuters.
Morning Bid: No Messi magic for markets
Soccer fans enjoyed an extraordinary final of the World Cup on Sunday as high emotion and intense drama gave way to Lionel Messi leading Argentina to victory against France in a penalty shootout.
Improbable bets on break of Hong Kong dollar peg adding up
It’s what is known in the markets as a “tail risk”: a highly unlikely scenario in which Hong Kong’s currency peg suddenly snaps. Yet market pricing suggests bets on such a shock are building in the hedge fund world, and some traders say it makes a lot of sense.
FTX collapse being scrutinized by Bahamas authorities
The collapse of cryptocurrency exchange FTX is the subject of scrutiny from government investigators in the Bahamas, who are looking at whether any “criminal misconduct occurred,” the Royal Bahamas Police said on Sunday.
Analysis: Cracks appear in Credit Suisse comeback plans
After months of reflecting, Credit Suisse’s chairman Axel Lehmann revealed an overhaul “to rebuild Credit Suisse as a strong … bank with a firm foundation, rock-solid like our Swiss mountains”. It did not take long for the first cracks to appear.
Kanye West to buy social media app Parler
American rapper Kanye West, who now goes by Ye, has proposed to buy Parler, the social media platform popular among U.S. conservatives, parent Parlement Technologies said on Monday.
Musk sells Tesla shares worth $6.9 billion, cites chance of forced Twitter deal
Tesla Inc (TSLA.O) Chief Executive Officer Elon Musk sold $6.9 billion worth of shares in the electric vehicle maker, saying the funds could be used to finance a potential Twitter deal if he loses a legal battle with the social media platform.
Google yet to sign up to Indonesia’s new licensing rules – ministry
Google was among the last remaining tech platforms yet to comply with Indonesia’s new licensing rules on Wednesday, ministry data showed, as a deadline loomed which may see their services temporarily blocked in the country.
Meta units agree to Indonesia tech licensing rules amid blocking threat
Meta Platforms Inc’s (META.O) Facebook, Instagram and WhatsApp have signed up to Indonesia’s new licensing rules for tech firms, government records showed on Tuesday, a day ahead of a deadline to comply or risk being blocked.
Analysis: Why Elon Musk’s fight with Twitter could draw further SEC scrutiny
Twitter Inc’s (TWTR.N) fight with Elon Musk to enforce his $44 billion deal to buy the social media platform could attract scrutiny from the U.S. securities regulator over whether Musk has misled the market during the course of the deal.
