Alibaba’s Jack Ma, China’s richest man, to retire from company he co-founded
The New York Times reports that Ma is retiring as China’s business environment has soured, with Beijing and state-owned enterprises increasingly playing more interventionist roles with companies.
Apple v Amazon: Battle of the titans
Apple and Amazon have seen their market value top $1tn, but will their growth continue to accelerate?
Trump warns further China tariffs ‘ready to go’
If both sets of tariffs go ahead virtually all of China’s US exports will be subject to new duties.
Arconic is reportedly in talks to sell itself
Aluminum products maker Arconic Inc is discussing acquisition offers for the entire company, even though it announced a sale process last month only for its building and construction systems unit, people familiar with the matter told Reuters.
Apple says Trump’s China tariffs are going to hurt the company
The latest round of proposed tariffs would affect the Apple Watch, AirPods and Apple Pencil, the company said in a letter to the government.
Tesla’s accountant quit after concluding Musk was ignoring go-private advice
Tesla Chief Accounting Officer Dave Morton was frustrated when Elon Musk and others at the company seemed to ignore his guidance on the proposed take-private deal.
Trump says he’s ready to hit China with another $267 billion in tariffs
The U.S. was already set to slap tariffs on $200 billion in Chinese goods after threatening to raise the ante in an ongoing trade dispute.
The trade war’s impact on China will be insignificant, former central bank governor says
President Donald Trump has said he’s ready to erect tariffs on more than $500 billion worth of Chinese imports to the United States.
Elon Musk may have violated Tesla’s business conduct policy by smoking weed
Elon Musk smoked marijuana on “The Joe Rogan Experience” podcast, which may be in violation of Tesla’s Code of Business Conduct and Ethics. Tesla board members have also in the past raised concerns over Musk’s prescription and recreational drug use.
India may not be able to cut Iranian oil imports, despite U.S. demands
As the world’s third-largest oil importer and the second-largest buyer of Iranian crude after China, complying with U.S. sanctions will require India to find new sources of crude at a higher cost.