World

The Chinese government is unlikely to introduce new regulations for the internet tech sector and there could be more support going forward, according to Jonathan Krane of KraneShares. “I think we’ve seen peak regulation,” he told CNBC’s “Squawk Box Asia” on Wednesday. He said the rules introduced in recent years …

In the past year, movements like “the Great Resignation,” “quiet quitting” and “bai lan” have become hot topics, prompting many employees to reexamine what work means to them. More of such conversations have been taking place on Reddit, according to statistics from the social news aggregator. The top trending keywords …

An aerial of the Strategic Petroleum Reserve storage at the Bryan Mound site seen on October 19, 2022 in Freeport, Texas. The main casualties who will suffer the brunt of high energy prices is neither the United States nor Europe — but emerging and developing nations, said the head of …

Andrew Ross Sorkin speaks with Meta CEO and founder Mark Zuckerberg during the New York Times DealBook Summit in the Appel Room at the Jazz At Lincoln Center on November 30, 2022 in New York City. Michael M. Santiago | Getty Images Apple CEO Tim Cook hasn’t been shy about …

Bret Taylor, co-chief executive officer of Salesforce.com Inc., right, and Marc Benioff, co-chief executive officer of Salesforce.com Inc., wear rabbit ears during a keynote at the 2022 Dreamforce conference in San Francisco, California, on Tuesday, Sept. 20, 2022. Marlena Sloss | Bloomberg | Getty Images Salesforce said Wednesday that Bret …

A charity backed by Sam Bankman-Fried and his failed cryptocurrency exchange, FTX, has sounded alarms to regulators in the United Kingdom that raise questions about the viability of the nonprofits he’s funded. The Charity Commission for England and Wales, a U.K. agency that regulates nonprofits, said one of the charities …

Jesse Powell, CEO of cryptocurrency exchange Kraken, sits for a photograph at the company’s San Francisco office in 2014. David Paul Morris | Bloomberg via Getty Images Kraken, one of the world’s largest crypto exchanges, is laying off about 30% of its headcount, or 1,100 people, “in order to adapt …

Tesla Motors CEO Elon Musk unveils a new all-wheel-drive version of the Model S car in Hawthorne, California October 9, 2014. Lucy Nicholson | Reuters Elon Musk thinks a recession is coming and worries the Federal Reserve’s attempts to bring down inflation could make it worse. In a tweet early …

XPeng has been dealing with rising material costs, which forced the company to hike the price of its cars earlier this year. Chen Yihang | Visual China Group | Getty Images Chinese electric carmaker XPeng posted a wider than expected loss and its revenue fell short of expectations — thanks …

More than $1.3 trillion has been wiped off the cryptocurrency market so far in 2022 as the fallout from the FTX collapse continues to weigh on investor confidence. CFOTO | Future Publishing | Getty Images Bitcoin on Wednesday rose to a two-week high as investors continue to weigh up the …