Billionaire Elon Musk said on Tuesday he will step down as chief executive of Twitter Inc once he finds a replacement, but will still run some key divisions of the social media platform.

Cases were exploding in China well before the government's decision to abandon its strict "zero-COVID" policy, the director said, quashing suggestions that the sudden reversal caused a spike.

Billionaire Elon Musk said on Monday he was working "at the absolute most amount...from morning til night, seven days a week" when asked about his recent acquisition of Twitter and his leadership of automaker Tesla Inc .

Chinese President Xi Jinping on Friday touted the need for greater cooperation between China and Germany amid "times of change and turmoil" in a meeting with Chancellor Olaf Scholz, the first G7 leader to visit China since the pandemic began.

Billionaire Elon Musk said he paid a visit to Twitter Inc's headquarters in San Francisco on Wednesday, ahead of a court-ordered deadline to close his $44 billion deal for the social media platform.

Wall Street is losing patience over Meta boss Mark Zuckerberg's enormous and experimental bets on his metaverse project that helped drive up the company's overall costs by a fifth in the third quarter.

PayPal Holdings Inc said on Monday it will not fine users for misinformation and an earlier policy update that said customers could have to pay $2,500 in damages was sent in error.