Chinese vice commerce minister said Monday that Beijing would like the U.S. to cancel "inappropriate" actions against Chinese companies.China Economyread more
Sixteen Asia Pacific countries have been negotiating the Regional Comprehensive Economic Partnership since 2013, with India's reluctance to open up its markets a major...Asia Economyread more
The secretary of State said he was traveling to Saudi Arabia and the United Arab Emirates to make sure that the U.S. is "strategically aligned" with its allies.Politicsread more
Experts say Facebook's cryptocurrency project Libra has been a catalyst for the price of bitcoin going higher.Technologyread more
Goldman Sachs helped state firm 1MDB to raise $6.5 billion in 2012 and 2013, and collected higher-than-typical fees of $600 million for the deals.Financeread more
Value investing has become increasingly irrelevant thanks to central banks and technology, according to AB Bernstein.Investingread more
Indonesian Trade Minister Enggartiasto Lukita said all 16 countries negotiating a mega Asia-Pacific trade agreement should remain in the framework.World Economyread more
Stocks in Asia Pacific traded mixed on Monday afternoon, while oil prices continued to rise as tensions between the U.S. and Iran lingered after the latter shot down an...Asia Marketsread more
His comments come after a series of rapid escalations between Washington and Tehran.World Politicsread more
The U.S. is provoking Iran and growing risks of miscalculation could lead to a "world war," according to Malaysia's Prime Minister Mahathir Mohamad.World Politicsread more
Trump's comments come after he called off strikes against the Islamic Republic this week over concerns that a military response would kill scores of people.Politicsread more
"I would back and invest again and again in Mark Zuckerberg," Jim Breyer, founder and CEO of global venture capital firm Breyer Capital, said in an interview with CNBC's Deirdre Bosa. "I believe he should be the chairman and CEO but the company, to its own admission, has deeply mishandled the past 12 months."
Facebook has seen its shares fall 26.24 percent during the past year amid scrutiny over its Cambridge Analytica scandal and disclosures of data breaches and Russian trolls, causing some to question whether Zuckerberg should step down from his role.
A Wall Street Journal report published Nov. 19 said Zuckerberg had blamed Chief Operating Officer Sheryl Sandberg and her teams for many of Facebook's problem. But a day later, Zuckerberg told CNN he would not step down and praised Sandberg.
Breyer, who served on Facebook's board from 2005 to 2013 after leading the company's Series A funding round, said Zuckerberg is "ultimately responsible" for Facebook's controversies. But he added that Zuckerberg and Sandberg are the "best team" in Silicon Valley and should continue to lead Facebook.
"Leaders often mishandle certain situations," said Breyer, whose worth an estimated $2.7 billion, according to Forbes.
Breyer, speaking from the East West Tech conference in the Nansha district of Guangzhou, China, said he first met Zuckerberg about 14 years ago, when the Facebook founder was 20 years old. Breyer currently serves on the board of directors of Blackstone and 21st Century Fox.