Elon Musk said on Tuesday he will step down as chief executive of Twitter after finding a replacement. This is the first time Musk has mentioned stepping down as chief of the social media platform, after Twitter users voted decisively in a poll for him to step down.

World Business Watch: Elon Musk to step down as Twitter CEO after finding a replacement

Australian Competition and Consumer Commission (ACCC) on Monday began court proceedings against Fitbit LLC, a Google-owned consumer electronics and fitness company for not complying with the country's consumer laws.

Google-owned Fitbit sued by Australian competition regulator for misleading consumers

A new coffee shop will soon be opening its doors in place of Starbucks. A rapid duo will soon open the 'Stars Coffee' shop in the Russian capital, Moscow.

'Stars Coffee' to open outlets in Moscow, hopes to replicate Starbucks' success

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