CNBC World News

President Joe Biden said he and Russian President Vladimir Putin discussed the fate of U.S. citizens detained in Russia during the leaders' summit in Geneva.

The Fed indicated that rate hikes could come as soon as 2023, after signaling in March that it saw no increases until at least 2024.

The increased costs include a greater-than-expected impact from the parts shortage as well as rising commodity inflation costs of up to $2 billion.

"I look at the tech regulation that's being discussed, I think there are good parts of it. And I think there are parts of it that are not in the best interests of the user," Cook said.

The rise to prominence of so-called "meme stocks" is creating "false markets" that should be actively avoided, according to Man Group CEO Luke Ellis.

The summit took place at Villa La Grange in the capital of Switzerland.

AI researchers at Facebook and Michigan State University say they have developed software that can reveal where so-called deepfakes have come from.

The scrutiny will force the fashion industry, which produces 8% to 10% of global carbon emissions, to improve, Adidas CEO Kasper Rorsted said.

A U.K. study found that many women in the finance sector felt they were held to higher performance standards versus "mediocre" male co-workers. 

Vaccine policy will top all other economic polices this year as the world tries to recover from the coronavirus crisis, the IMF's Kristalina Georgieva said.

The CEO of Swiss pharmaceutical giant Novartis outlined how policymakers and the health industry can improve pandemic preparedness.

The Fed is not expected to take any policy actions after its meeting this week, but it is likely to signal that it is thinking about them.

Nonessential travel from the United States and from other places had been banned in the EU in the wake of the coronavirus pandemic.

The Middle East could be seeing more and more billion-dollar start-ups in the coming months, according to Mudassir Sheikha, CEO of Careem.

Another potentially life-saving treatment for hospitalized Covid-19 patients has been discovered by researchers at the University of Oxford.

Consumer spending has lagged China's economic recovery from the coronavirus pandemic.

Cyberpunk 2077 will be reinstated on Sony's PlayStation Store on June 21, according to a statement from publisher CD Projekt.

Lawrence Wong, Singapore's finance minister, said Asia is facing "rolling waves" of Covid-19 infections and vaccination rates in many countries are not high.

Singapore is investing in renewable energy and decarbonization technologies, and is considering a range of criteria for bonafide green investments.

China is in the process of kicking out all its bitcoin miners, and many of them could be headed to Texas.