CNBC World News

Market participants are "overconfident" about their ability to predict the long-term effects of AI on company performance, according to Morningstar's Mike Coop.

As some business leaders accept hybrid work as a permanent reality, others are backtracking on earlier pledges to let employees work from home.

The U.K. economy recorded surprise growth in the second quarter as household consumption rose.

The car or its computer was suddenly online in a southern region of war-torn Ukraine.

Veteran economist Jim O'Neill says central banks will need to keep interest rates up around 5% across major economies for longer than the market expects, even as inflation subsides.

U.S. moves to ban certain investment in China suggest that Western allies may be learning from national security failings in Russia, according to analysts.

Starling, which is backed by Goldman Sachs, is in talks with an Asian bank about launching its Engine banking-as-a-service platform in the Asia-Pacific market.

In July, the Boston-based firm agreed to acquire 90% of Adani Capital and Adani Housing, buying out all of Indian billionaire Gautam Adani's family's stake in the company.

Huawei on Friday reported 2.2% year-on-year growth in its consumer business revenue for the first half of the year.

The stock reached an intra-day level of 90 Hong Kong cents after the company warned it is expecting a loss of between $6.24 billion to $7.63 billion for the six months ended June.

UBS' takeover of Credit Suisse was brokered in March, amid talks with the Swiss government, the Swiss National Bank and regulator FINMA.

President Biden's executive order regulating U.S. technology investment in China is the first time Washington is imposing restrictions on U.S. capital outflows.

SMIC posted a drop in second-quarter revenue amid ongoing U.S. sanctions and a sluggish recovery in global chip demand.

Chinese e-commerce giant Alibaba's U.S.-traded shares rose by 4.5% in premarket trading after it released results.

The Biden administration's long-awaited executive order on U.S. investments in Chinese companies leaves open plenty of questions on how it will be implemented.

The growth forecast was trimmed to between 0.5% to 1.5%, from an earlier range estimate of 0.5% to 2.5%, the Ministry of Trade and Industry on Friday. 

"This seriously deviates from the market economy and fair competition principles that the U.S. has always advocated," the Chinese Ministry of Commerce said.

The Caribbean island of St. Barts is the world's most expensive place to visit, according to a ranking of average travel costs in 100 popular vacation spots.

President Biden's executive order regulating U.S. technology investment in China is the first time Washington is imposing restrictions on U.S. capital outflows.

Gold prices may set new all-time highs in 2024 on the back of a peak in interest rates, looming recessionary fears and higher consumer demand, analysts say.