CNBC World News

The Bank of England on Thursday hiked interest rates by 25 basis points and upgraded its projections for the U.K. economy.

JD.com CEO Xu Lei will be replaced by Sandy Ran Xu, the current chief financial officer of the Chinese e-commerce giant.

Aircraft are responsible for 2.5% of global CO2 emissions and the problem is growing. Hydrogen could be a solution, drawing interest from Airbus and startups.

Prigozhin's very public criticism of Russia's military leadership this week has made it impossible for the Kremlin to ignore.

The town hall comes one day after a jury found Donald Trump liable for sexual abuse and defamation in a civil case brought by writer E. Jean Carroll.

Disney is also in the process of laying off thousands of employees under CEO Bob Iger's restructuring plan.

Two people were killed in a shooting at the Mercedes-Benz Daimler factory in Sindelfingen, southern Germany on Thursday, local German police said.

Emirates posted a $1.1 billion loss in May 2022, following a $5.5 billion loss in May 2021, as the airline was heavily impacted by the Covid-19 pandemic and soaring fuel prices.

SoftBank's Vision Fund segment posted a 4.3 trillion Japanese yen ($32 billion) loss for its fiscal year ending Mar. 31.

U.S. Treasury Secretary Janet Yellen spoke to reporters ahead of the G-7 finance ministers and central bank governors meetings in Niigata, Japan.

Calls to legalize cannabis are mounting in Europe as more countries seek to replicate progressive moves by Canada and parts of the U.S. to greenlight the drug.

Since the onset of Covid-19, labor shortages have plagued major economies and intensified inflationary pressures, but economists expect this trend to finally abate.

Amazon workers in warehouses in the U.S. and U.K. have pushed to form unions due to complaints over wage rises and working conditions.

Economists surveyed by Reuters expected to see consumer prices rise 0.4% from a year ago and remain unchanged from the previous month.

Trump, the leading Republican presidential candidate, said Republicans should let the U.S. default on its debt if Democrats don't budge on spending cuts.

The automaker is investing heavily in research and development, building new plants and platforms as well as expanding EV lines and production capacity.

Slowing inflation elicited only a muted response from markets, suggesting that investors are preoccupied with other concerns.

The data inside the images won't be a visible watermark, but software such as Google Search will be able to read it.

Now that it's in cost-saving mode, Microsoft is foregoing salary increases this year after giving raises to some employees in 2022 to meet inflation.

Federal investigators contacted Icahn Enterprises last Wednesday seeking information about corporate governance and other materials.