CNBC World News

The wealth of the top 1% increased by $6.5 trillion last year, mainly driven by soaring stock prices and financial markets, according to the Federal Reserve.

European markets closed higher to start the second quarter on Friday, with talks between Russia and Ukraine continuing to guide investor sentiment.

German Chancellor Olaf Scholz and Italian Prime Minister Mario Draghi believe Putin's decree does not apply to them.

Nonfarm payrolls were expected to rise by 490,000 in March, according to Dow Jones estimates.

The cost of living hit another record high in the euro zone, raising further questions about how the ECB can stabilize such rapidly rising consumer prices.

European Central Bank Chief Economist Philip Lane on Friday acknowledged "very high" inflation in the region and said the Frankfurt institution might have to "think again" about its policy stance.

Energy bills in Britain are set to surge from Friday, after the country's energy regulator increased its price cap by a record-breaking 54%.

China has sent another signal of progress toward resolving an audit dispute that's threatened U.S.-listed Chinese companies with delisting.

India is trying to outdo China in its alacrity to provide financial help to Sri Lanka, which is running dangerously low on foreign reserves to service its debt.

Russia wants some form of victory before backing down from the war in Ukraine, and escalation in the war is still possible at this point, political analysts say.

Despite facing wide-reaching sanctions, analysts suggest Abramovich could provide a "bridge" in ongoing Russia-Ukraine peace talks.

Japan's Den rose two spots to clinch the title of Asia's best restaurant in 2022.

Facebook parent Meta has lost some top artificial intelligence scientists in recent weeks as the company continues with its pivot toward the metaverse.

If an economic downturn is around the corner, here are some ways to help protect your savings.

China's economy faces so much new pressure from Covid that Beijing may increase stimulus — boosting overall growth, Citi said Thursday.

China's worst Covid wave in two years has cut into revenue projections for roughly half of American businesses in the country, a survey showed Friday.

European countries could soon be see their energy supplies rationed, analysts have predicted.

The meeting between Joe Biden and Lee Hsien Loong was "important" in showing Russia that sanctions are not just supported by the U.S. or Europe.

While China tries to shake off omicron, the country's zero-Covid policy sets small businesses up for a third year of stop-and-start uncertainty.

The "hacktivist" group known as Anonymous said it has a new target in its "cyber war" against Russia — Western businesses that are still doing business there.