CNBC World News

Shares of German software company SAP jumped Wednesday after it announced plans to restructure the jobs of 8,000 staff in a push toward artificial intelligence.

The company said it would have seen a significantly better performance without Argentine President Javier Milei's currency devaluation.

The reports come amid devastating Israeli bombardment of Gaza and what has so far been an impasse in talks.

The strike comes just 45 days after the right-wing leader took office, making it the fastest action of its kind into the term of a new Argentina government.

Sony earlier this week called of the transaction with Zee Entertainment, which is reported to be worth $10 billion.

Economists are divided, with some seeing a policy pivot starting in April and rate cuts of 150 basis points this year.

China pledged to reduce the amount of liquidity that its banks are required to hold as reserves early next month in its bid to boost its struggling economy.

Banks should be setting aside this year's bumper profits to provision for clients defaulting on loans, says BaFin President Mark Branson.

Plural, a venture firm set up by the founders of Wise, Skype and Songkick, raised 400 million euros ($436.4 million) for a new fund.

"Iran's three strikes were a three for one," Sanam Vakil, director of the Middle East and North Africa program at Chatham House, told CNBC.

EBay said Tuesday that it plans to lay off 9% of the company's workforce, equating to 1,000 full-time employees

The latest batch of corporate earnings turned out to be mixed bag for Wall Street.

SAP announced a restructuring plan on Tuesday that will affect over 7% of its workforce, but overall headcount should be about the same by year end.

Martin Shkreli served a criminal sentence for securities fraud related to a pharmaceuticals company he founded.

The settlement does not resolve the tens of thousands of lawsuits alleging that J&J's talc-based products caused cancer.

U.S. Treasury yields were slightly higher on Tuesday, as market participants await the release of key economic data points later in the week.

High-end skin-care brand SK-II saw its sales tumble 34% in greater China, owner Procter & Gamble said.

Jack Ma and Joe Tsai have spent hundreds of millions of dollars to acquire Alibaba shares on the open market, signaling confidence in the company's prospects.

US oil production is at a record, and as more crude tankers avoid the Red Sea and Suez Canal, Europe is buying more of it for the diesel market.

Alphabet has ended its contractual work with Appen, the artificial intelligence data firm that helped train Google's chatbot Bard and Google Search results.