CNBC World News

Sergio Ermotti will replace current CEO Ralph Hamers, who is set to remain at UBS to advise the bank during the transition period, UBS said.

The latest overhaul in Alibaba's business announced overnight could be seen as calls for renewed interest for the $34.5 billion listing of Ant Group.

UBS gets a new Group CEO, and U.S. regulators said they favor more stringent rules on banks. Big changes are coming to banks.

The uncertainty afflicting Israel's political situation extends deep into the business sector.

Japan is home to 17 of the region's "best" 100 restaurants, while Singapore and Thailand tied for second place with 15 restaurants on the list each.

Chinese companies will continue to face scrutiny from the U.S. as geopolitical tensions and competition will not ease soon, said a political analyst.

Alibaba in its announcement to split its company into six business groups is aimed to "unlock shareholder value."

FTX co-founder Sam Bankman-Fried paid over $40 million in bribes to at least one Chinese government official, federal prosecutors alleged in a new indictment.

Lucid CEO Peter Rawlinson said the job cuts will hit "nearly every organization and level, including executives."

Regulators said they favor more stringent rules for banks with more than $100 billion in assets, causing bank stocks to dip.

The run on Silicon Valley Bank's deposits this month went far deeper than was initially known.

Apple on Tuesday introduced Apple Pay Later, which will allow users to split their purchases into four payments spread over six weeks.

The global market for salt was worth over an estimated $13 billion in 2021, according to Research Insights.

Artificial intelligence could automate up to a quarter of work in the U.S., a Goldman Sachs report says. Here's the most affected sectors and countries.

The aim is to show that terrestrial networks can meet the communications needs of future space missions.

Bank of England Governor Andrew Bailey on Tuesday vowed to be "very vigilant" amid ongoing volatility.

Alibaba said Tuesday it will split its company into six business groups, each with the ability to raise outside funding and go public.

The energy transition is off track to prevent the worst impact of the climate emergency, according to the head of the International Renewable Energy Agency.

Elon Musk announced that, going forward, only verified accounts will show up in the "For You" recommendation section of Twitter.

Turkish weapons sales, ramped up to meet surging demand due to the war in Ukraine, are bolstering its influence in Europe, the Middle East and beyond.