CNBC World News

Shares in the Asia-Pacific region were mostly higher on Thursday following the U.S. Federal Reserve's decision to raise rates by 75 basis points.

Barclays took charges of £1.9 billion for the first half, including £1.3 billion related to its trading blunder in the U.S.

European markets are set for a higher open on Thursday as global stocks take heart from slightly less hawkish messaging from the U.S. Federal Reserve.

Self-driving tech start-up Pony.ai announced plans to mass produce autonomous driving trucks in China with equipment manufacturing giant Sany Heavy Industry.

Srinivasan said countries at risk include Laos, Mongolia, Maldives and Papua New Guinea, noting Sri Lanka has already defaulted on its debt repayments.

With food prices so high, consumers are starting to shut their wallets and a cooling in prices have ensured.

Singapore's sovereign wealth fund GIC reported stable returns for the year but warned of uncertainties amid inflation worries, pandemic risks and geopolitical challenges.

The Biden administration is seeking the release of WNBA star Brittney Griner and ex-Marine Paul Whelan.

Men who have sex with men are the group at the highest risk of infection right now from monkeypox, according to the WHO.

"There's issues where we can cooperate with China," White House spokesman John Kirby said ahead of a high stakes call between Biden and Xi Jinping.

HHS Secretary Xavier Becerra said the federal government will announce allocations of the 786,000 vaccine doses to local authorities on Thursday.

Ford reported second-quarter results that beat Wall Street's estimates for revenue and profit.

Meta is one of several technology companies that have scaled back hiring as economic conditions, including consumer spending, have become more challenging.

Best Buy said sales have slowed amid a tougher economic backdrop, as customers contend with inflation.

The substantial sum is the latest sign that CEO Mark Zuckerberg and Meta continues to spend heavily to win the so-called "metaverse."

Alphabet closed up more than 7.6% Wednesday, a day after the Google parent company reported earnings for the second quarter that weren't as bad as feared.

The company said feedback showed it needed more time.

Stocks rallied after the Federal Reserve hinted that it could slow the pace of its hiking campaign at some point.

The Federal Open Market Committee released its post-meeting statement Wednesday on what it will be doing with interest rates.

The yield on the benchmark 10-year Treasury note slipped Wednesday as investors absorbed a key policy decision from the Federal Reserve.