Dumb phones are on the rise in the U.S. as Gen Z looks to limit screen time
A resurgence in dumb phones in the U.S. may be tied to concerns about the mental health impact of smartphones, especially among younger generations.
Saudi Arabia takes step to join China-led security bloc, as ties with Beijing strengthen
The Saudi decision to join the China-led SCO comes within weeks of Beijing brokering talks for arch-rivals Tehran and Ryiadh to resume diplomatic relations.
‘Call of duty’: With Sergio Ermotti, Switzerland gets a cost-cutting local to restore its reputation
New UBS CEO Sergio Ermotti on Wednesday said his return to the helm was “a call of duty,” as the Swiss veteran takes on the task of restoring order to the country’s bruised financial system.
Bitcoin climbs above $28,000 as investors shrug off regulatory crackdowns
Investors shrugged off initial fears surrounding U.S. regulators’ crackdowns on industry giants.
Credit Suisse whistleblowers say Swiss bank has been helping wealthy Americans dodge U.S. taxes for years
The bank notoriously pleaded guilty in 2014 to criminal charges for “knowingly and willfully” helping U.S. clients hide offshore assets and income from the IRS.
Alibaba’s revamp puts renewed focus on Ant Group’s suspended IPO
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.
CNBC Daily Open: UBS gets a new (old) Group CEO
UBS gets a new Group CEO, and U.S. regulators said they favor more stringent rules on banks. Big changes are coming to banks.
Sergio Ermotti returns as UBS CEO to oversee Credit Suisse takeover
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.
With ChatGPT hype swirling, UK government urges regulators to come up with rules for A.I.
The U.K. published a white paper for artificial intelligence. The plans come as generative AI has driven hype around the technology to frenzied levels.
Israeli turmoil alarms business leaders: There’s ‘fear over what happens next’
The uncertainty afflicting Israel’s political situation extends deep into the business sector.
