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.
Asia’s ‘best restaurants’ list is out — and it’s no surprise which country made the list 17 times
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.
India’s population will overtake China’s – what does that mean for the world?
India’s 1.4 billion population will almost certainly bring economic opportunities, but could it set back the country’s growth?
China is ‘openly playing in Russia’s backyard’ with Central Asia summit
Both China and the United States want a tighter relationship with the countries of Central Asia, which has rich resources and diverse trade relationships, CNBC’s Ted Kemp reports.
Alibaba shares soar 15% in Hong Kong on news of major overhaul
Alibaba in its announcement to split its company into six business groups is aimed to “unlock shareholder value.”
Hong Kong shares rise 2% as Alibaba lifts technology stocks; Asia markets mostly rise
Asian markets trade mixed as investors observe the reaction to Alibaba’s Asian shares after reorganization, while Australia will see its inflation numbers for February.
