While the U.S. gave Huawei a 90-day reprieve, allowing American businesses to keep selling specific products to the Chinese firm, it also added more affiliates of the...Technologyread more
The attacks come after state and local ransomware attacks in New York, Louisiana, Maryland and Florida resulted in the loss of significant sums.Technologyread more
U.K. Prime Minister Boris Johnson told the EU that a Brexit deal can still be approved by U.K. lawmakers if Brussels agrees to scrapping the contentious Irish "backstop."read more
Baidu posted better-than-expected earnings for the June quarter, swinging back to profit and managing to stabilize its core ad business.Technologyread more
Several big Pimco funds controlled by Ivascyn have reportedly been trimming their bond market positions in the U.K. and Europe.World Marketsread more
United States Steel Corp will temporarily lay off hundreds of workers at its Great Lakes facility in Michigan in coming weeks, according to a filing the steelmaker made with...US Marketsread more
While Hong Kong leader Carrie Lam painted a bleak picture of the city's economy, she expressed hope that dialogue with protesters could provide "a way out."China Politicsread more
China's pursuit of the Middle East may spur growth in the Islamic finance sector.World Economyread more
Twitter and Facebook have suspended accounts believed to be tied to a state-backed disinformation campaign originating from inside China.Technologyread more
U.S. President Donald Trump and his former White House communications director Anthony Scaramucci have had a public falling out recently.Politicsread more
The report comes as Trump in recent days has lashed out over media reports about growing recession fears.Politicsread more
Greece's credit rating was upgraded by Standard & Poor's on Friday and the ratings agency forecast its economy would start growing again next year.
Greek long-term sovereign debt is still considered rated speculative or "junk", but was upgraded from "B minus" to "B".
"The outlook is stable, balancing our view of Greece's progress in fiscal consolidation against its still-weak economic recovery and political resolve to continue with structural and institutional reforms," said S&P in a news release on Friday.
The rating agency forecast the Greek economy will start growing again next year, after shrinking for seven consecutive years.
Greece itself is more optimistic and predicts faint growth in 2014.
Greece was first hit hard by the global financial crisis in 2008 and then ran into trouble paying down its debt in 2010. The country was bailed out by the rest of Europe and the International Monetary Fund with 240 billion euros ($311 billion) in loans.
It hopes to graduate from its loan program in 2016 without further assistance—just as Ireland and Portugal did this year.
—By CNBC's Katy Barnato