Mall owners are increasingly building out food halls with local chef-driven eateries, sushi bars and premium coffee shops.Retailread more
Most U.S. hedge funds aren't expecting another big stock market sell-off as more firms curb bets on volatility, according to Nomura.Marketsread more
While Trump's lawyers had argued that the committee's subpoena did not have a legitimate legislative purpose — and was therefore invalid — Mehta took a broader view.Politicsread more
See which stocks are posting big moves after the bell on Monday, May 20.Market Insiderread more
Silicon Valley argues that Wall Street focuses too much on near-term profits — but investors have embraced money-losing biotech IPOs.Marketsread more
Iran has quadrupled its output of nuclear material amid rising tension with the U.S. and dangerous escalations in the Middle East.Energyread more
The announcement comes amid a wave of store closures across the country this year.Retailread more
"As long as President [Donald] Trump believes that the Chinese are the ones who pay the price, he's going to keep taking a hard-line approach to these negotiations," Cramer...Mad Money with Jim Cramerread more
Sens. Mitch McConnell and Tim Kaine introduced a bill Monday that would raise the minimum age to buy tobacco to 21 in hopes of curbing what regulators are calling an...Health and Scienceread more
More tit-for-tat tariffs in the U.S.-China trade war could set the global economy up for a recession, according to Morgan Stanley.Marketsread more
Jim Cramer ranks the stocks of Twitter, Snap, Pinterest and Facebook.Mad Money with Jim Cramerread more
Cyprus's bailout came with "harsh" terms but enabled the country to make much-needed reforms, its president told CNBC on Thursday.
This week, the Mediterranean island exited its three-year 10 billion euro ($11 billion) bailout to acclaim, after posting its best year of economic growth in seven years.
Nicos Anastasiades, the Cypriot president, said that the strict conditionality of the bailout package meant that necessary reforms to the banking sector, fiscal policy and state-run enterprises were made, rather than being blocked in parliament.
"Cyprus needed drastic reforms …. It was our obligation to face the crisis," the 69-year-old leader told CNBC via a translator.
Anastasiades came to power in March 2013 as the Cypriot banking system was collapsing and a bailout funded by the European Stability Mechanism and the International Monetary Fund was about to be announced.
Controversially, the aid for Cyprus was conditional on the use of depositors' uninsured savings above 100,000 euros to "bail-in" failing banks.
The outlook looked grim for the island, but it surprised naysayers and posted growth of 1.4 percent in 2015 after three years in deep recession.
Its economy is still accelerating, with growth of 1.5 percent for 2016 and 2.0 percent for 2017 forecast by the European Commission.
"We have contradicted all negative forecasts, all negative projections … we restored the credibility of our state and also of the banking sector," Anastasiades told CNBC.
In future economic crises, countries should focus on reforms that curtail state excesses without harming society's poorest members, he added.
"Strict austerity policies do not help if we ignore social cohesion or repercussions on vulnerable groups," Anastasiades said.
Follow CNBC International on and Facebook.