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
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
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
The report comes as Trump in recent days has lashed out over media reports about growing recession fears.Politicsread more
Beijing will lower borrowing costs for companies, but that may not boost the economy as much as some hope.China Economyread more
Stocks are bouncing higher but could be trapped in a range longer term, until there's a resolution of the trade wars.Market Insiderread more
Stocks in Asia mostly traded higher Tuesday morning as minutes from the Reserve Bank of Australia's July meeting were released. The People's Bank of China also published its...Asia Marketsread more
Powell will have the opportunity if not to walk back the "midcycle" assessment then to at least provide some further explanation about what it means.Economyread more
Apple has spent more than $6 billion on original TV shows and movies for its forthcoming Apple TV+ service, according to a Financial Times report on Monday.Technologyread more
The leftist Syriza government has set Greece's economy back two years, the leader of the country's main opposition party told CNBC, as he called for snap elections.
"We are ready to win the election and we are ready to govern," Kyriakos Mitsotakis, the leader of the conservative New Democracy party, said in Athens.
New Democracy was Greece's ruling party for three years under Prime Minister Antonis Samaras, who was succeeded by firebrand Alexis Tsipras of the Syriza party in September last year.
"We have to point out that Greece, back in 2014, was actually in the process of coming out of a very steep recession. As a result of the policies of the current government, we basically lost two years. We have had a recession in 2015, a recession in 2016 and we hope that we will have a mild recovery in 2017," Mitsotakis told CNBC on Thursday.
The European Commission sees the Greek economy shrinking this year by 0.3 percent. The economy shrunk each year on an annual basis between 2008 and 2013, before posting narrow growth in 2014 and shrinking 0.2 percent in 2015.
"The problem is that this government is implementing the wrong policies; is implementing the wrong fiscal mix; is overtaxing the productive economy and has not engaged in meaningful structural reforms that will attract foreign investment. So as much as I would like to believe that the economy is going to recover I have serious doubts that it will happen with these types of policies," Mitsotakis told CNBC.
In January, Mitsotakis succeeded Samaras, under whom he served as Minister of Administrative Reform and E-Governance, as party leader.
If a snap election were called, Mitsotakis might be in a good position to become Greece's next prime minister, as polls steadily show New Democracy with a lead over Syriza. However, the vote need not be held until 2019.
"I believe we have the full capacity to win this election — that is at least that is what our polls indicate — and should this happen, Greece will have a competent, pro-reform government and I think this government will be in a position to attract foreign investment and will be in a position to implement policies that would deliver the true growth potential of the economy," Mitsotakis told CNBC.
Mitsotakis honed his free market credentials at Harvard Business School and Chase Manhattan Bank and McKinsey in London and is from a political family — he is the son of former Prime Minister Konstantinos Mitsotakis and his sister, Dora Bakoyannis, is a New Democracy politician.
"I cannot force an election but I am fundamentally optimistic about the medium-to-long term prospects of this country," Mitsotakis concluded.
Follow CNBC International on and Facebook.