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Meanwhile cost of revenue jumped roughly 70 percent both for the quarter and for the year, due to investment in cloud, content and financial technologies to boost sales.

McKinsey warned that some weaker brands will be edged out of the market as the current slowdown and fierce competition push consolidation. As customer demographics become younger, many car brands have been introducing digital and tech extras to attract them, but the McKinsey report found offline channels including visits to dealerships continue to play an irreplaceable role in decision-making.

Meanwhile, Baidu and Singapore technology conglomerate Asia Mobility Industries unveiled a joint venture and a newly established 0 million fund to promote the commercialization of Baidu's autonomous driving technologies in Southeast Asia.

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Meanwhile, Taliban militants have also killed five people on charge of spying for government in Jarm district of Badakhshan province, police spokesman in the province Sanaullah Ruhani said.

Meanwhile, Huawei is also ratcheting up efforts to buy more components and technologies from European suppliers, so as to reduce reliance on US technologies and deepen its multi-vendor strategy to ensure sustainability in business development.

Meanwhile, Downing Street has confirmed May will bring up the topic of climate change when she meets Trump.

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Meanwhile, clusters of petrochemical enterprises in Jiujiang raise the risk of fire disasters, which requires more attention from the city's fire and rescue team.

May said Britain is ready to participate in the Belt and Road Initiative and explore exchanges in innovation, finance, intellectual property rights and artificial intelligence.

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Meanwhile, Meijer added that high-speed trains will connect about 80 percent of the provincial capital cities in China, and regional flights are expected to help to cover those areas that high-speed trains cannot.

Meanwhile, in June, the US Federal Aviation Administration identified a new risk that Boeing Co must address on its 737 Max before the grounded jets can return to service. The FAA didn't elaborate on the latest issue, and it said there is no time set for resumption of flying the aircraft model.