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Gianfranco Lanci, president of Lenovo, said the global PC market is likely to remain relatively flat or record slight growth next year. As the Windows 10 refresh cycle in the business market will continue to contribute to the gain, but the sector will also continue to face shortage in supply of CPUs.

Global confirmed COVID-19 cases topped over 10 million, with death toll reaching nearly 500,000, according to the tally.

Given some signs of economic cooling in July, with headwinds from a worsening trade dispute with the United States, investment in property and infrastructure construction will be key to stabilizing domestic growth, said Liu Qiao, director of the Guanghua School of Management of Peking University.

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German car maker Daimler AG is in talks with Zhejiang Geely Holding Group Co to set up a 50-50 ride-hailing and car-sharing joint venture in China, which, if it works, is expected to cause a stir in the industry currently led by Didi Chuxing, according to a report by Bloomberg.

Given the increasing external uncertainties caused by rising protectionism and the COVID-19 pandemic, regulators need to pay great attention in the short-term to fluctuations of cross-border capital flows and further facilitate the flexibility of the renminbi exchange rate while leveraging "macro-prudential" regulatory measures to offset the potential risks, said Wang Xin, head of the research bureau of the People's Bank of China, the central bank.

George Chan, president of Siemens Healthineers Greater China, outlined plans to increase sales staff, step up training and roll out products to meet specific demands in county-level and rural hospitals.

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Global Economic Prospects, a report by the World Bank released last week, predicts that India's economy will contract by 3.2 percent in 2020-21. It grew 4.2 percent in 2019-20, the slowest pace in 11 years.

Giroir was responding to comments by Dr. Ashish Jha, director of the Harvard Global Health Institute, who told CNN earlier on Friday that the United States needs to conduct 4-5 million COVID-19 tests a day.

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Germany's Transport Ministry, which said it will check additional Mercedes models for possible emissions violations, said the decision sent a good signal ahead of an Aug 2 national task force meeting on diesel in Berlin.

Given that the defendant had removed the infringing work, Shanghai Yingxun Technology Company was ordered to pay 1,500 yuan (6) to Tencent for economic losses and rights protection.