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Daimler last month called the global trade conflict and tariffs imposed by US President Donald Trump the "decisive factor" in the reason for lowering the annual forecast. As a consequence, Daimler now expects its earnings before interest and taxes to decline slightly in 2018 from last year.

Daniel Zhang, chief executive officer of Alibaba, said the robust quarter demonstrated Alibaba's successful interaction with its 500 million consumers as well as its ability to create value.

Danny Mu, principal analyst at the research company Forrester, added BT's latest licenses are an excellent example of China's telecom sector opening up.

Data from the Australian Bureau of Statistics, or ABS, on Wednesday showed the country's A trillion (.47 trillion) economy shrank 7 percent in the three months to the end of June from a 0.3 percent decline in the March quarter.

Dan Price: The Gravity Payments CEO demonstrated the power of the bully pulpit in the digital age, fueling the national conversation about wage equality by creating a minimum salary of ,000 at his Seattle startup, and reducing his own pay to the same amount.