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"Eastern Africa and, in particular, Ethiopia, is following China's example of manufacture-for-export to a far greater degree than the rest of the African continent. It helps that eastern Africa is Africa's best-positioned geographic region, looking across the Indian Ocean at a fast-growing Asia," he says.

"Dave has been a fantastic leader and a role model for many at Ford during his four decades in the company," said Jim Hackett, who replaced Mark Fields as Ford President and CEO earlier this week, after a 40 percent stock price fall during Fields' three year tenure.

"Data is the new oil," said Lannes. "Companies should develop their own data."

"Education firms' funding rounds have become fewer this year, but the average funds raised in a single funding round have risen," said Chai Mingyi, associate vice-president of New Oriental Education and Technology Group.

"Evidence of significant economic damage due to the trade conflict is mounting," tweeted economist Marcel Fratzscher, president of the German think tank DIW Berlin. "The Trump administration is now adding new threats with tariffs on European cars which could make things worse."