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American Airlines said it plans to cut about 30 percent of management and support staff, or about 5,000 jobs due to the coronavirus pandemic.

Amid the transition from pursuing high-speed growth to focusing on high-quality growth, the government needs to make a number of adjustments to the economic structure, including solving the piling up of local government debts, he said. Some efforts can be taken, including reducing the size of the government balance sheet, he said.

Among the 5G possibilities are augmented reality (computer graphics merging with the real world), virtual reality, improved streaming resolution, holographic displays, enhanced power and next-gen cloud computing. More importantly, smartphone makers' enthusiasm for 5G shows how technological advances can motivate people, especially when their product shipments are shrinking.

Amazon’s donation to the Alliance for Education, which is an organization that works closely with Seattle Public Schools, will create what the company calls a new “Right Now Needs Fund” to meet the urgent needs of individual students. The Alliance will administer the grant, designed to cover the current 2018-19 and the following 2019-20 school years.

Amid strong warnings from business groups, US President Donald Trump signed a memorandum that could impose tariffs on up to billion of Chinese products, fueling fears that the world's two largest economies could be sliding towards a trade war.