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Apple's initiative, in partnership with Governor Gavin Newsom, the state and community-based organizations, includes billion for an affordable housing investment fund, billion in mortgage assistance for first-time home buyers, 0 million worth of land owned by Apple for new development in San Jose and 0 million for low-income housing in the Bay Area, according to the company. The plan will be implemented over the next two years.

Aramco is expected to offer 1.5 percent of its shares in the upcoming IPO on the Saudi Stock Exchange (Tadawul). At this valuation, the company would raise -25.5 billion from the IPO.

Artificial intelligence and the cloud-based internet of things are two major application areas where China's homegrown chips can have a good chance to compete with global players, internet titan Alibaba Group's technology chief said on Saturday.

As Brazil's daily death rate became the world's highest on Monday, a University of Washington study warned that the country's total death toll could climb five-fold to 125,000 by early August.

As China's opening-up gains further steam, exchanges between the two cities have been increasing. Border crossing, however, has remained stubbornly slow.