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Angel Zhao, president of Alibaba Global Business Group, said that despite Rwanda having unique beauty and numerous tourism attractions, very few Chinese know about the country.

An unknown number of children were on board the school bus, which reportedly has the Paramus Board of Education logo on its side.

Analysts anticipate tougher years for the battery segment amid a glut of capacity and the phasing out of subsidies for the sector.

Analysts from Baird noted that the Whole Foods takeover “fits Amazon’s general criteria for an acquisition, which includes a strong brand and customer value proposition.”

Analysts said emerging signs of Chinese economic stabilization mean the world's second-largest economy is expected to play an important role in helping anchor the world economy, which, as IMF Managing Director Christine Lagarde cautioned, is at a "delicate moment".