Apple reported strong iPhone sales and rebound in revenue from China, giving a much-needed boost to two parts of the company’s business that had struggled over the past year.

Apple’s sales in China have also suffered from competition from local handset makers such as Huawei and Xiaomi. However, revenue from China increased 4 per cent in the quarter from a year ago, hitting $15.4bn and bucking a trend of quarterly declines.

Good morning. Apple’s third-quarter revenue crushes estimates. Eli Lilly lets down investors after a head-to-head drug trial. And a renowned designer who logs 250,000 miles a year shares some unique travel tips.

China's cyberspace regulators have summoned Nvidia over security concerns about its H20 chips. They claim the chips can be tracked and turned off remotely.

The cyberspace regulator in Beijing said it questioned Nvidia over its H20 chips, which Washington only recently allowed to resume being exported to China.

The Chinese government fears that H20 GPUs pose a spying risk, but Nvidia says its products do not have backdoors.

Beijing's top trade official says China and the United States have agreed to work on extending a deadline for new tariffs on each other after two days of trade talks in Stockholm

Brewer Anheuser-Busch InBev said on Thursday its second-quarter sales volumes fell more than expected due to weak demand in Brazil and China, adding to investor worries over industry growth and sending its shares to a five-month low.

CNBC's Karen Gilchrist weighs in on declining volumes at AB InBev, led by soft demand for the Budweiser maker's beverages in China and Brazil.