Bloomberg Tech

Rising Treasury yields and weak earnings news sapped appetite for stocks as traders tracked an intensifying diplomatic push to contain the Israel-Hamas war.

A Japanese pharmaceutical company executive who was detained in Beijing on allegations of espionage has been formally charged, escalating a problem that has damaged ties between the two Asian neighbors and hit investor confidence in China.

Taiwan Semiconductor Manufacturing Co. projected revenue ahead of estimates and predicted the worst could soon be over for the chip industry, bolstering a growing view that tech demand could recover from its post-Covid funk going into 2024.

Prime Minister Rishi Sunak is pushing for nations to label artificial intelligence as capable of causing “catastrophic harm” at the AI Safety Summit the UK is hosting next month as it seeks to forge a common international approach on the rapidly advancing technology.

Shares of UK property portal OnTheMarket Plc rallied the most on record after US real estate firm CoStar Group Inc. agreed to take over the firm in a transaction valued at about £99 million ($120 million).

The European Central Bank shifted to the next stage of its digital-euro project — preparing the ground to issue the currency in the coming years, though a final decision has yet to be taken.

Nokia Oyj plans to cut as many as 14,000 jobs, or 16% of its workforce, as a dearth of investment in fifth-generation mobile infrastructure forces it to take cost-cutting measures.