Bloomberg Tech

For months, megacap tech shares powered US stocks to dizzying gains. The market’s engine is now starting to sputter.

European equities failed to hold onto earlier gains and edged lower on Friday, putting them on track for their eight straight day of losses — the longest losing streak since November 2016.

President Xi Jinping will host the leaders of two heavily indebted nations for state visits to China this weekend, as he skips the world’s premier forum for top-level diplomacy in India.

The US government has begun an official probe into an advanced made-in-China chip housed within Huawei Technologies Co.’s latest smartphone, a revelation that’s set off a debate in Washington about the efficacy of sanctions intended to contain a geopolitical rival.

Ant Group Co. unveiled an artificial intelligence tool to use for wealth management and insurance services, joining the race for next-generation AI.

Africa’s biggest wireless firm MTN Group Ltd. said American Tower Corp. will take over its Nigerian tower operations from IHS Holding Ltd. from 2025.

Faruk Fatih Ozer, who ran crypto exchange Thodex until it imploded in 2021, was sentenced to 11,196 years in prison by a Turkish court for crimes including fraud.

Huawei Technologies Co. added a new top-of-the-line model to its controversial Mate 60 smartphone family on Friday, putting the Mate 60 Pro+ on sale in mainland China.

China is emerging as a block on negotiations in the run-up to a meeting of Group of 20 leaders, with the UK accusing Beijing of obstructing measures to tackle climate change and refusing to back language condemning Russia’s war on Ukraine.

US National Security Advisor Jake Sullivan denounced as irresponsible any bid to link action on climate change to access to semiconductors, saying that President Joe Biden’s administration would reject such attempts.