UK PUSHES AHEAD WITH TEEN SOCIAL MEDIA BAN DESPITE US PUSHBACK
■ AI-SUMMARIZED FROM 1 SOURCE ▸ TIMELINE
The UK government will proceed with its proposed under-16 social media ban despite opposition from the Trump administration, Technology Secretary Liz Kendall said. The US embassy in London warned against the restrictions, which would primarily affect American tech firms.
■ MORE FROM THE BUSINESS DESK
Friday's technology selloff represents a critical warning for investors, Wells Fargo said, pointing to mounting risks in the artificial intelligence trade.
China's export growth exceeded forecasts in recent months, driven by surging demand for artificial intelligence chips and equipment despite shipping disruptions from regional conflicts.
A Singapore court has ordered the seizure of stakes in fintech firm Big Pay and logistics unit Teleport held by Capital A Bhd.'s Move Digital subsidiary to enforce an arbitration award tied to a shareholder dispute.
Taiwan-based BizLink Holding Inc. has agreed to acquire Blackstone Inc.'s information and communications technology business, Interplex Datacom, in a deal valued at approximately $850 million.