Ericsson AB’s shares fell by the most in about 18 months after the Swedish telecommunications network company said margins for its main business will come under pressure this quarter.

Ericsson AB is moving its global headquarters to central Stockholm after more than two decades in Kista, a struggling suburb in the Swedish capital once touted as Sweden’s Silicon Valley.

Ericsson CEO Borje Ekholm discusses the company's China exposure, both from a consumer and supply chain perspective, and what he makes of the relationship between the US and China following the meeting between President Donald Trump and China's Xi Jinping in Beijing. Live from the sidelines of the Spark Summit in California, he joins Caroline Hyde on "Bloomberg Tech." (Source: Bloomberg)

Equities are pushing higher as growing speculation that a deal to end the war between the US and Iran is nearing prompts traders to take on more risk. S&P 500 futures rose 0.2% after the benchmark notched back-to-back record highs. The index is on course for a third week of gains of more than 3%, a stunning reversal following mounting signs that the US and Iran have been looking to deescalate their conflict that has roiled energy markets. The Opening Trade has everything you need to know as markets open across Europe. With analysis you won't find anywhere else, we break down the biggest stories of the day and speak to top guests who have skin in the game. Hosted by Anna Edwards, Guy Johnson and Tom Mackenzie. (Source: Bloomberg)

The Chinese telecom giant is undeterred by product bans in the West

Ericsson AB proposed its first-ever buyback after fourth-quarter earnings beat analysts’ forecasts, boosted by the Swedish telecommunications equipment maker’s efforts to cut costs and raise margins in a sluggish market.

Borje Ekholm, CEO of Ericsson, discusses fourth-quarter earnings, its first-ever buyback and European tech dependency. He says the EU’s push to become less dependent on US technology will hurt the bloc. He speaks with Lizzy Burden on Bloomberg. (Source: Bloomberg)

The European push to become less dependent on US technology will hurt the bloc even as President Donald Trump’s Greenland policy alienates allies, according to the head of Swedish telecom equipment maker Ericsson AB.

Telecommunications equipment maker Ericsson AB plans to cut about 1,600 jobs in its home country of Sweden as part of a broader plan to reduce operational costs.