Zelenskyy, Trump discuss boosting Ukraine's air defence
Ukrainian President Volodymyr Zelenskyy said he and U.S. President Donald Trump discussed strengthening Kyiv's air defences amid intensifying Russian ...
British chip designer Alphawave is set to be acquired by U.S. semiconductor giant Qualcomm in a $2.4 billion deal, marking another major loss for the London Stock Exchange as tech firms continue shifting to U.S. markets in search of higher valuations.
British semiconductor company Alphawave has agreed to a $2.4 billion (£1.8 billion) takeover by U.S. tech giant Qualcomm, the latest high-profile technology exit from the London Stock Exchange. The Alphawave board has recommended the offer of 183p per share to shareholders, following months of negotiations.
The transaction is expected to close in the first quarter of 2026, pending shareholder approval. Alphawave specializes in high-speed connectivity solutions for datacentres and artificial intelligence systems, areas seen as crucial for future growth in the global chip industry.
Listed in 2021 at 410p per share, Alphawave has mostly traded below its IPO price. The company's acquisition follows a pattern of UK tech companies either being bought by US firms or relocating their listings across the Atlantic in pursuit of stronger liquidity and investor appetite.
Recent examples include food delivery firm Deliveroo’s £2.9 billion acquisition by DoorDash, cybersecurity firm Darktrace’s $5.3 billion deal with Thoma Bravo, and Wise’s announcement to shift its main listing to the U.S.
The trend has also extended beyond the tech sector, with companies such as Ashtead, Flutter Entertainment, CRH, and Indivior moving or planning to move their primary listings to U.S. exchanges.
This growing exodus underlines concerns over London’s appeal as a global hub for publicly listed technology firms, especially as U.S. markets continue to dominate with higher valuations and deeper pools of capital.
The European Commission is set to propose allowing carbon credits from other countries to count towards the EU’s 2040 climate target, according to a leaked internal document.
The United States has rescinded licensing restrictions on ethane exports to China, allowing shipments to resume after a temporary halt and signalling progress in efforts to ease recent trade tensions.
A magnitude 5.5 earthquake struck off Japan’s Tokara Islands on Wednesday, with no tsunami warning issued but residents advised to remain vigilant.
Italy plans to grant approximately 500,000 work visas to non-EU nationals between 2026 and 2028, as announced in a cabinet statement. The initiative aims to address labor shortages by expanding legal immigration pathways
China has ramped up efforts to protect communities impacted by flood control measures, introducing stronger compensation policies and direct aid from the central government.
The European Union will drastically reduce imports of Ukrainian wheat and sugar, by up to 80%—to protect its farmers, a move expected to shift Ukraine's exports toward Asia and Africa.
The Bank of England has launched a public consultation on future banknote designs.
Unexpected weakness in Germany's manufacturing orders in May signals ongoing uncertainty in industrial demand, despite a yearly rise and sector-specific gains.
Oil futures fell on Friday after Iran reaffirmed its commitment to nuclear non-proliferation and amid expectations that major producers are set to agree to raise their output this weekend.
Russia actively shifted its trade focus away from Europe and the United States, redirecting it toward markets in friendly countries—primarily China, India, Central Asia, Africa, and the Middle East. The share of these countries in Russia's foreign trade has increased from 46% to 82%.
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