Two dead, one injured as rally car crashes into spectators in central France
Two spectators were killed and another seriously injured on Saturday when a rally car veered off the road during a race near Ambert in France’s Puy-...
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 world’s biggest dance music festival faces an unexpected setback as a fire destroys its main stage, prompting a last-minute response from organisers determined to keep the party alive in Boom, Belgium.
Australian researchers have created a groundbreaking “biological AI” platform that could revolutionise drug discovery by rapidly evolving molecules within mammalian cells.
Australian researchers have pioneered a low-cost and scalable plasma-based method to produce ammonia gas directly from air, offering a green alternative to the traditional fossil fuel-dependent Haber-Bosch process.
A series of earthquakes have struck Guatemala on Tuesday afternoon, leading authorities to advise residents to evacuate from buildings as a precaution against possible aftershocks.
The U.S. economy faces a 40% risk of recession in the second half of 2025, JP Morgan analysts said on Wednesday, citing rising tariffs and stagflation concerns.
Volkswagen cut its 2025 forecast after U.S. tariffs slashed €1.3 billion from profits, but strong EV demand and European sales offer signs of recovery.
The IMF has approved a $625 million loan program for Chad to support economic growth and social spending amid regional and economic challenges.
Volkswagen cut its 2025 forecast after U.S. tariffs slashed €1.3 billion from profits, but strong EV demand and European sales offer signs of recovery.
Saudi Arabia announced $6.4 billion of investments in Syria on Thursday, reflecting the kingdom's deepening ties with interim President Ahmed al-Sharaa's government as it seeks to rebuild Syria after a 14-year civil war.
The Central Bank of Azerbaijan has reduced the refinancing rate from 7.25% to 7%, the interest rate corridor floor from 6.25% to 6%, and the ceiling from 8.25% to 8%.
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