Investment bankers are looking to 2026 as a potential turning point for London’s struggling initial public offering (IPO) market, betting that a small number of large, high-profile listings could help restore confidence after another disappointing year for new listings. Hopes of a revival in 2025 faded as market volatility linked to US President Donald Trump’s
Norway moved within striking distance of effectively eliminating gasoline and diesel cars from its new car market after electric vehicles accounted for nearly all new registrations last year, reinforcing the country’s position as the world’s leading adopter of EVs. Data published on Friday by the Norwegian Road Traffic Information Council, known as OFV, showed that
Luxury goods companies are facing renewed pressure on profitability after a sharp rise in discounting during 2025, as consumers increasingly question the value of high-end products following years of aggressive price increases. Industry data shows that as much as 40% of luxury goods were sold at discounted prices last year, undermining margins across the sector,
Alphabet Inc. is poised to record another substantial paper gain following a new SpaceX tender offer that sharply lifts the private company’s implied valuation. The transaction, which prices insider shares well above previous secondary sales, is expected to raise the carrying value of Alphabet’s long-held stake in Elon Musk’s rocket and satellite business. The development,
South Africa’s efforts to expand satellite internet access, with Starlink at the centre of the debate, are facing mounting political resistance. Lawmakers are pushing back against a proposed shift in telecom ownership rules that could allow foreign satellite providers to operate without local equity participation, reports Bloomberg. The dispute has reopened sensitive questions around economic
From Silicon Valley power plays to international legal battles, the overnight news cycle was relentless. Here is your cheat sheet: PayPal is eyeing a banking charter, Tesla is testing driverless tech in Texas, and SpaceX just made Elon Musk wealthier than ever. But the biggest headline might be happening in the courtroom, where President Trump
Tesla stock (NASDAQ: TSLA) came under pressure on Friday, plunging over 1% after volatility spread through the broader artificial intelligence space. The stock has alternated between gains and losses this week, with investors reassessing growth expectations amid competition from global rivals and execution risks around robotaxi deployment. Tesla’s volatile trading reflects the market’s struggle to
The Edinburgh Worldwide Investment Trust (EWIT) has generated a near 950% return on its long-held investment in Elon Musk’s Space Exploration Technologies, better known as SpaceX, underscoring one of the most successful private-market bets in its portfolio. The investment has also become a focal point in a growing dispute with the trust’s largest shareholder, activist
Tesla stock (NASDAQ: TSLA) remained in the flat territory Tuesday as Wall Street analysts moved to the sidelines, trimming growth forecasts ahead of the electric automaker’s fourth-quarter delivery report. The share price was slightly up, after facing some serious headwinds in December as Morgan Stanley downgraded the name, citing slowing momentum and a valuation that
xAI is moving to scale up its artificial intelligence infrastructure in the southern US, buying a data centre footprint anchored in Memphis. The expansion centres on the purchase of a third facility in the region, a move that significantly lifts the company’s planned computing capacity and reinforces its ambition to run one of the world’s