Business

Russia’s Titanium Giant Hands Its British Arm to a Little-Known Hong Kong Company Named Quri

UK filings show that Hong Kong’s Quri Investment Limited was listed as holding at least 75% of VSMPO Tirus Limited’s shares on 1 October 2026, the same day Russian titanium producer VSMPO-AVISMA ceased to be listed as having significant control. The filings do not disclose the terms of the deal.

Zhong Shanshan Net Worth 2026: The Water King Now Runs on Tea

Zhong Shanshan's net worth in 2026, how Nongfu Spring made him China's richest man, and why tea, not water, now drives his fortune.

Xi Jinping Urges China, US Youth to Advance Bilateral Cooperation

President Xi Jinping told students from 10 US universities he hopes young people will advance China-US cooperation in a reply to their letter.

China Tests Star-Based Navigation for Its 2030 Jupiter Mission

Chinese researchers tested stellar aberration navigation aboard the Tianhui-7 satellite in January, fixing its position to within 5km ahead of a 2030 Jupit

Hong Kong Cuts Subsidised Physiotherapy Places by a Third for 2027-28

Hong Kong's Education Bureau cut subsidised physiotherapy places by about a third for 2027-28 as graduates face a tightening job market

Banks Reluctant to Reverse Credit Card Fee Hikes After CFPB Rule Defeat

After a Consumer Financial Protection Bureau (CFPB) rule was overturned in federal court, banks have been hesitant to reverse the interest rate hikes and...

Disney’s Q2 Earnings Exceed Expectations, Fueled by Strong Disney+ Growth

Disney reported strong fiscal second-quarter earnings, surpassing Wall Street expectations, thanks to a surge in subscribers for its Disney+ streaming service. The company raised...

Used Vehicle Prices Surge Amid Tariff Concerns, Reaching New Heights

Used vehicle prices saw a significant surge last month, reaching their highest point since October 2023, as consumers rushed to purchase vehicles amid concerns...

Netflix Redesigns Homepage to Improve Search and User Experience

Netflix introduced a revamped homepage experience on Wednesday, aiming to make content discovery easier and more enjoyable for its members. The redesign focuses on...

Investors Sue UnitedHealthcare Over Misleading Earnings Outlook After CEO’s Death

A group of investors filed a class action lawsuit against UnitedHealthcare Group on Wednesday, alleging that the company misled them following the fatal shooting...

Serena Williams and Alexis Ohanian Teach Daughter the Value of Money

Serena Williams and Alexis Ohanian, despite their considerable wealth, are committed to teaching their 7-year-old daughter Olympia the value of hard work and financial...

U.S. Resumes Collections on Defaulted Student Loans, Affecting Borrowers

The U.S. Department of Education has resumed its efforts to collect on defaulted student loans, ending a five-year pause since the start of the...

China’s Exports Surge in April Despite U.S. Tariffs

China's exports saw a significant rise in April, increasing 8.1% from the previous year, according to official data. This surge came despite a sharp...

Bill Gates Pledges to Give Away Most of His Wealth, Closing Foundation by 2045

Bill Gates has announced plans to give away nearly all of his $168 billion fortune and close the Bill & Melinda Gates Foundation by...

Disney Announces New Theme Park Resort in Abu Dhabi

The Walt Disney Company has unveiled plans for a new theme park and resort in Abu Dhabi, marking its seventh global theme park destination....

U.S. Air Traffic Control Faces Renewed Scrutiny After Major System Outage

A brief but significant equipment failure on April 28 has once again highlighted the critical issues facing the U.S. air traffic control system, exposing...

Flutter Misses Q1 Earnings Expectations Amid NCAA Impact, Adjusts U.S. Guidance

Flutter, the global leader in sports betting and online gaming, reported weaker-than-expected financial results for the first quarter as customer-favorable outcomes during the NCAA...

Carvana Reports Record Q1 Sales and Profit Amid Rising Used Car Demand

Carvana posted impressive first-quarter results, surpassing Wall Street expectations with record sales and profitability, driven by stronger-than-anticipated industry demand and heightened consumer activity amid...

Saudi Arabia Expands Investment in Women’s Golf with PIF Global Series

Saudi Arabia is strengthening its commitment to women’s professional golf through a new initiative spearheaded by the Public Investment Fund (PIF). The sovereign wealth...

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