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

FC Mother Launches “World Cup of Healing” to Tackle Maternal Health Crisis

On Mother’s Day, a unique global initiative is launching to tackle the maternal health crisis through the power of soccer. Maternal mortality remains dangerously...

Family Offices Shift Toward Deep Tech Amid Tariff Concerns

Private investment firms for ultra-wealthy families significantly reduced their direct investment activity in April, likely in response to economic uncertainty and concerns over tariffs....

Restaurant Brands Misses Q1 Targets but Sees Momentum Building

Restaurant Brands International reported first-quarter earnings and revenue that fell short of analysts’ expectations, as key brands like Tim Hortons, Burger King, and Popeyes...

Bill Gates Pledges $200 Billion in Charitable Giving by 2045

Bill Gates has announced plans to double his charitable giving, committing a total of $200 billion over the next two decades. In a blog...

Krispy Kreme Stock Drops 24% Amid McDonald’s Rollout Pause and Economic Uncertainty

Krispy Kreme's stock plunged by 24% on Thursday following the announcement that the company is halting its expansion into McDonald’s locations and retracting its...

How AI Is Quietly Transforming the Culinary World

At this year’s Michelin Guide awards in France, the buzz extended beyond the stars gained or lost. Conversations among chefs were increasingly dominated by...

Hong Kong’s Exchange Fund Posts HK$67.2 Billion Q1 Gain Amid Market Rally

Hong Kong’s Exchange Fund recorded a robust investment gain of HK$67.2 billion (US$8.7 billion) in the first quarter of 2025, driven by strong performances...

Alibaba Joins Instant Commerce Race with 10 Million Daily Orders Milestone

Chinese e-commerce giant Alibaba has made a powerful entrance into the instant commerce sector, achieving a major milestone of 10 million daily orders just...

Rivian to Invest $120 Million in Illinois Supplier Park Ahead of R2 SUV Production

Rivian has announced a $120 million investment to develop a new supplier park adjacent to its manufacturing facility in Normal, Illinois, as the electric...

TotalEnergies Plans $16 Billion Green Hydrogen and Ammonia Project in Chile

TotalEnergies, through its Chilean subsidiary TEC H2 MAG, has initiated the environmental permit process for a monumental $16 billion green hydrogen and ammonia project...

Warren Buffett to Stay on as Chairman as Greg Abel Takes Over as CEO

Warren Buffett, the legendary investor who transformed Berkshire Hathaway into one of the world's most respected conglomerates, will remain as chairman after stepping down...

Vertex Misses Estimates on Trikafta Sales but Raises Revenue Outlook

Vertex Pharmaceuticals reported lower-than-expected quarterly results, falling short of Wall Street estimates due to weaker sales of its cystic fibrosis drug Trikafta. The miss...

Williams CEO Alan Armstrong to Step Down as Company Raises Annual Profit Forecast

Williams Companies announced that CEO Alan Armstrong will step down after more than 14 years of leading the U.S. pipeline giant. Armstrong, who has...

Clorox Lowers Sales Forecast Amid Weak Consumer Demand and Trade War Uncertainty

Clorox has revised its annual sales forecast as the company grapples with weakening consumer demand driven by economic uncertainty linked to global trade tensions....

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