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

DIY Watch Club Expands to Europe After U.S. Tariffs Hit

When Washington imposed higher tariffs and ended a de minimis rule that allowed low-value packages from Hong Kong and mainland China to enter the...

Elon Musk Moves Forward with Lawsuit Against OpenAI Over Control Transition

Elon Musk has confirmed his decision to proceed with a lawsuit against OpenAI, the artificial intelligence startup he co-founded, following a shift in the...

PwC Announces Layoffs of 1,500 Employees in the U.S. Amid Market Adjustments

PwC is laying off around 1,500 employees in the United States, which represents roughly 2% of its U.S. workforce. The company, which employs over...

Zalando Surpasses Expectations in Q1 with Strong Revenue and Customer Growth

Zalando, the European online fashion retailer, reported stronger-than-expected first-quarter results, driven by an increase in active customers and a positive start to the spring...

U.S. Dollar Struggles Amid Taiwan Dollar Surge and Trade Tensions

The U.S. dollar struggled to make gains on Tuesday as an unprecedented surge in the Taiwan dollar spilled over into other regional currencies, highlighting...

Philips Cuts Profit Forecast Amid U.S. Tariffs and Market Uncertainty

Philips, the Dutch healthcare technology company, has revised its profit margin forecast for 2025, citing the impact of U.S. tariffs on its products. The...

IBM Expands AI Presence with New Tools to Manage AI Agents

IBM has made a move to expand its presence in the competitive artificial intelligence market, unveiling new tools designed to assist customers in managing...

Shein and Temu Boost Digital Ads in Europe Amid U.S. Trade Challenges

Shein and Temu, two fast-fashion e-commerce platforms that primarily ship merchandise from China, have been shifting their digital advertising strategies in response to challenges...

Chinese Spending Rises During May Day Holiday, But Challenges Persist

Chinese travelers increased their spending by 8% year-on-year during the May Day holiday, reaching 180.27 billion yuan ($24.92 billion). However, this was still below...

Global Markets Tread Water Amid Tariff Concerns and Dollar Rebound

Global stock markets were largely range-bound on Tuesday, while the U.S. dollar rebounded slightly from recent losses against Asian currencies, as concerns about U.S....

OpenAI Keeps Nonprofit Control Amid Restructuring Changes

OpenAI has made a significant decision to reverse its restructuring plans, opting to maintain control under its nonprofit parent. This move is a direct...

Hinge Health’s Resilient Rise in Digital Physical Therapy

Mecklenburg, who initially met while pursuing PhDs in the UK. Their shared interest in healthcare innovation, inspired by personal experiences with injuries, led them...

Trump’s Crypto Fundraisers: A $1.5M Dinner and the $TRUMP Token Gala

President Donald Trump is hosting two crypto-focused fundraising events this month, each designed to generate millions of dollars for his campaign. The first is...

Hims & Hers Appoints Former Amazon Executive Nader Kabbani as COO

Hims & Hers Health announced the appointment of Nader Kabbani, a former Amazon executive, as its new chief operations officer. Kabbani, who spent nearly...

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