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

TikTok to Build €1 Billion Data Centre in Finland to Strengthen European Operations

TikTok is moving forward with plans to enhance its European data infrastructure by investing €1 billion (US$1.14 billion) in the construction of its first...

Nvidia Warns U.S. Lawmakers About Huawei’s Rising AI Chip Threat

Nvidia CEO Jensen Huang recently addressed rising concerns about Huawei Technologies' expanding capabilities in artificial intelligence during a confidential meeting with the U.S. House...

DeepSeek Unveils Prover-V2 as R2 AI Model Anticipation Builds

Chinese AI start-up DeepSeek has generated renewed public interest with the unexpected release of its upgraded mathematics-focused model, Prover-V2, as anticipation builds for its...

Xbox Raises Console and Game Prices Amid Tariff Pressures

Microsoft’s Xbox division is raising the prices of its gaming consoles, accessories, and first-party games across major markets including the United States, Europe, the...

HSBC Chairman Mark Tucker to Retire After Eight Years, Successor Search Begins

Mark Tucker, the chairman of HSBC Holdings, has announced his intention to retire after eight years in the role. The bank confirmed in a...

Shoucheng Holdings Commits to Investing in 50 Robotics Firms in China

Shoucheng Holdings, a Hong Kong-listed car park operator under Shougang Group, is set to invest in approximately 50 robotics firms across China in the...

Shanghai Start-Up United InnoMed to Launch AI-Driven Heart Failure Device in Hong Kong

United InnoMed, a Shanghai-based medical device start-up, plans to collaborate with Hong Kong's medical institutions to conduct clinical studies for its artificial intelligence-driven device...

Hong Kong Stocks Rise Amid Trade Optimism and Strong Tech Earnings

Hong Kong stocks saw significant gains on Friday, driven by optimism surrounding potential trade talks between China and the US, as well as strong...

Hong Kong Banks Offer Exclusive Incentives to Attract Mainland Chinese Wealthy Clients

Hong Kong banks are intensifying their efforts to attract wealthy mainland Chinese clients, offering a range of incentives such as tickets to high-profile football...

U.S. Employment Growth Expected to Slow in April Amid Tariff Uncertainty

U.S. employment growth is expected to slow down in April, with the jobless rate remaining steady, reflecting a healthy yet moderating demand for labor....

Temu Adjusts Business Model in the U.S. Amid Tariff Changes and Policy Shifts

Temu, the shopping platform owned by Chinese e-commerce giant PDD Holdings, has adjusted its business model in the U.S. in response to retaliatory tariffs...

Australian Dollar Leads Gains as U.S.-China Trade Talks Boost Market Sentiment

The Australian dollar led the charge against the U.S. dollar on Friday, boosted by signals of a potential thaw in trade relations between the...

Oil Prices Rise Slightly on U.S.-China Trade Talk Hopes Amid OPEC+ Supply Concerns

Oil prices saw a slight uptick on Friday following news that China was open to discussing tariffs with the United States, fueling optimism that...

Chinese Car Manufacturers Adapt to EU Tariffs with Increased Sales of Plug-in Hybrids

Chinese automakers, including BYD and Chery, have ramped up sales of plug-in hybrid vehicles (PHEVs) in the European Union as a strategy to bypass...

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