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

JetBlue Pilot Union Opposes Domestic Partnership with United Airlines

JetBlue Airways is facing opposition from its pilot union over a proposed domestic partnership with another airline, which the union argues could significantly alter...

Trade Tensions and Global Markets: De-Escalation Hopes Boost Risk Sentiment

Markets were given a boost on Friday by the prospect of de-escalation in trade tensions between Beijing and Washington, lifting global stocks and improving...

Basel Committee Defends Swiss Bank Capital Rules Amid UBS Concerns

The head of the Basel Committee on Banking Supervision, Neil Esho, defended Switzerland's current bank capital rules, countering claims by UBS that tougher regulations...

Standard Chartered Reports 10% Profit Rise Despite Geopolitical Concerns

Standard Chartered reported a 10% rise in its first-quarter profit, driven by strong performances in wealth, markets, and other fee-based businesses, which helped offset...

Danske Bank Reports Strong Q1 Profits and Resilient Nordic Market Outlook

Danske Bank, Denmark’s largest lender, reported better-than-expected first-quarter profits, which boosted its shares. The bank’s net profit for the period between January and March...

Carlyle Group Sells 10.44% Stake in PNB Housing Finance via Block Deals

The Carlyle Group, a U.S.-based private equity firm, has divested its entire 10.44% stake in India’s PNB Housing Finance through a series of block...

Mitsubishi Corporation Predicts 26% Drop in Profit for Fiscal Year Ending March

Mitsubishi Corporation, Japan’s prominent trading house, announced on Friday that it expects its net profit for the fiscal year ending March to decrease by...

Capital A Eyes Hong Kong Listing to Boost Global Capital Access Post-Recovery

Malaysia's Capital A, the parent company of low-cost airline AirAsia, announced that it is actively exploring a potential listing on the Hong Kong Stock...

Japanese Investors Boost Overseas Holdings Amid Trade Optimism and Strong Yen

Japanese investors continued to increase their exposure to foreign stocks for the sixth consecutive week, driven by growing optimism over a potential de-escalation in...

China Reviews U.S. Proposal for Trade Talks Amid Rising Tariff Tensions

Beijing has confirmed it is currently assessing a proposal from Washington to hold discussions over U.S. President Donald Trump’s newly imposed 145% tariffs, signaling...

Australia’s Antitrust Watchdog Reviews Lactalis Bid for Fonterra Units

Australia’s antitrust authority has initiated an informal review of Lactalis’ potential acquisition of select Fonterra assets, despite the French dairy company not having formally...

BOJ Faces Pressure to Pause Rate Hikes Amid Inflation and Trade Uncertainty

The Bank of Japan is facing a critical moment in its monetary policy trajectory, as its cautious rate-hike cycle confronts new headwinds driven by...

Shell Beats Profit Expectations Despite Drop, Maintains $3.5B Buyback Plan

Shell reported a 28% decline in first-quarter net profit to $5.58 billion, yet still exceeded analyst expectations, signaling strong operational resilience amid softer energy...

Tesla Board Stands by Elon Musk Amid Investor Unease and Falling Sales

Tesla's board has reaffirmed its support for CEO Elon Musk amid growing concerns among investors regarding his recent absences, divisive political affiliations, and Tesla’s...

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