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

U.S. Considers Modified Qatari 747 as Alternative to Delayed Air Force One

The United States is reportedly collaborating with L3Harris Technologies to convert a used Qatari government Boeing 747 into a potential replacement for the delayed...

Inside the World of High-Net-Worth Horse Investors at the Kentucky Derby

The 151st Kentucky Derby kicks off this Saturday, with the winner taking home $3.1 million from a $5 million purse. Among the crowd at...

CVS Health Beats Q1 Estimates and Raises 2025 Forecast Amid Insurance Gains

CVS Health reported stronger-than-expected first-quarter earnings and revenue, with improvements in its insurance division driving optimism and prompting an upward revision of full-year adjusted...

Eli Lilly Reports Q1 Revenue Surge Driven by Mounjaro and Zepbound Sales

Eli Lilly posted strong first-quarter results, exceeding analyst expectations for both revenue and earnings, largely driven by soaring demand for its diabetes and weight...

Amazon Revives Theatrical Movie Market with Major Film Investments

Amazon is reshaping the cinematic landscape with a significant push into theatrical releases, pledging to spend around $1 billion annually to produce 12 to...

GM Cuts 2025 Outlook Amid $5 Billion Tariff Impact

General Motors has revised its financial guidance for 2025, adjusting for a projected $4 billion to $5 billion negative impact from recently implemented auto...

U.S. Auto Sales Surge in April Ahead of Tariff-Driven Price Hikes

Automakers including Ford, Hyundai, and Kia experienced strong year-over-year growth in U.S. vehicle sales for April, as consumers accelerated their purchases to avoid anticipated...

Eli Lilly CEO Questions Need for Drug Tariffs Amid U.S. Manufacturing Push

Eli Lilly CEO Dave Ricks has expressed a willingness to support national security efforts by helping secure the U.S. supply of essential medicines, as...

McDonald’s Posts Weak Q1 Sales as U.S. Traffic Declines Sharply

McDonald’s reported mixed results for the first quarter, revealing its sharpest domestic decline in same-store sales since the early months of the COVID-19 pandemic....

Trump’s Second Term Fuels Energy Uncertainty as Oil Prices Plummet

Just 100 days into President Donald Trump's second term, U.S. oil prices have declined more than 20%, slipping below the breakeven point for many...

CSL Assesses Tariff Exemptions for U.S.-Made Drugs Amid China-U.S. Trade Tensions

Australian biotechnology firm CSL Ltd has confirmed it is evaluating whether some of its U.S.-made medicines, particularly those used in surgical procedures, are included...

Aston Martin Balances Tariff Costs and Affirms 2025 Outlook Amid U.S. Strategy Shift

Aston Martin announced that it will adopt a balanced approach in managing the financial impact of newly imposed U.S. tariffs, splitting the associated costs...

Volkswagen Warns of Lower Profit Margins Amid Tariff Uncertainty

Volkswagen announced that its operating profit margin for the year will likely fall at the lower end of its projected 5.5% to 6.5% range....

Samsung Warns of Tariff-Driven Uncertainty Despite Solid First-Quarter Profit

Samsung Electronics issued a warning about increasing global trade uncertainties, noting that U.S. tariffs could dampen demand for products like smartphones and complicate future...

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