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. Risks Falling Behind China in Quantum Computing Race, Microsoft Warns

Microsoft President Brad Smith has warned that the United States must act swiftly to maintain its lead in the global race for quantum computing...

NXP Semiconductors Faces Decline After CEO Announces Retirement

NXP Semiconductors experienced a 7% drop in its stock price following the announcement that CEO Kurt Sievers will retire at the end of the...

Oracle’s Software Outage Causes Temporary Disruption in Health Systems

Oracle engineers accidentally triggered a five-day software outage at several hospitals within the Community Health Systems (CHS) network, forcing the facilities to revert to...

Amazon Launches First Batch of Kuiper Satellites to Revolutionize Internet Connectivity

Amazon successfully launched the first batch of its Kuiper internet satellites into space on Monday, after a prior attempt was delayed due to bad...

Uber Tightens Remote Work Policy and Adjusts Employee Benefits

Uber has informed employees of significant changes to its workplace policy, including a stricter in-office attendance requirement and adjustments to employee benefits. CEO Dara...

Alibaba Launches Qwen3, a Major Leap in Open-Source AI Development

Alibaba has unveiled the next generation of its open-source large language models, Qwen3, signaling a significant leap forward in China’s rapidly evolving artificial intelligence...

PayPal Prioritizes Profitability in Q1 Amid Revenue Miss and Macroeconomic Headwinds

PayPal reported stronger-than-expected first-quarter earnings, driven by its continued emphasis on profitability, even as revenue slightly missed market expectations. The company posted adjusted earnings...

Venmo Emerges as Key Revenue Driver for PayPal Amid Growing Monetization Efforts

Venmo, once seen as a popular peer-to-peer payment app with limited monetization, is becoming a more significant contributor to PayPal’s business. In its first-quarter...

Amazon Denies Plan to Display Import Charges on Haul Products

Amazon has officially denied plans to display import charges on products sold through its Haul platform, a low-cost storefront offering items like clothing and...

Meta Launches Stand-Alone AI App to Compete with ChatGPT and Rivals

Meta Platforms has launched a stand-alone artificial intelligence assistant app powered by its proprietary Llama AI model, marking a major step in its ongoing...

SEC Explores Crypto Reform Amid Calls for Clear Custody Rules

SEC Chair Paul Atkins said Friday that innovation in the crypto sector has been “stifled for the last several years,” pointing to the need...

Fintech Stocks Rally as Shift4, Upstart, and PayPal Drive Market Momentum

Fintech stocks saw notable movement Tuesday as a wave of earnings releases and analyst commentary spurred investor reactions across the sector. Shares of Shift4...

SpaceX Denied Greater Control Over Texas Roads and Beaches Amid Starbase City Push

As SpaceX pushes forward with its plans to incorporate Starbase into an official city in Texas, lawmakers have rejected legislation that would have granted...

Virtual Power Plant Startup Base Offers Battery Backup Amid Grid Uncertainty

With extreme weather events becoming more frequent in a warming world, many homeowners are seeking reliable energy solutions. Backup batteries have gained popularity, but...

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