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

Starbucks Faces Sales Slump Amid Turnaround Strategy

Starbucks reported weaker-than-expected earnings for the fiscal second quarter, alongside a continued decline in same-store sales. Despite the disappointing results, CEO Brian Niccol expressed...

Amazon and Nvidia Discuss Energy Needs for AI Amid Growing Demand

Amazon and Nvidia recently addressed oil and gas executives in Oklahoma City, highlighting the need for an all-inclusive approach to powering artificial intelligence (AI)...

Economic Uncertainty Fuels Rise of Recession-Based Content Online

Amid growing economic concerns, Kiki Rough, a 28-year-old self-employed consultant, has turned to sharing her experience and knowledge of cooking affordable meals during tough...

TikTok’s Dominance in Short-Form Video: A Look at Competitors and Challenges

TikTok has rapidly become the dominant force in the short-form video market, amassing over 1.12 billion monthly active users globally since its global launch...

Consumer Spending Hesitates Amid Tariff Fears and Economic Uncertainty

Consumers in the U.S. are showing mixed reactions to tariffs, with some rushing to make purchases ahead of expected price hikes, while others hesitate...

More Americans Turn to Buy Now, Pay Later for Groceries Amid Economic Strain

A rising number of Americans are turning to buy now, pay later (BNPL) loans to cover everyday expenses like groceries, according to new data...

Airline Industry Faces Uncertainty as Domestic Travel Demand Slows

Airline CEOs are warning that demand for domestic travel in the U.S. may not be as strong as they initially expected for 2025, raising...

M&S Halts Online Orders After Cyber Attack, Shares Drop 5%

Marks & Spencer (M&S) temporarily halted online orders in the UK and Ireland following a cyber attack reported earlier in the week, a move...

Grupo Mexico Reports Strong Q1 Profit Boosted by Rising Metal Prices

Grupo Mexico, the mining and transport conglomerate, reported a 17% increase in its net profit for the first quarter, reaching $1.09 billion, significantly surpassing...

Akio Toyoda Proposes $42 Billion Buyout of Toyota Industries to Strengthen Corporate Control

Toyota Motor Chairman Akio Toyoda has proposed a major acquisition of Toyota Industries in a deal potentially worth 6 trillion yen ($42 billion), marking...

Russia Holds Key Interest Rate at 21% Amid Global Economic Risks and Inflation Pressures

The Russian central bank decided to keep its key interest rate at 21% amid a mix of declining inflation and emerging risks to the...

Colgate-Palmolive Exceeds Expectations and Raises Sales Forecast Amid Tariff Challenges

Colgate-Palmolive reported stronger-than-expected quarterly results, surpassing Wall Street estimates and raising its annual sales forecast on the back of moderate price hikes and increased...

Vale Monitors Trade War Impact as Global Economic Uncertainty Looms

Brazilian mining giant Vale has reported that it has yet to experience a significant impact from the ongoing global trade tensions, despite being one...

Carrefour to Take Carrefour Brasil Private with Shareholder Approval

Shareholders of Carrefour Brasil have approved a proposal by its parent company, French retail giant Carrefour, to take the Brazilian unit private. The approval,...

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