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

Amgen Expands Ohio Manufacturing with $900 Million Investment

Amgen, the California-based biotechnology giant, has announced a $900 million expansion of its manufacturing facility in central Ohio, marking a significant move to bolster...

RWE Suspends U.S. Offshore Wind Projects Amid Political Shifts

German energy giant RWE, one of the world's leading offshore wind developers, has announced it has suspended work on its U.S. offshore wind projects...

DoorDash Makes $3.6 Billion Takeover Offer for Deliveroo

British meal delivery company Deliveroo announced it had received a takeover proposal from U.S.-based DoorDash on April 5, offering to buy all of its...

Codelco Reports Q1 Profit Drop Despite Slight Rise in Copper Production

Chilean miner Codelco, the world’s largest copper producer, reported a slight increase in production during the first quarter, although the gain was not enough...

California Proposes Testing of Autonomous Heavy-Duty Trucks on Public Roads

The California Department of Motor Vehicles announced a new proposal on Friday that would allow the testing of self-driving heavy-duty trucks and other large...

Third Point Builds Stake in Kenvue Amid Growing Activist Pressure

Billionaire investor Daniel Loeb's hedge fund, Third Point, is building a stake in Kenvue, the $44 billion consumer healthcare company known for brands like...

Emerging Markets Face Rising Debt and Slowing Growth Amid Trade Uncertainty

Emerging markets and developing countries are facing growing challenges as spiking trade uncertainty adds to their already significant debt burdens and sluggish economic growth....

Nike Sued Over NFT Collapse Following RTFKT Shutdown

Nike is facing a proposed class action lawsuit filed by purchasers of its Nike-themed non-fungible tokens (NFTs) and other cryptocurrency assets, who claim they...

Nissan Plans to End Wuhan Vehicle Production by 2026 Amid China Market Challenges

Nissan Motor is planning to halt vehicle production at its Wuhan plant in China by March 31, 2026, according to sources familiar with the...

Xi Jinping Calls for Self-Reliance in AI as China Accelerates Technological Development

Chinese President Xi Jinping has reaffirmed China's commitment to advancing artificial intelligence through self-reliance and systemic innovation, as reported by state media. During a...

Proposed U.S. Tariffs on Pharmaceutical Imports Could Lead to Price Increases

A proposed 25% tariff on pharmaceutical imports could lead to a significant increase in U.S. drug costs, potentially raising prices by as much as...

U.S. Stocks and Market Sentiment Set for Crucial Test in Upcoming Week

The upcoming week is set to be a crucial one for the markets, as investors face a number of significant events that could determine...

Pony.ai Partners with Tencent to Develop Autonomous Driving and Robotaxi Services

Chinese start-up Pony.ai announced a new partnership with Tencent Cloud to develop autonomous driving technology and introduce robotaxi services. This collaboration will allow Pony.ai...

Amazon Sellers Struggle with Rising Tariffs and Price Increases

For the past 10 years, Aaron Cordovez has been selling kitchen appliances on Amazon through his company, Zulay Kitchen. However, recent challenges have emerged...

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