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

Alphabet Stock Gains on Strong Earnings and AI Product Growth

Alphabet's stock rose by 1.7% on Friday, fueled by strong growth in its search and advertising sectors, even amid a competitive artificial intelligence landscape...

California DMV Proposes Comprehensive Rules for Testing and Deploying Self-Driving Vehicles

California is preparing to implement new regulations for the testing and deployment of self-driving vehicles, marking a significant step in the state’s efforts to...

SEC Chair Calls for Overhaul of Crypto Regulation Amid Industry Growth

SEC Chair Paul Atkins stated that innovation in the cryptocurrency industry has been hindered over the past several years, urging the need for substantial...

Elon Musk’s xAI Seeks $20 Billion Funding Round to Boost AI Expansion

Elon Musk's xAI Holdings is reportedly in discussions with investors to raise $20 billion, which would value the company at over $120 billion. This...

Elon Musk’s xAI Eyes $20 Billion Funding Round Amid AI Expansion

Elon Musk’s artificial intelligence venture, xAI Holdings, is reportedly in advanced discussions with investors to secure a new round of funding totaling approximately $20...

Business Jet Market Faces Sharp Decline Amid Economic Uncertainty

As consumer confidence declines, demand for commercial air travel is softening, and even high-net-worth individuals are scaling back. A recent survey conducted by Barclays...

MercadoLibre CEO Sees Opportunity for Latin America Amid U.S.-China Trade War

Marcos Galperin, the CEO and founder of MercadoLibre, sees major potential for Latin America amid the ongoing trade tensions between the United States and...

Novo Nordisk Wins Court Battle to Block Compounded Wegovy and Ozempic

Novo Nordisk has secured a significant legal victory that effectively limits the ability of compounding pharmacies to market or sell less expensive, unapproved versions...

How Tariff Fears Are Reshaping U.S. Consumer Spending in 2025

As tariffs loom over the economy, consumers are showing a divided response, with certain sectors seeing a rush in purchases while broader retail trends...

How Businesses Can Successfully Manage Global Mass Payouts

As businesses expand globally, financial transactions become more complex, requiring efficient methods for handling payments at scale. Mass crypto payouts are gaining traction as...

Asian Stocks Set for Second Consecutive Week of Gains Amid U.S.-China Trade Hopes

Asian stock markets are on track to post a second consecutive week of gains, with the dollar heading for its first weekly rise in...

Oil Prices Rise Amid U.S.-China Trade Hopes, But Weekly Decline Looms

Oil prices experienced a modest increase for the second consecutive session on Friday, driven by signs of a potential easing of tensions in the...

Revolut Hits $1 Billion Profit as It Prepares UK Bank Launch

British fintech firm Revolut has reached a major milestone, announcing a net profit of £1.1 billion ($1.5 billion) for the year ending December 31,...

Adobe to Launch Mobile Version of AI Image Generator Firefly

Adobe has announced plans to launch a mobile version of its Firefly AI image generation tool, enhancing its challenge to competitors like OpenAI. At...

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