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

South Korea Investigates DeepSeek for Unauthorized Data Transfers

South Korea's data protection authority, the Personal Information Protection Commission (PIPC), has determined that Chinese AI startup DeepSeek collected personal data from local users...

ServiceNow Shares Surge After Strong Q1 Results and Upbeat Forecast

ServiceNow saw its shares surge more than 15% after posting stronger-than-expected first-quarter results and issuing an optimistic full-year forecast, despite the ongoing macroeconomic uncertainties....

Meta Lays Off Employees in Reality Labs as It Restructures for Future VR and AR Growth

Meta has made significant layoffs in its Reality Labs division, which focuses on developing virtual reality (VR), augmented reality (AR), and related wearable devices....

Waymo Surpasses 250,000 Weekly Robotaxi Rides as It Expands in the U.S.

Alphabet's autonomous vehicle division, Waymo, has hit a new milestone, now delivering more than 250,000 paid robotaxi rides per week across the United States....

Intel Warns of Recession Risks Amid Tariff Uncertainty and Trade Disruptions

Intel’s Chief Financial Officer David Zinsner warned that rising tariffs imposed by the U.S. and retaliatory measures from other countries are significantly increasing the...

Alphabet Flags Ad Headwinds Amid Tariff Uncertainty and Global Economic Jitters

Alphabet, the parent company of Google, acknowledged potential challenges to its core advertising business as global economic uncertainty, fueled by President Donald Trump’s new...

Procter & Gamble Cuts Forecast as Tariffs and Weaker Demand Hit Sales

Procter & Gamble posted mixed results for its fiscal third quarter, impacted by declining demand and market uncertainties. While the company slightly exceeded analysts’...

PepsiCo Cuts 2024 Forecast Amid Weak U.S. Demand and Economic Uncertainty

PepsiCo delivered mixed first-quarter results as strong international performance helped counterbalance weaker demand in North America. The company also lowered its full-year earnings forecast...

American Airlines Withdraws 2025 Guidance Amid Weak Leisure Demand and Economic Uncertainty

American Airlines has withdrawn its financial guidance for 2025, citing increasing economic uncertainty and a notable decline in domestic leisure travel. The decision places...

Hasbro Braces for $300M Impact From China Tariffs, Eyes Supply Chain Shift

Hasbro, the iconic toy maker behind brands like Play-Doh and Monopoly, reported stronger-than-expected earnings, but investor attention remained fixed on the escalating trade tensions...

U.S. Spirits Exports Hit Record $2.4 Billion Amid Trade Uncertainty

U.S. spirits exports surged to a record $2.4 billion in 2024, marking a significant rebound as distillers regained lost market share following the removal...

U.S. Home Sales Slide in March Amid High Mortgage Rates and Economic Worries

The spring housing market is off to a sluggish start, largely impacted by elevated mortgage rates and broader economic concerns. Sales of previously owned...

Tariffs Push Consumer Companies to Cut Forecasts Amid Economic Uncertainty

Consumer companies across various sectors are cutting their financial forecasts as tariffs continue to raise costs and dampen consumer sentiment. Major players, including Procter...

BMW to Integrate DeepSeek AI in China-Made Vehicles Starting This Year

BMW has announced plans to incorporate artificial intelligence developed by Chinese startup DeepSeek into its new vehicle models in China beginning later this year....

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