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

Porsche to Launch China-Exclusive Infotainment System in 2026

Porsche has announced it will introduce an exclusive infotainment system designed specifically for the Chinese market in 2026, a move that underscores the luxury...

Mercedes-Benz Urges EU-China Cooperation on EV Tariffs

Mercedes-Benz CEO Ola Källenius has voiced strong support for a collaborative and balanced approach to resolving trade tensions between the European Union and China...

Lynk & Co 900 Garners Over 40,000 Pre-Orders Before Launch

Chinese automaker Lynk & Co, a brand under the Geely Auto Group, revealed during the Shanghai Auto Show that its forthcoming 900 model has...

Akzo Nobel Reports Q1 Profit Beat Amid Tariff Concerns

Akzo Nobel, the Dutch company behind Dulux paints, reported stronger-than-expected first-quarter profits while maintaining that the ongoing tariff dispute between the United States and...

Zhipu AI Expands Globally with Alibaba Cloud Partnership Amid IPO Plans

China’s Zhipu AI is intensifying its international presence through a strategic partnership with Alibaba Cloud, as the artificial intelligence startup sets the stage for...

BP Faces Potential Share Buyback Cuts Amid Oil Price Pressures

BP is facing increasing scrutiny from investors and analysts amid concerns that the energy giant may be forced to scale back or suspend its...

GAC Commits to Safety Responsibility for Level 4 Autonomous Vehicles

Guangzhou Automobile Group (GAC), one of China’s prominent automakers, has announced its commitment to assuming full responsibility for the safety of Level 4 autonomous...

Cathay Pacific Anticipates Drop in China-U.S. Cargo Demand Amid Tariff Shifts

Cathay Pacific Airways, one of Asia’s leading air freight operators, has expressed concerns about a potential downturn in air cargo demand between mainland China...

Bank of Japan Warns Financial Institutions to Brace for Rising Market Risks

The Bank of Japan has urged Japanese financial institutions to remain vigilant in the face of increasing risks tied to heightened volatility in global...

European Pharma Executives Call for Higher Drug Prices to Boost Investment

The leaders of two major European pharmaceutical companies have called for the European Union to allow drug prices to rise to levels comparable to...

Fanuc Delays Fiscal Year Forecasts Due to Uncertainty from U.S. Tariffs and Global Economic Conditions

Fanuc Corp, a leading Japanese robotics company, announced on Wednesday that it will not be able to report its financial forecasts for the current...

ANZ Appoints Chris Raciti as Country Head of Singapore with Regional Oversight

ANZ has announced that Chris Raciti will take on the role of country head for Singapore, with regional oversight of the bank’s operations in...

Global Alconaba in Talks with Daniel Kretinsky for Tender Offer on Prisa Shares

Global Alconaba, a minority shareholder in Spanish media giant Prisa, is reportedly in discussions with Czech billionaire Daniel Kretinsky to launch a tender offer...

Nissan to Invest Over $1.3 Billion in China by 2026

Nissan Motor has announced plans to invest over 10 billion yuan (approximately $1.37 billion) in China by the end of 2026. This significant investment...

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