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

Google Faces Major Antitrust Setback in Online Ad Market

Google is facing increasing legal challenges as a U.S. federal judge ruled the company holds illegal monopolies in the online advertising market. The ruling...

Etsy Highlights Local Sellers to Offset Impact of New Tariffs

Etsy is taking steps to help shoppers find and support local businesses as new U.S. tariffs threaten to raise the cost of imported goods....

Chagee Stock Jumps 15% in U.S. Market Debut as Tea Chain Eyes U.S. Expansion

Chagee, a rapidly expanding Chinese tea chain, saw its shares rise by 15% during its public debut on the Nasdaq under the ticker “CHA.”...

Eli Lilly’s Obesity Pill Shows Promising Results in Late-Stage Trial

Eli Lilly has announced encouraging results from the first of several late-stage trials of its daily obesity pill, orforglipron. The pill achieved the company’s...

Target Faces Backlash and Boycott Threats Over DEI Rollback

Target CEO Brian Cornell recently met with Rev. Al Sharpton in New York following criticism over the company’s decision to scale back its diversity,...

UnitedHealth Cuts Profit Forecast as Medicare Costs Surge, Sending Stock Plunging

UnitedHealth Group saw its stock drop 20% after it cut its annual profit outlook, citing a steep rise in medical costs tied to its...

IRS Loses Key Talent Amid Staffing Cuts, Jeopardizing High-Value Tax Investigations

Wesley Stanovsek was viewed as an ideal addition to the Internal Revenue Service when he joined in 2024. With Congress having recently approved $80...

American Express Sees Resilient Spending from Wealthy and Younger Cardholders

American Express reported continued strength in consumer spending during the first quarter of 2025, with a notable contribution from younger generations and its affluent...

Harvard Faces Major Financial Risk Amid Clash with Trump Administration

Harvard University is facing escalating political and financial pressure following its refusal to comply with a federal directive issued by the Trump administration. On...

Netflix Q1 2025 Results Impress, But Outlook Remains Cautious Amid Economic Uncertainty

Netflix reported impressive financial results for the first quarter of 2025, highlighting strong operational efficiency and steady revenue growth. The company posted an operating...

Netflix Q1 2025 Earnings Soar with Strong Revenue and Ad Growth

Netflix delivered a strong performance in the first quarter of 2025, posting earnings and revenue figures that exceeded market expectations. The company reported a...

Lyft Acquires Free Now for $199 Million to Expand into Europe

U.S. ride-hailing company Lyft revealed plans to acquire European taxi app Free Now for 175 million euros ($199 million) in a move that will...

Tech Stocks Tumble as Tariff Fears Hit Chipmakers and AI Growth

Technology stocks saw a sharp decline on Wednesday, led by a 7% drop in Nvidia shares, as mounting concerns over U.S. export restrictions and...

AMD Faces $800 Million Hit from U.S. Export Restrictions on AI Chips

Shares of Advanced Micro Devices fell over 7% on Wednesday following a regulatory filing revealing potential charges of up to $800 million due to...

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