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

Spotify Recovers After Major Outage as User Frustrations Surge

Spotify experienced a widespread service disruption on Wednesday morning, with around 50,000 users reporting issues through Downdetector. The outage began at approximately 6:20 a.m....

Temu Slashes U.S. Ad Spend Amid Tariffs as App Store Ranking Plummets

Temu, the Chinese online retailer known for its aggressive marketing and ultra-low prices, has drastically reduced its online advertising spend in the U.S., leading...

Heineken Raises Concerns Over Tariffs Despite Strong Revenue Growth

Heineken has shifted its outlook on U.S. tariffs, signaling rising concern over potential disruptions to its operations and future investments. Earlier this year, the...

U.S. Auto Inventory Shrinks as Tariff Concerns Fuel Surge in Vehicle Sales

Vehicle inventory levels in the U.S. are declining sharply as consumers rush to purchase cars and trucks ahead of potential price hikes caused by...

JPMorgan Chase Targets Customers in State Courts Over “Infinite Money” Glitch

JPMorgan Chase has escalated its legal campaign against individuals who exploited the 2024 “infinite money glitch,” a viral incident that enabled customers to access...

Proposed SNAP Cuts Threaten Low-Income Households and Retailers

The proposed reductions to the Supplemental Nutrition Assistance Program (SNAP), formerly known as food stamps, could significantly affect both low-income families and the retail...

Nissan Aims to Maximize U.S. Production Amid Auto Tariffs

Nissan Motor’s new leader for the Americas, Christian Meunier, has outlined a clear ambition to significantly increase vehicle production in the United States, particularly...

Airlines Cut Outlook Amid Economic Uncertainty and Weaker Travel Demand

Airline executives are becoming increasingly cautious as signs of a slowing U.S. economy and softer travel demand emerge. Delta Air Lines and Frontier Airlines...

Pfizer Discontinues Weight Loss Pill Development After Liver Injury in Trial

Pfizer announced on Monday that it would end the development of its experimental weight loss pill, danuglipron, after a patient in a clinical trial...

Goldman Sachs Beats Q1 Estimates with Strong Equities Trading Revenue

Goldman Sachs reported strong first-quarter results on Monday, surpassing analysts’ expectations thanks to a significant increase in equities trading revenue. The company posted earnings...

Trump’s Support for Automakers Boosts Stock Prices Amid Auto Tariffs

Shares of major automakers closed higher on Monday following comments from President Donald Trump, who expressed support for the industry in the wake of...

American Airlines to Offer Free Wi-Fi for Loyalty Members Starting in January

American Airlines has announced plans to provide free Wi-Fi to its AAdvantage loyalty program members starting in January. This move follows a growing trend...

Citigroup Reports Strong Q1 Performance with Higher Revenue and Profit

Citigroup reported stronger-than-expected results for the first quarter, posting earnings of $1.96 per share, beating analysts’ expectations of $1.85. The bank’s revenue reached $21.60...

Epic Universe Set to Transform Orlando’s Tourism and Economy

Epic developments are on the horizon for Orlando, as Universal prepares to open its newest theme park—Epic Universe—on May 22. This will mark the...

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