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

Michael Jordan and Kobe Bryant Rookie Jerseys to Fetch $20 Million at Auction

Sotheby’s is set to auction rare memorabilia from two of the NBA’s greatest players, Michael Jordan and Kobe Bryant, with their rookie jerseys expected...

Macy’s Mixed Results: Turnaround Efforts Show Signs of Progress

Macy's reported mixed results for the latest quarter, as investors remain cautious about the effectiveness of CEO Tony Spring's turnaround efforts, which are being...

WTA and Saudi Investment Fund Launch Maternity Benefits Program for Tennis Players

Big changes are on the horizon for women’s tennis with the launch of a new initiative aimed at providing maternity and family planning benefits...

Costco Reports Earnings Miss but Revenue Beat in Q2 with Strong Sales Growth

Costco reported its second-quarter earnings on Thursday, missing earnings expectations but surpassing revenue estimates. Despite a slight decline of over 1% in its stock...

Gap Posts Strong Results in Fourth Quarter with Surprising Growth

Gap exceeded expectations in its fiscal fourth quarter, marking another strong performance under CEO Richard Dickson, driving a 17% increase in its share price....

Walgreens to Go Private in $10 Billion Deal with Sycamore Partners

Struggling drugstore chain Walgreens has reached a deal to go private, with private equity firm Sycamore Partners agreeing to acquire the company for an...

FAA Halts Florida Flights After SpaceX Starship Test Failure

On Thursday night, the Federal Aviation Administration (FAA) temporarily halted flights to several Florida airports following a SpaceX Starship testing failure. This marks the...

How Sonic the Hedgehog’s Redesign Saved a Billion-Dollar Franchise

Sonic the Hedgehog’s film franchise faced a major crisis in 2019 when Paramount released an early trailer that was met with overwhelming backlash. Fans...

ECL’s Hydrogen-Powered Data Centers Aim to Revolutionize AI Infrastructure

Yuval Bachar, a data center expert with experience at Meta, Microsoft, and Cisco, is now tackling the challenge of reducing carbon emissions in Silicon...

SEC Closes Investigation Into Robinhood’s Crypto Operations

Robinhood announced that the U.S. Securities and Exchange Commission (SEC) has officially closed its investigation into the company's crypto operations, with no intention of...

PayPal Unveils PayPal Open to Revolutionize Business Payments

Frank Keller, executive vice president of PayPal’s enterprise merchant group, is spearheading a transformative moment for the company with the launch of PayPal Open....

Bybit Restores Reserves After Historic $1.5 Billion Crypto Hack

Bybit has swiftly replenished its reserves after suffering a $1.5 billion hack, marking the largest security breach in the history of the cryptocurrency industry....

How AI Is Revolutionizing Mineral Discovery for Clean Energy

With the rapid expansion of the clean energy economy, the search for critical minerals and metals is becoming increasingly vital. These resources are essential...

Bybit Suffers $1.5 Billion Hack in Largest Crypto Heist Ever

Bybit, a leading cryptocurrency exchange, has fallen victim to a massive security breach, resulting in the theft of approximately $1.5 billion in digital assets....

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