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

23andMe Faces Buyout Offer from CEO Anne Wojcicki and New Mountain Capital

23andMe’s CEO, Anne Wojcicki, alongside New Mountain Capital, has submitted a proposal to take the struggling genetic testing company private. According to a recent...

Block, Affirm, and PayPal Expand Fintech Horizons Amid Growing Competition

Block, Affirm, and PayPal, three fintech pioneers from different eras of Silicon Valley, are now converging in their ambition to become comprehensive digital banking...

Yankees End 50-Year Facial Hair Ban, Players Can Now Grow Beards

For the first time in nearly half a century, the New York Yankees have lifted their long-standing ban on facial hair, allowing players to...

Novo Nordisk Resolves U.S. Shortage of Wegovy and Ozempic, Impacting Compounded Versions

The long-standing shortage of Novo Nordisk's weight loss medication Wegovy and diabetes treatment Ozempic in the U.S. has finally come to an end, according...

IMAX Targets $1.2 Billion Year with Strong Film Slate and Global Success

IMAX is on track for a potential $1.2 billion year, according to CEO Rich Gelfond. This would represent the company’s best box office performance,...

UnitedHealthcare Faces Investigation and Financial Struggles Amid Controversies

UnitedHealthcare is facing mounting challenges as it deals with a government investigation into its Medicare billing practices, pursues employee buyouts, and faces public criticism...

Bluebird Bio Sells to Carlyle and SK Capital for $30 Million

Bluebird Bio has agreed to sell itself to private equity firms Carlyle and SK Capital for approximately $30 million, signaling the end of its...

Geely’s Galaxy and Xpeng’s Mona 03 Challenge Tesla in China’s EV Market

Two electric vehicle models, designed for middle-income consumers in China, are emerging as Tesla’s strongest competitors, with more budget-friendly prices attracting cost-conscious buyers. Geely...

DeepSeek’s AI Breakthrough Shakes Global Markets

In 2022, under the pseudonym “an ordinary little pig,” the founder of AI start-up DeepSeek quietly donated 138 million yuan (US$19 million) to Chinese...

China’s Crystal Industry Faces Challenges Amid Economic Slowdown

Crystals, long believed to possess healing and fortune-enhancing properties, have captivated consumers worldwide. Social media platforms like TikTok have fueled the trend, with millions...

Doximity Shares Surge 36% Following Strong Quarterly Earnings

Doximity shares experienced a significant surge of 36% following the release of its fiscal third-quarter earnings, which outperformed Wall Street’s expectations. The digital platform...

Anduril Secures Funding at $28 Billion Valuation, Doubling in Value

Anduril, the defense technology company founded by Palmer Luckey, has secured a term sheet to raise capital at a valuation of $28 billion. The...

AEW to Remain a Private Family Business, Says Founder Tony Khan

All Elite Wrestling (AEW) founder Tony Khan has confirmed that the wrestling league will remain a privately held company, with no plans to go...

Ferrari-Inspired Casa Maranello Sells for $50.5M in Record-Breaking Florida Deal

A Ferrari-inspired mansion, Casa Maranello, has set a new real estate record in Delray Beach, Florida, with a $50.5 million sale. The lavish transaction...

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