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

Beauty Stocks Struggle as E.l.f. and Estee Lauder Report Disappointing Earnings

Beauty stocks experienced sharp declines this week as major companies reported underwhelming earnings and revised their sales outlooks downward. E.l.f. Beauty suffered its worst...

Super Bowl Ads Remain a Prime Investment for Brands Despite High Costs

Brands are investing heavily in Super Bowl 59 advertising, with commercial spots costing up to $8 million. Despite the steep price, industry experts argue...

ByteDance Unveils AI Model OmniHuman-1 for Realistic Video Generation

ByteDance, the technology powerhouse behind TikTok, has unveiled an advanced artificial intelligence (AI) model that is generating widespread attention for its ability to create...

Shein Lowers Valuation to $50 Billion for Potential London IPO

Online fast-fashion retailer Shein is preparing for a London stock market listing at a significantly reduced valuation of approximately $50 billion, nearly 25% lower...

Porsche Shares Drop 7% Amid Profit Warning and EV Market Challenges

Porsche AG’s shares fell 7% on Friday, marking the biggest drop among European companies and its worst trading day since going public. The sharp...

Stellantis Expands AI Partnership with Mistral to Enhance Industry Data Analysis

Stellantis, the world’s fourth-largest automaker, has announced an expansion of its strategic partnership with French artificial intelligence (AI) firm Mistral. This collaboration aims to...

Henkel Sells North American Retailer Brands Business to First Quality Enterprises

Henkel, the German consumer goods giant, has announced the sale of its North American retailer brands business to an affiliate of First Quality Enterprises,...

Legal & General Sells U.S. Protection Business to Meiji Yasuda for $2.3 Billion

Legal & General (L&G), the British life insurance company, has announced the sale of its U.S. protection business to Japan’s Meiji Yasuda for $2.3...

Gaw Capital and Patience Capital Acquire Tokyu Plaza Ginza in $1 Billion Deal

Real estate private equity firm Gaw Capital, in partnership with Singapore-based Patience Capital Group, has finalized the acquisition of Tokyu Plaza Ginza, a premier...

Saab Projects Strong Sales Growth as Global Defense Demand Rises

Swedish defense company Saab has projected organic sales growth of 12% to 16% for 2025, reflecting sustained demand for its defense equipment amid rising...

UK Low-Income Shoppers Struggle Amid Inflation and Weak Economy

In Southampton, England, shoppers like Deb Taylor and Antonia Alden are feeling the pressure of rising prices. Taylor, a 63-year-old cleaner, left a Primark...

Tesla Raises Model X Prices in the U.S. by $5,000 Amid Cost-Cutting Efforts

Tesla has raised the prices of its Model X vehicles in the United States by $5,000, according to an update on its official website....

DeepSeek’s AI Success Fuels Renewed Investor Confidence in Chinese Tech Stocks

The rapid rise of Chinese AI start-up DeepSeek is prompting investors to reassess the valuation of China’s technology sector, which has long traded at...

ClouDr Shares Rise as AI Integration Enhances Digital Healthcare Services

Shares of Chinese digital healthcare company ClouDr Group rose for a second consecutive day following the announcement of its integration with DeepSeek’s artificial intelligence...

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