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

AMD Shares Drop 6% Amid Disappointing Data Center Revenue

Advanced Micro Devices (AMD) saw its stock drop 6.3%, closing at $112.01, its lowest level since November 2023, after reporting data center revenue that...

Qualcomm Reports Strong Q1 Earnings and Positive 2025 Outlook

Qualcomm posted better-than-expected fiscal Q1 results, with strong revenue growth across its key markets. The company reported $3.41 in adjusted earnings per share, surpassing...

Salesforce Appoints Robin Washington as President, CFO, and COO

Salesforce has named Robin Washington as its new President, Chief Financial Officer, and Chief Operating Officer, effective March. Washington, a longtime board member and...

Disney Reports Strong Q1 Earnings Amid Streaming and Theme Park Challenges

Disney reported better-than-expected Q1 earnings, despite a slight decline in Disney+ subscribers. The streaming platform saw a 1% drop in total subscriptions, with international...

Immersive Sports Tech Company Cosm Expands with Global Ambitions

Cosm, an immersive sports-viewing technology company, is rapidly expanding across the U.S. and exploring international opportunities. The company has already built two dome venues...

Novo Nordisk Reports Strong Q4 Results and Optimistic 2025 Outlook

Novo Nordisk has faced challenges in recent months, including increased competition from Eli Lilly’s Zepbound and disappointing trial results for its obesity drug candidate...

Ford Reports Strong Q4 Earnings but Warns of Challenges Ahead in 2025

Ford Motor exceeded Wall Street expectations for the fourth quarter, reporting strong revenue and earnings. However, the company warned of a challenging year ahead...

LVMH Sees Watch and Jewelry Sales Rebound Amid Strong U.S. Demand

After a period of decline, LVMH’s watch and jewelry division experienced a rebound in sales during the latest quarter, with growth continuing into January....

Shein Boosts Product Safety Efforts as It Eyes London IPO

Shein is intensifying its efforts to improve its public image as the fast-fashion giant prepares for a potential London IPO later this year. In...

UPS Shares Drop 14% as Company Cuts Amazon Deliveries and Lowers Revenue Forecast

United Parcel Service (UPS) shares fell 14% after the company announced plans to reduce its Amazon delivery volume by more than half by the...

OpenAI in Talks to Raise $40 Billion, Valuation Could Hit $340 Billion

OpenAI is in discussions to raise up to $40 billion in a new funding round that could push its valuation to as high as...

Intel Reports Strong Q4 Earnings Despite Revenue Decline and AI Challenges

Intel reported better-than-expected earnings and revenue for the fourth quarter, but its outlook disappointed investors. Despite a 7% year-over-year revenue decline, the company exceeded...

Apple’s Soaring Profit Margins Driven by Growing Services Business

Apple’s latest earnings report highlights a shift in its growth strategy, with record-high profit margins driven by the expansion of its services business. In...

Instagram Tests Pause Feature for Reels Amid Growing Competition

Meta is testing a new pause feature for Instagram Reels, allowing users to start and stop videos with just one tap. The update brings...

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