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

Netflix Secures Exclusive Rights to FIFA Women’s World Cup for 2027 and 2031

Netflix announced on Friday that it has secured exclusive U.S. streaming rights for the FIFA Women’s World Cup in 2027 and 2031. This marks...

Party City Announces Nationwide Store Closures and Corporate Layoffs

Party City announced on Friday that it will close all its stores nationwide and begin corporate layoffs effective immediately. CEO Barry Litwin informed employees...

FDA Approves Zepbound for Obstructive Sleep Apnea Treatment

The Food and Drug Administration (FDA) has approved Eli Lilly’s Zepbound, a once-weekly injectable drug, for treating moderate-to-severe obstructive sleep apnea (OSA) in patients...

Sweetgreen Debuts Robotic Kitchens for Faster, Fresher Salads

Sweetgreen, a California-based restaurant chain, has unveiled its latest innovation, the Infinite Kitchen, at its Willis Tower location in Chicago. This automated system revolutionizes...

Waymo to Begin Autonomous Vehicle Testing in Tokyo in 2025

Waymo, Alphabet’s autonomous vehicle unit, announced plans to begin testing its self-driving cars in Tokyo in early 2025, marking its first international expansion and...

Temu Tops U.S. App Charts Again Amid Rising Trade Tensions

Temu, the e-commerce platform owned by China’s PDD Holdings, topped Apple’s list of the most downloaded free apps on the U.S. iOS store for...

Airlines Expand Premium Seating as Demand for First Class Surges

The travel landscape is shifting as airlines see unprecedented demand for premium seating, with passengers more willing than ever to pay for comfort at...

General Motors Ends Cruise Robotaxi Operations to Refocus on Core Business

General Motors (GM) has announced the shutdown of its Cruise robotaxi operations, marking a strategic shift toward its core automotive business and adjacent opportunities....

Unrivaled Women’s Basketball League Secures $28 Million Ahead of Inaugural Season

Startup basketball league Unrivaled announced on Monday the completion of its Series A funding round, securing $28 million ahead of its inaugural season. “Our players...

Hong Kong May Pioneer New Eye Drop Treatment for Diabetic Macular Edema

Hong Kong may soon become one of the first regions to benefit from a groundbreaking eye drop treatment for diabetic macular edema (DME), a...

Apple to Launch In-House Wireless Chips by 2025

Apple is advancing its strategy to develop in-house components by creating its own Bluetooth and Wi-Fi chip, code-named Proxima, set to debut in 2025....

Nio Challenges Foreign Luxury Carmakers with ET9 Electric Sedan

Chinese electric vehicle (EV) manufacturer Nio has launched its latest luxury sedan, the ET9, aimed at competing with premium models like BMW’s 7 Series...

China’s Gaming Industry Hits Record $44.8 Billion in 2024

China’s video gaming industry achieved record sales of 325.8 billion yuan ($44.8 billion) in 2024, marking a 7.53% growth from the previous year, according...

China Ramps Up Robotics Innovation with Ambitious Policies

Local governments across China are implementing policies to boost robotics innovation and deployment, particularly humanoid robots, as national policymakers emphasize future industries during the...

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