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

Xiaohongshu Prepares for Hong Kong IPO Amid Surging Profits

Social media platform Xiaohongshu, known as “Little Red Book,” is preparing for an initial public offering (IPO) in Hong Kong as its profitability surges,...

China Forms AI Standardization Committee with Leading Tech Firms

China’s Ministry of Industry and Information Technology (MIIT) has announced the formation of an “AI Standardization Technology Committee,” which will spearhead the development and...

ByteDance Focuses on Generative AI and Video Tools in Strategic Expansion

ByteDance, the parent company of TikTok and Douyin, is increasing its investments in generative artificial intelligence (GenAI) technologies, with a particular focus on video-generation...

Ex-OpenAI Engineer Launches Light Robotics with Offices in Singapore and China

Roger Jiang, a former engineer at OpenAI, has launched a new robotics company named Light Robotics, with headquarters in Singapore and Shenzhen. Established in...

Airlines Ramp Up Premium Seating to Meet Soaring Demand

Since the pandemic, airline passengers have demonstrated a growing willingness to pay for more spacious seating at the front of the cabin, resulting in...

Tesla Increases Model S Prices in the U.S.

Tesla has increased the prices of its Model S cars in the United States by $5,000, according to the company's website. The adjustment applies...

Winners and Losers in the Restaurant Industry: A Look at 2024 Trends

The restaurant industry in 2024 saw a clear divide between winners and losers as consumers, grappling with rising prices, became more selective about dining...

Waymo Expands Self-Driving Service in Los Angeles, Removes Waitlist

Waymo, the autonomous vehicle arm of Alphabet, has removed the waitlist for its self-driving service in Los Angeles, marking a major milestone in the...

Spotify Q4 Guidance Exceeds Expectations, Shares Rise

Spotify's shares saw a significant boost in extended trading on Tuesday, rising approximately 8% following the company's better-than-expected guidance for the fourth quarter, despite...

Unbabel Launches AI-Driven Translation Service, Widn.AI

Unbabel has introduced Widn.AI, a new AI-driven translation service, marking a significant step in the company's evolution and challenging a competitive field. The service...

Japan Unveils $65 Billion Plan to Revitalize Semiconductor Industry

Japan has unveiled a comprehensive plan to revitalize its semiconductor and artificial intelligence sectors, investing over 10 trillion yen ($65 billion) by fiscal 2030....

Volkswagen Increases Investment in Rivian JV to $5.8 Billion, New Models Coming in 2027

Volkswagen Group has increased its investment in its joint venture with electric vehicle maker Rivian Automotive, bringing the total investment to $5.8 billion, up...

Rocket Lab Shares Surge Following Strong Q3 Results and Neutron Launch Deal

Rocket Lab's shares saw a significant jump in after-hours trading after the company released its third-quarter financial results and revealed a major milestone with...

Bitcoin Hits Record High as Pro-Crypto Election Results Fuel Market Optimism

Bitcoin surged to an all-time high near $81,000, driven by growing investor optimism following a U.S. election that saw numerous pro-crypto candidates secure wins....

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