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

Microsoft Stock Drops Despite Strong Q1 Earnings Amid Soft Q2 Outlook

Microsoft posted better-than-expected first-quarter earnings, but its stock saw its steepest drop in two years as investors reacted to a cautious outlook for the...

Amazon’s AWS Revenue Rises 19% in Q3, Driven by AI Demand Despite Slight Miss on Estimates

Amazon reported a 19% year-over-year increase in revenue for its cloud division, Amazon Web Services (AWS), in the third quarter, totaling $27.45 billion, slightly...

Apple’s Services Division Reaches $100 Billion Milestone, Continues to Fuel Growth

Apple’s services division, now the company’s second-largest revenue source after the iPhone, has reached an impressive $100 billion annual run rate. In its latest...

Peloton Appoints Former Ford Exec Peter Stern as New CEO to Boost Subscription Growth

Peloton announced on Thursday that Peter Stern, an executive from Ford and a co-founder of Apple Fitness+, will step in as its new CEO...

Ford Pauses F-150 Lightning Production Amidst EV Market Challenges

Ford Motor Company has announced a temporary halt in the production of its all-electric F-150 Lightning, set to begin on November 18 and extend...

Starbucks CEO Unveils Strategy to Enhance Speed, Simplicity, and Customer Experience

Starbucks CEO Brian Niccol has outlined a comprehensive strategy to revitalize the coffee chain’s U.S. business as it navigates three straight quarters of declining...

Comcast Explores Spinoff of Cable Networks Amid Industry Shifts

Comcast is exploring the possibility of separating its cable networks, including Bravo, E!, Syfy, USA Network, MSNBC, and CNBC, into a new entity, according...

Governor Newsom Proposes $750 Million Annual Tax Credit for California Film Industry

California Governor Gavin Newsom has proposed a significant increase in funding for the state’s film and television tax credit program, aiming to boost production...

Universal Music and SoundLabs Release AI-Produced Spanish Version of Brenda Lee’s Holiday Classic

On Friday, Universal Music Group (UMG) released "Noche Buena y Navidad," a Spanish rendition of Brenda Lee's iconic 1958 holiday song "Rockin' Around the...

HKSTP Takes 25 Start-Ups to Saudi Arabia to Boost Innovation Ties at FII Forum

Hong Kong Science and Technology Parks Corporation (HKSTP) is launching its largest overseas delegation by bringing 25 Hong Kong-based start-ups to the Future Investment...

Hong Kong Introduces First AI Guidelines for Financial Services at FinTech Week

Hong Kong has introduced its first set of guidelines for the responsible use of artificial intelligence (AI) within the financial sector during the annual...

Waymo Secures $5.6 Billion in Series C Funding to Expand Robotaxi Service

Waymo, Alphabet’s autonomous driving venture, has closed a substantial $5.6 billion Series C funding round to expand its robotaxi service, currently available in Los...

Oppo and BYD Partner to Integrate Smartphones with Smart Cars, Expanding AI Capabilities

Chinese smartphone leader Oppo has entered into a strategic partnership with electric vehicle (EV) manufacturer BYD to enhance the interoperability between advanced smartphones and...

WeRide Files for $119.4 Million Nasdaq IPO Alongside $320.5 Million Private Placement

Chinese self-driving start-up WeRide has filed for an initial public offering (IPO) on Nasdaq, aiming to raise up to US$119.4 million, according to a...

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