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

Meta Unveils Quest 3S and Advances in AR Glasses at Connect Event

Meta has launched the Quest 3S, its latest virtual reality headset, at the Connect event in Menlo Park, California. Priced at $299, the Quest...

Alibaba Unveils Over 100 Open-Source AI Models and Upgrades Proprietary Technology to Compete Globally

Alibaba has announced the release of over 100 open-source artificial intelligence models, alongside significant upgrades to its proprietary technology, as it seeks to strengthen...

Amazon Unveils Amelia: AI Tool to Support Third-Party Sellers with Account Management and Data Insights

Amazon is launching a new AI tool named Amelia, designed to assist third-party sellers with managing their accounts, accessing sales data, and resolving issues...

Nio Launches Budget Brand Onvo with L60 SUV, Aims to Challenge Tesla in China and Beyond

Chinese electric vehicle manufacturer Nio has introduced its new budget brand, Onvo, with the launch of the L60 SUV. Priced as low as 149,900...

Tech Stocks Surge as Investors React to Federal Reserve Rate Cut

Investors flocked to tech stocks at one of the fastest rates this year, following the Federal Reserve's decision to cut its benchmark interest rate...

Intuitive Machines Secures $4.82 Billion NASA Contract for Lunar Satellite Constellation

Intuitive Machines' stock soared on Wednesday after NASA awarded the lunar-focused company a significant contract to build and deploy a constellation of satellites dedicated...

Darden Restaurants Reports Mixed Q1 Results; Olive Garden and Fine Dining Sales Decline

Darden Restaurants reported weaker-than-expected earnings and revenue for the first quarter, impacted by declining sales at Olive Garden and its fine dining establishments. For...

JetBlue to Launch First Airport Lounges and Premium Credit Card in Pursuit of High-Spending Travelers

JetBlue Airways is set to open its first-ever airport lounges as it aims to attract more high-spending travelers. This new venture marks a significant...

U.S. Existing Home Sales Decline in August Amid Tight Supply and High Prices

Sales of previously owned homes fell 2.5% in August compared to July, reaching a seasonally adjusted annualized rate of 3.86 million units, according to...

Disney to Phase Out Slack for Internal Communication After Data Breach

The Walt Disney Company has announced that it will discontinue the use of Slack for internal communications following a significant data breach earlier this...

Nike CEO Transition: Elliott Hill Takes Over from John Donahoe Amidst Strategic Restructuring

Nike has announced a leadership change, with CEO John Donahoe stepping down and company veteran Elliott Hill coming out of retirement to take over....

Microsoft and BlackRock Lead $100 Billion Initiative for AI Data Centers and Energy Infrastructure

Microsoft and BlackRock are leading a coalition of companies to raise up to $100 billion in a new initiative aimed at developing data centers...

Pharmaceutical Giants Invest in Radiopharmaceuticals for Cancer Treatment

Pharmaceutical companies are increasingly investing in radiopharmaceuticals, a promising technology that targets cancer cells with radioactive materials, aiming to reduce the damage to healthy...

Charter Communications Unveils “Life Unlimited” Initiative to Improve Customer Experience

Charter Communications, the parent company of Spectrum, is rolling out a series of new initiatives aimed at improving customer satisfaction and enhancing its service...

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