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

Apple’s New iPhone to Feature A18 Chip Built on Arm’s Latest V9 Design

Apple’s upcoming iPhone, set to be unveiled on September 9, will feature the highly anticipated A18 chip, developed using Arm’s latest V9 chip design....

China Criticizes Dutch Decision to Expand Export Controls on ASML Chipmaking Equipment

China has expressed dissatisfaction with the Dutch government's decision to expand export controls on advanced chipmaking equipment produced by ASML, one of the world’s...

Elon Musk Denies Report of xAI and Tesla Revenue-Sharing Deal for AI Technology

Elon Musk has denied reports suggesting that his AI startup, xAI, held talks with Tesla regarding a revenue-sharing arrangement. According to a recent report,...

U.S. Airlines Slow Hiring Amid Rising Costs and Market Challenges

After a massive hiring spree that added nearly 194,000 jobs since 2021, U.S. airlines are now cooling their recruitment efforts. The industry, which faced...

Boeing’s Starliner Returns to Earth After Extended Test Flight Without Astronauts

Boeing’s Starliner spacecraft successfully returned to Earth after months at the International Space Station (ISS), but without the two astronauts it delivered to orbit...

U.S. Housing Supply Rises as Home Prices See Decline in August

The supply of homes for sale in the U.S. remains historically low but is rising rapidly. In August, active home listings increased by 36%...

Starboard Value Pushes to Dissolve News Corp’s Dual-Class Share Structure

Activist investor Starboard Value has made a move to challenge the dual-class share structure of News Corp, a structure that has long enabled the...

The Green Bay Packers: The Only Publicly Owned NFL Team with a Unique Ownership Structure

The Green Bay Packers, valued at $6.3 billion, are the only publicly owned team in the National Football League and one of the most...

Kansas City Chiefs Worth Less Than NFL Teams With Longest Playoff Droughts

The Kansas City Chiefs, winners of three of the last five Super Bowls, are surprisingly only the 18th most valuable NFL team, valued at...

Electric Pickup Trucks: The $100K+ Market Revolution in the U.S.

Tesla, General Motors, Rivian, and Ford have transformed the U.S. automotive industry with a new class of electric pickup trucks priced at $100,000 or...

Automakers Boost Ad Spending During NFL Season to Reach Millions of Viewers

After a slowdown in recent years, automakers are ramping up their ad spending during the NFL season. Brands like Toyota, Hyundai, and Detroit automakers...

Chow Tai Fook Appoints Former Loewe Executive to Lead Global Expansion

Chow Tai Fook Jewellery Group, controlled by the family of Hong Kong tycoon Henry Cheng, has appointed Gabriela Ferreira, formerly of LVMH’s Loewe, to...

Hong Kong Banks Offer Cash Rebates on Mortgages Amid Anticipated Rate Cuts

Major commercial banks in Hong Kong are now offering cash rebates on mortgage financing, sparking competition among lenders to attract homebuyers as the Federal...

Ant Group Launches AI-Powered Zhixiaobao App as Virtual Assistant for Daily Tasks

Chinese fintech giant Ant Group has introduced a new artificial intelligence (AI) app called Zhixiaobao, designed to function as a virtual assistant for daily...

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