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

You.com Raises $50 Million, Backed by Nvidia and DuckDuckGo, to Expand AI Search and Productivity Tools

You.com, the AI-powered search engine and productivity platform, has raised $50 million in a new funding round, bringing its total funding to $99 million....

HSBC to Issue $2.5 Billion in Convertible Securities Amid Global Bond Surge

HSBC Holdings announced plans to issue $2.5 billion in convertible securities next week, joining a global surge in investment-grade bond issuance. This move comes...

Country Garden Seeks Bond Payment Extensions Amid Plummeting Home Sales

Country Garden Holdings, one of China's largest property developers, is requesting a six-month extension on the coupon and principal payments for nine onshore bonds...

Dick’s Sporting Goods Exceeds Q2 Earnings Expectations but Falls Short on Full-Year Guidance

Dick’s Sporting Goods delivered a strong second-quarter performance, surpassing Wall Street's earnings estimates, but its revised full-year guidance left investors wary. Despite raising its...

Dollar Tree Shares Drop Over 22% After Lowering Full-Year Outlook Amid Rising Pressures

Dollar Tree’s shares dropped by more than 22% after the company cut its full-year outlook, citing growing pressures on middle- and higher-income customers, as...

Molson Coors Reverses DEI Policies Amid Broader Corporate Trend

Molson Coors has become the latest in a series of companies reversing or scaling back their diversity, equity, and inclusion (DEI) initiatives. In an...

Sports Media Rights Deals: Current Landscape and Future Prospects

In recent years, major sports leagues have secured long-term media rights deals, providing stability for both the leagues and media companies. The National Football...

European Companies Announce Major Job Cuts Amid Economic Pressures

The challenging economic environment across Europe, driven by high inflation and the ongoing conflict in Ukraine, has forced numerous companies to either freeze hiring...

European Markets Brace for Volatility Amid Global Growth Concerns and AI-Driven Tech Stock Slump

European markets are poised for a turbulent start on Wednesday, following significant losses in Asian stocks as concerns over the global growth outlook resurface....

Kamala Harris Proposes Tax Deduction for Small Businesses in New Economic Plan

Vice President Kamala Harris is set to announce a significant tax deduction proposal for small businesses, offering up to $50,000 in relief, a tenfold...

Nvidia Faces DOJ Antitrust Probe Amid Concerns Over AI Market Dominance

Nvidia, the leading player in artificial intelligence (AI) chip technology, is facing increased scrutiny from the U.S. Department of Justice (DOJ), which has deepened...

Japan’s Service Sector Sees Continued Growth in August Despite Global Economic Concerns

Japan’s service sector maintained its expansion in August, with activity bolstered by a rise in overseas sales, according to the latest survey data. The...

China’s Services Sector Growth Slows in August Amid Rising Costs and Weak Demand

Growth in China's services sector decelerated in August, despite the summer travel season, as companies faced mounting concerns over rising costs, according to a...

Global Housing Prices to Rise Modestly Amid Expectations of Lower Mortgage Rates

House prices across most major markets are expected to rise modestly in 2024 and 2025, as lower mortgage rates are anticipated to improve affordability...

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