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

Airlines Increasing Flights Over Afghanistan Amid Middle East Conflict

Several major airlines, including Singapore Airlines, British Airways, and Lufthansa, have significantly increased their flights over Afghanistan, deeming it a safer route amid the...

U.S. Postal Service Plans $30 Billion Savings with Operational Changes

The U.S. Postal Service (USPS) announced plans to implement a series of changes designed to save the agency an estimated $30 billion over the...

Chinese Entities Use U.S. Cloud Services to Access Advanced AI Chips and Technology

Chinese state-linked entities are leveraging cloud services provided by Amazon and other U.S. tech giants to gain access to advanced AI chips and technologies...

Fed Chair Jerome Powell to Address Economic Outlook at Jackson Hole Amid Anticipated Rate Cuts

U.S. economic indicators are paving the way for the Federal Reserve to begin cutting interest rates, with financial markets aligned for the first move....

NWSL and Players Association Abolish Draft, Introduce Full Free Agency in Historic Agreement

In a groundbreaking move for professional sports in the United States, the National Women’s Soccer League (NWSL) and the NWSL Players Association have agreed...

Walmart+ Partners with Burger King to Offer Exclusive Discounts and Free Whoppers

Walmart has unveiled a new partnership with fast-food giant Burger King, offering Walmart+ members significant savings on their favorite flame-grilled meals. Starting in September,...

Peloton Introduces $95 Activation Fee for Used Equipment as Secondary Market Grows

Peloton has announced the implementation of a one-time $95 activation fee for new subscribers who purchase its fitness equipment through secondary markets such as...

Peloton Narrowly Returns to Revenue Growth, Cuts Losses Significantly

Peloton announced a modest return to revenue growth in its fiscal fourth quarter, marking the first year-over-year sales increase in nine quarters. The connected...

FDA Approves Updated Covid Vaccines from Pfizer and Moderna Amid Summer Surge

The Food and Drug Administration (FDA) has approved updated Covid vaccines from Pfizer and Moderna, setting the stage for their distribution across the United...

Cava Raises Full-Year Outlook as Strong Traffic Boosts Earnings

Cava, the Mediterranean restaurant chain, has significantly raised its full-year outlook following a robust fiscal second quarter, where strong restaurant traffic fueled better-than-expected earnings...

Walmart Sells Entire Stake in JD.com to Focus on China Operations and Sam’s Club

Walmart, the largest shareholder of Chinese e-commerce giant JD.com, has sold its entire stake in the company, according to a source familiar with the...

Google Faces Revived Lawsuit Over Chrome Data Collection Without User Consent

A U.S. appeals court has ruled that Google must face a revived lawsuit brought by Google Chrome users who allege that the company collected...

Federal Judge Blocks FTC Ban on Noncompete Agreements from Taking Effect

A federal judge in Texas has blocked a U.S. Federal Trade Commission (FTC) rule that sought to ban noncompete agreements, which are commonly signed...

California Governor Signs 10 Bills to Combat Retail Crime and Organized Theft

California Governor Gavin Newsom has signed into law a package of 10 new bills designed to combat rising retail crime in the state. Announced...

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