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

General Motors Lays Off Over 1,000 Employees in Software Division Amid Operational Streamlining

General Motors (GM) is laying off more than 1,000 salaried employees globally within its Software and Services division as part of a strategic effort...

Boeing Pauses 777X Flight Tests Due to Structural Damage Discovery

Boeing announced on Monday that it has temporarily halted flight tests of its 777X aircraft after discovering structural damage in one of the wide-body...

Alaska Airlines and Hawaiian Airlines Merger Clears U.S. Justice Department Hurdle

Alaska Airlines announced that its $1.9 billion merger with Hawaiian Airlines has passed a significant regulatory hurdle, as the U.S. Justice Department's antitrust review...

Lowe’s Lowers Full-Year Forecast Amid Declining Sales and Consumer Hesitancy

Lowe’s has revised its full-year forecast downward after reporting a decline in quarterly sales, citing concerns about weaker home improvement spending for the remainder...

Eli Lilly’s Weight Loss Drug Tirzepatide Significantly Reduces Type 2 Diabetes Risk

Eli Lilly’s weight loss drug tirzepatide, the active ingredient in Zepbound and Mounjaro, has shown remarkable effectiveness in reducing the risk of developing Type...

GMC Aims to Lead U.S. Electric Truck Sales with New Sierra EV Launch

General Motors' premium brand, GMC, is making a bold move to dominate the U.S. electric truck market with the launch of its new electric...

Mynaric Slashes Revenue Forecast and CFO Departs Amid Production Challenges

Space technology company Mynaric experienced a sharp decline in its stock value after announcing significant cuts to its 2024 revenue forecast and the departure...

Beyoncé Launches SirDavis Whiskey Line in Collaboration with LVMH’s Moët Hennessy

Beyoncé is making waves in the luxury spirits industry with the launch of her new whiskey line, SirDavis, in collaboration with LVMH’s Moët Hennessy....

Harley-Davidson Scales Back Diversity, Equity, and Inclusion Efforts Amid Social Media Backlash

Harley-Davidson announced a significant shift in its corporate policy, stating that it is scaling back its diversity, equity, and inclusion (DEI) initiatives. In a...

Shein Sues Rival Temu for Alleged Design Theft and Counterfeiting

Shein, the fast-fashion giant, has filed a lawsuit against its rival, Temu, accusing the company of stealing designs and building its business on counterfeiting,...

Target’s Quarterly Earnings: Wall Street’s Expectations Amid Retail Challenges

Target is preparing to report its quarterly earnings as the retailer attempts to rebound from a prolonged period of declining sales and profits. According...

Petrobras to Partner in Bid for 40% Stake in Galp Energia’s Mopane Oil Prospect in Namibia

Brazilian oil giant Petrobras is seeking at least one partner in its bid to acquire a 40% stake in Galp Energia's Mopane oil prospect...

Character.AI Partners with Google for Non-Exclusive License Agreement

Startup Character.AI has entered into a non-exclusive license agreement with Alphabet's Google, allowing the tech giant to utilize Character.AI's large language model technology. This...

Recession Fears Fuel Bond Rally as Rate Cut Expectations Surge

A sharp reassessment of U.S. interest rate cut expectations is intensifying an already robust bond rally, driven by recent weakening economic data. Investors are...

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