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

Weak U.S. Employment Report Spurs Fears of Recession, Prompts Aggressive Fed Rate Cut Predictions

A surprisingly weak U.S. employment report for July has shifted Wall Street's confidence in a soft economic landing to near panic over an impending...

AMC Entertainment Reports Q2 Loss Amidst Lingering Impact of Hollywood Strikes

AMC Entertainment Holdings, the world's largest theater chain, reported a net loss for the second quarter, attributing the downturn to the prolonged impact of...

Colombia Central Bank Revises 2024 Inflation Forecast to 5.7%

Colombia's central bank technical team has adjusted its inflation outlook for the year 2024, revising the forecast to 5.7% from an earlier estimate of...

JPMorgan Considers Legal Action Against CFPB Over Zelle Inquiries

JPMorgan Chase announced on Friday that it is contemplating legal action against the Consumer Financial Protection Bureau (CFPB) due to the agency's ongoing investigations...

Fed’s Goolsbee Advocates for Steady Approach Amid Weak July Jobs Data

Chicago Federal Reserve Bank President Austan Goolsbee emphasized on Friday that the U.S. central bank should proceed cautiously and steadily, countering market expectations for...

Amazon Shares Plummet Over 12% Amid Slowdown in Online Sales Growth

Shares of Amazon.com (AMZN.O) dropped more than 12% on Friday after the company reported a deceleration in online sales growth for the second quarter...

SVB Financial Group Approved to Transfer Assets to Creditors and Conclude Bankruptcy

SVB Financial Group, the former owner of the now-defunct Silicon Valley Bank, received approval from a U.S. judge on Friday to transfer its remaining...

Hedge Funds Increase Bearish Bets Amid Concerns of U.S. Economic Slowdown

Global hedge funds have been increasingly adding bearish equity bets to their portfolios, driven by fresh data suggesting a faster-than-anticipated slowdown in the U.S....

Richmond Fed President Barkin Holds Firm on Monetary Policy Despite Weak Jobs Data

Richmond Federal Reserve President Thomas Barkin stated that he is not ready to alter his monetary policy outlook despite the unexpectedly weak U.S. jobs...

U.S. Justice Department Sues TikTok Over Children’s Privacy Violations

The U.S. Justice Department filed a lawsuit on Friday against TikTok and its parent company ByteDance for failing to protect children's privacy on the...

U.S. Unemployment Rate Rises to Near Three-Year High, Sparking Recession Fears

The U.S. unemployment rate jumped to 4.3% in July, reaching its highest level in nearly three years and fueling concerns about a potential recession....

U.S. Stocks Decline Amid Recession Fears and Weak Jobs Report

U.S. stocks experienced a significant sell-off for the second straight session on Friday, as the Nasdaq Composite entered correction territory. The downturn was triggered...

Eli Lilly’s Zepbound Shows Promise in Treating Heart Failure with Obesity

Eli Lilly’s weight loss drug Zepbound has shown significant benefits in patients with a common type of heart failure and obesity, according to late-stage...

Kohl’s Revitalizes Retail with Babies R Us Shops in Time for Fall

WOODLAND PARK, N.J. — Kohl’s is gearing up for a significant expansion by introducing Babies R Us shops within its stores nationwide, with plans...

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