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

China Securities Faces Backlash After Intern Leaks Sensitive Client Information

China Securities, the sixth-largest brokerage in mainland China, is facing significant backlash after an intern leaked sensitive client information, further destabilizing the country's embattled...

Hong Kong Property Market Slows Amid Heavy Rain and Steep Discounts

Heavy rain in Hong Kong and high interest rates dampened property sales in the New Territories on Saturday, even with steep discounts offered by...

Colgate-Palmolive Raises Annual Profit and Sales Forecasts on Strong Q2 Performance

Colgate-Palmolive, the renowned toothpaste maker, announced an upward revision of its annual profit and organic sales forecasts on Friday following a robust second-quarter performance...

Bristol Myers Squibb Reports Strong Q2 Results, Boosts Full-Year Earnings Forecast

Bristol Myers Squibb posted impressive second-quarter results, driven by the strong performance of new products like the anemia treatment Reblozyl and heart drug Camzyos,...

Union Pacific Under Scrutiny for Interference in Federal Safety Audit

Union Pacific, a leading U.S. railroad company, is under investigation for allegedly interfering with a federal safety audit. This interference prompted the Federal Railroad...

Apollo Global Management Invests $700 Million in Sony Music Group for High-Grade Alternative Assets

Apollo Global Management, a major player in private equity, has made a significant investment of $700 million in the renowned record label Sony Music...

Federal Reserve Prepares for Potential Rate Cuts Amid Signs of Easing Inflation

U.S. Federal Reserve policymakers received new evidence on Friday suggesting significant progress in their ongoing battle against inflation. This development has fueled expectations that...

U.S. Investors Continue Strong Equity Fund Inflows Amid Earnings Season

U.S. investors continued their bullish stance on equity funds in the week leading up to July 24, injecting $5.7 billion into these funds despite...

3M Increases Annual Profit Forecast Amid Restructuring and High-Demand Sectors

Industrial conglomerate 3M has raised the lower end of its annual adjusted profit forecast, thanks to successful restructuring efforts and growing demand in high-tech...

LinkedIn Settles Class Action Lawsuit Over Inflated Video Ad Metrics for $6.625 Million

LinkedIn has agreed to a $6.625 million settlement to resolve a proposed class action lawsuit that accused the Microsoft-owned unit of overcharging advertisers by...

Nasdaq Leads Wall Street Gains as Tech Stocks Rebound and Inflation Data Aligns with Expectations

Wall Street’s primary indexes opened higher on Friday, with the Nasdaq Composite taking the lead as most megacap tech and chip stocks rebounded from...

U.S. Inflation Moderates in June, Raising Hopes for September Rate Cuts

U.S. prices rose modestly in June as the cost of goods fell, balancing an increase in service prices. This indicates an improving inflation landscape...

Viking Therapeutics Advances Weight Loss Injection to Late-Stage Trial, Shares Surge 28%

Shares of Viking Therapeutics surged by 28% on Thursday following the biotech company’s announcement that it will advance its experimental weight loss injection, VK2735,...

Southwest Airlines Overhauls Business Model with Assigned Seating and Extra Legroom

Southwest Airlines is set to implement the most significant changes to its business model in 53 years by introducing assigned seating and extra legroom...

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