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

Ford Leads Decline in U.S. Automotive Stocks Amid Disappointing Earnings

Ford Motor Company is leading a significant decline in major U.S. automotive stocks this week following disappointing earnings results and growing investor skepticism regarding...

Boeing’s Starliner Mission Extended: NASA and Boeing Address Issues Before Return

Boeing’s crew spacecraft, Starliner, will stay docked with the International Space Station (ISS) into August, NASA confirmed on Thursday. The mission, which is currently...

Deadpool & Wolverine Set to Break Box Office Records with R-Rated Marvel Cinematic Universe Debut

The “Merc with a Mouth” returns to the big screen this weekend, bringing an R-rating to Disney’s Marvel Cinematic Universe. "Deadpool & Wolverine," the...

General Motors Unveils 2025 Chevy Corvette ZR1: Most Powerful Corvette Yet

General Motors’ latest Chevrolet Corvette will be the most powerful version of the iconic American sports car ever produced. The 2025 Chevy Corvette ZR1...

LVMH Becomes First Luxury Brand to Sponsor the Olympics

For the first time, a luxury brand has become an official Olympic sponsor, and it's none other than the extensive empire of LVMH. "We...

Bristol Myers Squibb Q2 Earnings Exceed Expectations, Raises 2024 Guidance

Bristol Myers Squibb reported impressive second-quarter earnings and revenue, surpassing Wall Street expectations and leading to an increase in its full-year guidance. The pharmaceutical...

Regulatory Concerns and Market Dynamics Shape Future of Media Mergers

Comcast CEO Brian Roberts recently conveyed a clear message to Warner Bros. Discovery CEO David Zaslav: acquisitions are not on his agenda. During Comcast’s...

Paris Olympics: A Golden Opportunity for Peacock to Shine

The Paris Olympics present a significant opportunity for Comcast to elevate its streaming platform, Peacock, aiming not only to attract more subscribers but also...

Samsung’s HBM3 Chips Cleared for Nvidia’s China-Focused GPUs

Samsung Electronics' fourth-generation high bandwidth memory (HBM3) chips have been approved by Nvidia for use in its processors for the first time, according to...

LG Energy Solution Explores Chinese Partnerships for Low-Cost EV Batteries in Europe

South Korea's LG Energy Solution (LGES) is negotiating with three Chinese suppliers to produce cost-effective electric vehicle (EV) batteries for the European market. This...

Elon Musk Polls Social Media on $5 Billion Tesla Investment in AI Startup xAI

Tesla CEO Elon Musk recently launched a poll on social media platform X to gauge user opinion on whether the electric carmaker should invest...

European Markets Brace for Volatility Amid Earnings Reports and Economic Data

A sales miss by luxury giant LVMH, attributed to restrained spending by Chinese shoppers, coupled with disappointing results from major U.S. tech firms Tesla...

UPS Lowers 2024 Revenue Forecast Amid Q2 Earnings Miss and Volume Shifts

United Parcel Service (UPS) reported lower-than-expected profit and revenue for the second quarter and adjusted its 2024 revenue guidance. The company's stock fell 12%,...

Coca-Cola Raises 2024 Outlook Amid Rising Global Demand

Coca-Cola announced on Tuesday an upward revision to its full-year outlook for 2024, driven by increased global demand in the second quarter. The beverage...

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