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

GM Delays Electric Truck Plant and Buick’s First EV, Revises Production Goals

General Motors (GM) announced a six-month delay in retooling its electric truck plant in Michigan, pushing the timeline to mid-2026. This delay means GM...

New Bipartisan Bill Targets Drug Supply Chain Middlemen to Lower Prescription Costs

Bipartisan lawmakers have introduced the “Pharmacists Fight Back Act,” targeting the business practices of drug supply chain middlemen known as pharmacy benefit managers (PBMs)....

US Home Sales Drop 5.4% in June as Market Shifts to Buyers’ Favor

Sales of previously owned homes fell 5.4% in June compared to May, totaling 3.89 million units on a seasonally adjusted, annualized basis, according to...

Woman Loses Life Savings in Real Estate Wire Fraud, Recovers Funds After Six Months

Rana Robillard, after a yearlong search, was thrilled to secure a home in Orinda, California. In late January, her mortgage broker emailed instructions to...

European and Global Markets Overview: Leftist Gains in France and Fed Rate Cut Speculation

A look ahead in European and global markets reveals significant developments from the French elections and anticipation of Federal Reserve actions. Initial concerns over...

Samsung Electronics Workers Strike for Better Pay and Conditions

Samsung Electronics workers have initiated a three-day strike demanding better pay, additional annual leave, and changes to the employee bonus system. The National Samsung...

Skydance Media and Paramount Global Merge in $8.4 Billion Deal

Skydance Media and Paramount Global have announced a merger, marking a significant shift for one of Hollywood's oldest studios. The two-step process involves Skydance...

Boeing Pleads Guilty to Criminal Fraud, Agrees to $243.6 Million Fine

Boeing has agreed to plead guilty to a criminal fraud conspiracy charge and pay a fine of $243.6 million, resolving a U.S. Justice Department...

Semiconductor Industry Faces Talent Shortage Amid CHIPS Act Funding Boost

The semiconductor industry is intensifying its recruitment efforts in a tight labor market as funding from the CHIPS and Science Act boosts domestic production....

Global Equity Markets Hit Record Highs Amid U.S. Rate Cut Optimism

World equity markets touched fresh record highs, driven by optimism about a potential U.S. rate cut and key jobs numbers expected later on Friday....

Foxconn Reports Strong Q2 Revenue Growth Driven by AI Server Demand

Taiwan's Foxconn, the world's largest contract electronics manufacturer and Apple's primary iPhone assembler, reported better-than-expected quarterly revenue, driven by high demand for AI servers....

Bitcoin Faces Largest Weekly Decline in Over a Year Amid Market Concerns

Bitcoin was set for its biggest weekly fall in over a year on Friday as traders worried about potential token dumping from the defunct...

Australian Federal Court Rules Against PayPal’s Unfair Contract Terms with Small Businesses

Australia's Federal Court has ruled that PayPal's local unit included an unfair term in its standard contracts with small business customers, as reported by...

Glencore’s $6.93 Billion Acquisition of Teck Resources’ Coal Unit Approved with Conditions

The Canadian government has approved Glencore's $6.93 billion acquisition of Teck Resources' steelmaking coal unit, with stringent conditions to preserve jobs and maintain Canadian...

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