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

U.S. Job Growth Slows in June: Implications for Inflation and Fed Policy

U.S. job growth likely slowed to a healthy pace in June, with the unemployment rate holding steady at 4%. This scenario increases the chances...

AI Adoption in Drive-Thru Restaurants: Potential and Challenges

Restaurants are increasingly looking to artificial intelligence to lower labor costs, particularly in drive-thru operations. According to a survey by the National Restaurant Association,...

New Champion Emerges at Nathan’s Hot Dog Eating Contest

A new champion has emerged in the world of competitive eating. Patrick Bertoletti triumphed at Nathan’s Hot Dog Eating Contest, held annually on July...

Private Equity Investment Boosts National Women’s Soccer League’s Growth

Women's soccer is attracting significant interest from private equity investors, marking a new chapter in the sport's development. Unlike other major U.S. sports leagues...

HBC Acquires Neiman Marcus Group in $2.65 Billion Deal

Saks Fifth Avenue's parent company, HBC, announced on Thursday its acquisition of Neiman Marcus Group in a $2.65 billion deal, combining two storied luxury...

Samsung Electronics Union Calls for Strike Over Transparency and Compensation

A workers' union at Samsung Electronics in South Korea has announced a strike set for July 8-10, aiming to escalate industrial action against the...

Hindenburg Research Refutes Allegations by India’s SEBI Over Adani Short Bet

Hindenburg Research denied allegations from India's securities regulator, SEBI, on Monday, accusing the firm of colluding with a U.S. asset manager to use non-public...

Japan’s Finance Minister Expresses Vigilance Amid Yen’s 38-Year Low Against Dollar

Japan's finance minister stated on Tuesday that authorities remain vigilant over sharp currency market movements, as the yen continues to slump to new 38-year...

Australia Demands Internet Industry to Protect Children from Inappropriate Content

Australia has issued a six-month ultimatum to the internet industry to create an enforceable code that prevents children from accessing pornography and other inappropriate...

German Companies Turn to Solar Power Amid High Energy Costs and Incentives

Philip Matthias spent months persuading his father to install solar panels on their company's roof in Thuringia, eastern Germany. Initially skeptical about the 2.3-million-euro...

Rio Tinto Negotiates with Workers at Oyu Tolgoi to Prevent Further Strikes Over Wage Cuts

Global mining giant Rio Tinto is currently in negotiations with workers at its Oyu Tolgoi copper operations in Mongolia to prevent further industrial action...

Investigation Reveals Child Labor at Indian Distillery, Government Takes Action

An investigation by the National Commission for Protection of Child Rights revealed that children aged between 13 and 17 were working at a Som...

Tesla Faces Challenges with Declining Deliveries and Growing Competition

Tesla is expected to report a 6% decline in June-quarter deliveries, marking the first instance of two consecutive quarters of decline for the leading...

U.S. Dollar Hits 38-Year High Against Yen Amid Treasury Yield Surge

The U.S. dollar surged to a near 38-year high against the yen on Tuesday, driven by a sharp increase in Treasury yields as investors...

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