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

AI-Driven Stock Surge Draws Comparisons to Dotcom Bubble

A recent surge in U.S. stocks, driven by excitement over artificial intelligence (AI), is drawing comparisons to the dotcom bubble of two decades ago....

BYD’s Q2 EV Sales Surge by 21%, Closing Gap with Tesla

China’s BYD (002594.SZ) recorded a 21% increase in electric vehicle (EV) sales during the second quarter, narrowing the gap with Tesla (TSLA.O). According to...

Boeing to Acquire Spirit AeroSystems in $8.3 Billion All-Stock Deal

Boeing announced on Monday its plans to acquire fuselage manufacturer Spirit AeroSystems in an all-stock transaction valued at $8.3 billion, including Spirit’s debt. The...

Starbucks Introduces New System to Improve Order Efficiency and Customer Experience

Starbucks cafes across the country are implementing significant changes to improve order efficiency and reduce wait times, anticipating a surge in mobile app orders....

Boston Celtics Ownership Group Announces Sale Amid Rising Valuations

The Boston Celtics’ ownership group has announced plans to sell the team, as confirmed in a statement posted on the Celtics’ social media account....

Paramount Global Explores Streaming Service Merger Amid Industry Consolidation

Paramount Global is actively engaging in discussions to merge its Paramount+ streaming service with another platform, a move that could potentially trigger a new...

Over a Quarter of Hong Kong Companies Plan to Downsize Office Space Amid Economic Uncertainty

Over a quarter of Hong Kong companies are looking to reduce their office space this year, according to a recent survey by property consultancy...

Zhihu Launches Generative AI Feature to Enhance User Experience

Zhihu, China’s popular question-and-answer platform akin to Quora, has introduced a new generative artificial intelligence (AI) feature named Zhida, which translates to “direct response”...

U.S. Prosecutors and Boeing Meet as Deadline for Criminal Charges Approaches

U.S. prosecutors are currently engaging with Boeing and the families of victims from two fatal crashes as the July 7 deadline looms for the...

Atos Secures Debt Restructuring Agreement with Creditors

French technology company Atos has reached a preliminary agreement with its creditors to restructure its debt, as reported by the French business newspaper Les...

BIS Warns Rising Global Debt and Upcoming Elections Could Disrupt Financial Markets

The Bank for International Settlements (BIS) warned on Sunday that increasing government debt levels, coupled with numerous major elections this year, could unsettle global...

Navigating the New Alphabet of Electrified Vehicles: A Guide for Car Buyers

Purchasing a vehicle has never been easier, but shoppers entering dealer showrooms now face an alphabet soup of “electrified” vehicle options. As all-electric vehicle...

Fathom Events Thrives Amid Box Office Content Shortage

Fathom Events is experiencing unprecedented success amid a content shortage at the box office and increasingly selective audiences. The joint venture between AMC, Regal,...

Corporate World Takes Cautious Approach to Pride Month Amid Cultural Shifts

This year, corporations have approached Pride Month with increased caution. Traditionally marked by rainbow-themed merchandise and affirming ads, June sees companies celebrating the LGBTQ+...

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