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

Amazon Strengthens AI Capabilities by Hiring Adept’s Top Talent and Licensing Technology

Amazon is accelerating its artificial intelligence development by recruiting top talent from AI agent startup Adept and licensing the company's technology. Rohit Prasad, Amazon's...

Amazon AWS Increases Cloud Credits for Startups Amid Growing AI Competition

Amazon's AWS is doubling the value of cloud credits offered to some startups, aiming to bolster its position amid rising competition from Microsoft in...

Hong Kong’s Hydrogen Economy: Progress and Challenges in Transitioning to Zero Emissions

Hong Kong is making strides in developing a hydrogen economy, aiming to transition to zero emissions. In West Kowloon, the city’s first hydrogen-refuelling station...

U.S. Inflation Stagnates in May, Raising Prospects for Fed Rate Cuts

In May, U.S. monthly inflation remained unchanged as a slight rise in service costs was counterbalanced by the most significant drop in goods prices...

NASA and Boeing Extend Starliner’s First Crewed Flight for Additional Testing

NASA and Boeing announced an extension of the Starliner capsule's first crewed flight, delaying its return to Earth to conduct additional testing. The Starliner...

Nike Faces Uncertain Future as CEO John Donahoe’s Leadership Questioned

Nike's CEO, John Donahoe, is under increasing scrutiny after the company reported disappointing fiscal results, leading to a sharp decline in its stock price....

Pfizer’s Strategic Turnaround Amid Employee Uncertainty and Market Optimism

Pfizer experienced a remarkable first quarter, earning praise from Wall Street and CEO Albert Bourla during a companywide town hall. This came after a...

Global Stocks Soar in First Half of 2024 Amid AI Boom and Economic Optimism

Global stocks were poised to finish the first half of 2024 strongly, with investors eyeing crucial U.S. inflation data for indications on the timing...

Japan Appoints New FX Diplomat as Yen Hits 38-Year Low

Japan appointed Atsushi Mimura as its new top foreign exchange diplomat on Friday as the yen hit a 38-year low against the dollar. This...

U.S. Stock Market Faces Uncertainties in Second Half of 2024

As U.S. stocks conclude a strong first half of 2024, investors are speculating about the impact of political uncertainty, potential Federal Reserve policy shifts,...

Saudi Arabia May Cut Oil Prices for Asia Again in August Amid Market Pressures

Top oil exporter Saudi Arabia is considering a second consecutive month of price cuts for the crude grades it sells to Asia in August,...

Commodity Markets Could Face Disruption with Potential Trump Presidency, Says HSBC Economist

Commodity markets may experience greater fragmentation and supply disruptions if former U.S. president Donald Trump wins the November 5 election, according to HSBC economist...

NASA Awards SpaceX $843 Million Contract to Guide ISS Deorbit by 2030

NASA announced on Wednesday that SpaceX will develop a spacecraft to guide the International Space Station (ISS) to its controlled destruction later this decade....

JPMorgan Disputes Federal Reserve’s Stress Test Income Projections

JPMorgan Chase announced late Wednesday that the Federal Reserve overestimated a critical income measure in the bank’s recent stress test, indicating that its actual...

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