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

Gilead’s Lenacapavir Shot Shows 100% Efficacy in HIV Prevention Trial

Gilead’s experimental twice-yearly HIV prevention medicine, lenacapavir, has proven to be 100% effective in a late-stage trial, the company announced Thursday. An interim analysis...

SpaceX Launches Portable Starlink Mini for Mobile Satellite Internet

SpaceX has introduced a compact version of its Starlink antennas, branded as "Starlink Mini," designed for mobile satellite internet connectivity. According to a customer...

Dollar Recovers Amid Fed Rate Cut Speculation, Sterling Dips Before UK Inflation Data

The dollar regained some ground on Wednesday after weak U.S. retail sales data reinforced expectations of imminent Federal Reserve rate cuts. U.S. retail sales...

China’s 618 E-Commerce Festival Sees Lukewarm Response Amid Economic Concerns

China's mid-year e-commerce sales festival, the 618 festival, struggled to generate significant excitement among shoppers, according to industry experts. Major e-commerce platforms extended their...

Kaisa Group Chairman Returns to Mainland China for Debt Restructuring Talks

The chairman of the financially troubled Chinese developer Kaisa Group has returned to mainland China from Hong Kong for the first time in almost...

Ferrari’s First Electric Car to Debut at €500,000, Boosting Production Capacity

Ferrari's first electric car will be priced at a minimum of €500,000 ($535,000), according to a source familiar with the matter. This high price...

Trump Media & Technology Group Prepares for $247 Million Proceeds from Share Resale

Trump Media & Technology Group announced on Tuesday that the Securities and Exchange Commission (SEC) has declared effective the company's filing for the resale...

U.S. Retail Sales Slow in May, Manufacturing Output Rebounds

U.S. retail sales barely increased in May, with previous month data revised significantly lower, indicating sluggish economic activity in the second quarter. The Commerce...

Johnson & Johnson Faces New Class Action Over Talc Products

Johnson & Johnson is facing a new proposed class action lawsuit seeking damages and medical monitoring for women diagnosed with or at risk of...

Nvidia Becomes World’s Most Valuable Company Amid AI Surge

Nvidia became the world's most valuable company on Tuesday, overtaking tech giant Microsoft. This milestone was achieved as Nvidia's advanced processors have become central...

Asian Shares Rise Amid Tech Stock Rally and Dollar Volatility

Asian shares soared to their highest levels in three weeks on Wednesday, supported by a strong rally in technology stocks, while the dollar experienced...

UK Inflation Data and Global Market Trends

Investors are closely monitoring the upcoming UK inflation data, which could indicate further progress in the global disinflation trend. Scheduled for release on Wednesday,...

TikTok Challenges US Ban, Citing Free-Speech Concerns and Lack of Proof

US lawmakers have swiftly moved to pass a TikTok ban following classified briefings, sparking a legal challenge from the app’s Chinese owner, ByteDance. By...

Intel Acquires Minority Stake in Luxshare Precision’s Telecommunications Subsidiary

Intel’s China arm has acquired a minority stake in the telecommunications subsidiary of Apple supplier Luxshare Precision Industry, according to business registry records. This...

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