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

Generation X to Benefit Most from $84 Trillion Great Wealth Transfer

Generation X is poised to benefit significantly from the $84 trillion Great Wealth Transfer over the next decade, according to a new study. While...

Boeing CEO Faces Senate Panel Amid New Whistleblower Allegations

Boeing CEO Dave Calhoun is set to address a Senate panel, acknowledging that the company’s culture is "far from perfect" amid new whistleblower allegations...

Senator Warren Criticizes Fed Chair Powell Over Basel III Endgame Changes

Senator Elizabeth Warren, D-Mass., has accused Federal Reserve Chair Jerome Powell of yielding to the financial industry's interests by considering reductions to proposed regulations...

Toyota Faces Governance Scrutiny as Chairman Akio Toyoda Seeks Re-election Amid Scandals

Toyota Motor's Chairman Akio Toyoda is poised for re-election at the automaker's annual general meeting on Tuesday, despite recent scandals and growing governance concerns....

Anticipation Builds Among GameStop Investors Ahead of Annual Meeting

GameStop's annual meeting, set for Monday, is generating considerable excitement among its dedicated retail investor base. Shares of the video game retailer have experienced...

Wall Street Edges Lower as Investors Await Economic Data and Fed Comments

Wall Street's main indexes dipped slightly on Monday as investors anticipated new economic data and upcoming comments from Federal Reserve officials throughout the week...

Tesla Challenges Court Ruling on Elon Musk’s Compensation Following Shareholder Vote

Tesla has initiated a legal battle for the recognition of a shareholder vote favoring Elon Musk’s record compensation package. In a letter made public...

Eli Lilly’s Expansion Driven by High Demand for Diabetes and Weight Loss Treatments

Eli Lilly has reached new heights thanks to the soaring demand for its diabetes treatment Mounjaro and the newly launched obesity drug Zepbound. Outgoing...

Australian Property Market Faces Uncertainty Amid Policy Changes Impacting Foreign Buyers

Rebecca Li, 24, from Shandong Province in China, is among the 8.2 million foreign-born residents in Australia who have significantly influenced the country’s property...

Disney and Pixar’s “Inside Out 2” Reignites Box Office with Record-Breaking Debut

Disney and Pixar have brought a significant boost to the box office with the release of "Inside Out 2," which debuted with an estimated...

China Securities Regulator Intervenes to Stabilize Market Amid Short-Selling Concerns

China’s securities regulator has stepped in to reassure investors following a social media post that drew attention to a surge in shorted stocks last...

Chinese Stocks Poised for Gains Despite Property Market Slump, Says Market Strategist

Chinese stocks do not require a rebound in property prices to achieve further gains, according to Hong Hao, partner and chief economist at Grow...

China’s New Home Prices See Sharpest Decline in Nearly a Decade

In May, new home prices in China experienced their steepest decline in nearly a decade, despite the implementation of a massive rescue package aimed...

Shein Founder Xu Yangtian Maintains Low Profile Amid IPO Plans

Xu Yangtian, the founder of the popular fast-fashion shopping app Shein, has deliberately kept a low profile, avoiding public attention as the company prepares...

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