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

Chinese Insurers Face Profitability Risks Amid Property Market Downturn

A prolonged downturn in China’s property market poses significant risks to the profitability of the country’s insurers. These insurers, with considerable exposure to commercial...

Neil Shen Steps Down from Meituan Board Amidst Expanding Ventures

Neil Shen Nanpeng, the billionaire founder of the venture capital firm HongShan (formerly Sequoia China), has resigned from his role as a non-executive director...

Cocoa Price Surge: Impacts on Global Candy Makers and Future Implications

A specific segment of global agriculture is experiencing significant pricing pressure, and it’s creating a bittersweet situation. Over the past year, cocoa prices have...

AI App Helps Cat Owners Monitor Pet Health and Reduce Vet Visits

Mayumi Kitakata is concerned about the health and well-being of her feline companion, Chi, who is around 14 years old. To ensure Chi enjoys...

Roche Files Lawsuit Against Indian Manufacturers for Selling Counterfeit Diabetes Devices on Amazon

Roche, one of the world’s largest biotech companies, has reported the sale of "dangerous counterfeits" of its diabetes medical devices on Amazon, potentially endangering...

Family Offices Increasingly Engage in Direct Investments, Survey Reveals

Family offices are increasingly taking on roles similar to private equity funds, directly investing in companies, according to a new survey by BNY Mellon...

WNBA Sees Record-Breaking Growth in Viewership and Attendance

The Women's National Basketball Association (WNBA) is experiencing a surge in popularity, with record levels of fan engagement both in-person and on television. The...

Delta Air Lines Introduces Premium Economy Service on Transcontinental Flights

Delta Air Lines announced on Monday that it will introduce its premium economy service on transcontinental flights starting in September, aiming to attract customers...

Tiana’s Bayou Adventure to Open at Walt Disney World on June 28

Tiana’s Bayou Adventure, the reimagined Splash Mountain, is set to reopen on June 28 at Walt Disney World Resort in Orlando, Florida. This refurbishment...

Elliott Management Seeks Leadership Changes at Southwest Airlines with $1.9 Billion Stake

Activist hedge fund Elliott Management has acquired a $1.9 billion stake in Southwest Airlines and plans to advocate for leadership changes at the airline,...

UAW President Shawn Fain Under Investigation for Alleged Misconduct and Obstruction

United Auto Workers (UAW) President Shawn Fain is under investigation by Neil Barofsky, a federal court-appointed watchdog, according to a court filing on Monday....

FDA Panel Recommends Eli Lilly’s Alzheimer’s Drug Donanemab for Approval

A panel of independent advisors to the Food and Drug Administration recommended Eli Lilly’s Alzheimer’s drug donanemab on Monday, potentially paving the way for...

General Motors Announces New $6 Billion Stock Repurchase Program

General Motors (GM) announced a new $6 billion stock repurchase authorization approved by its board. This new buyback plan follows an accelerated $10 billion...

Warner Bros. Discovery Secures Exclusive U.S. Broadcast Rights for French Open Starting 2025

Warner Bros. Discovery's TNT Sports is set to become the exclusive U.S. broadcaster for the French Open, known as Roland-Garros, starting in 2025. The...

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