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

Xi’s Unexpected Absence from BRICS Business Forum Sparks Speculation

In a surprising turn of events, Chinese President Xi Jinping was notably absent from the BRICS Business Forum 2023 held in South Africa. Despite...

Chinese Ambassador Sets the Stage for US Commerce Secretary’s Beijing Visit

In a bid to foster collaboration and strengthen bilateral ties, Chinese ambassador to the United States, Xie Feng, met with US Commerce Secretary Gina...

China’s Economic Turbulence Impacts Consumer Spending, Highlights PwC Report

Amidst economic uncertainty, Chinese consumers exhibit prudence in their spending habits, indicating a recent study by PwC, a global advisory firm. The financial turbulence,...

Chinese Breakthrough in Aerospace Materials Could Alter Global Dynamics

In a major technological advancement, China has developed the capability to mass produce the ultra-strong T1000 carbon fiber a crucial material for missiles, space...

China’s CSST: A New Era in Space Exploration and Research

Introduction As the 21st century progresses, nations around the world are putting more focus into space exploration and scientific research. While the US and Russia...

Kinepolis Celebrates Surge in July Sales Driven by Blockbusters and Weather

July proved to be a bonanza for Belgian cinema operator Kinepolis, which experienced one of its most profitable months in terms of sales. A...

Decoding China Evergrande’s U.S. Bankruptcy Protection Move

Introduction On a recent Friday, news emerged that the beleaguered property developer China Evergrande Group had applied to the U.S. Court for bankruptcy protection. At...

Asia’s Travel Retail Impact on Estee Lauder & the Luxury Market

In today's fast-paced world of commerce and travel, various economic sectors are interwoven in a complex tapestry of trade. As the globe continues to...

US-China WTO Dispute: A Test of Multilateral Trade Principles

The World Trade Organization's (WTO) dispute settlement panel recently released a report backing the US' appeal. The report highlights that the additional tariffs imposed...

Tesla’s Autopilot System under Legal Spotlight After Fatal Accidents

Tesla, the groundbreaking electric vehicle company led by Elon Musk, is facing mounting legal challenges concerning its Autopilot system. The company is set to...

Germany’s Determined Stance on 5G Network Security and Chinese Components

In a recent move indicating heightened concerns surrounding national security, Germany's Interior Minister, Nancy Faeser, emphasized the country’s unwavering stance against potential risks embedded...

Suzhou’s Drive to Boost Live-Streaming E-commerce Amid Regulatory Shifts

Suzhou, recognized as a technological manufacturing giant in China's east, is venturing into the realms of live-streaming e-commerce. This step comes in the wake...

Shenzhen’s Manufacturing Decline: The Closure of Xin An Electrical

In what marks another chapter in the narrative of China's evolving industrial landscape, a factory in Shenzhen, owned by Hong Kong's Simatelex, has recently...

Zhongzhi Enterprise Group’s Crisis: Echoes in China’s Financial Landscape

Introduction Recent developments surrounding one of China's premier asset managers, Zhongzhi Enterprise Group, are stirring concerns, as signs of a liquidity crisis become evident. The...

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