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

Nomura Upgrades Chinese Equities Amid US-China Tariff Breakthrough

Nomura Holdings has become the first major global investment bank to upgrade its outlook on Chinese equities following a surprising development in US-China trade...

Hong Kong Stocks Retreat as Traders Reassess China-US Trade Deal

Hong Kong equities pulled back on Tuesday, reversing part of their strong rally from the previous session as investors took profits and reassessed the...

Mainland and Hong Kong Firms Seek Nearly US$1.4 Billion Amid Capital Market Revival

Three firms from mainland China and Hong Kong have announced significant fundraising efforts in Hong Kong, taking advantage of the city’s revitalised capital markets....

Mainland Chinese Buyers Boost Hong Kong Luxury Property Market Amid Local Sell-Offs

Mainland Chinese homebuyers are continuing to play a pivotal role in sustaining demand within Hong Kong's luxury real estate sector, even as some local...

Alibaba Expands Access to Qwen3 AI Models Across Developer Platforms

Alibaba Group has expanded the accessibility of its Qwen3 family of artificial intelligence models by making them available on several popular developer platforms. The...

US Tariff Reduction Encourages Chinese Auto-Parts Exporters to Reconsider Local Expansion

The recent decision by the United States to temporarily reduce tariffs on Chinese imports has prompted auto-parts exporters from mainland China to reassess their...

Hang Seng Bank Cuts Jobs Amid HSBC Restructuring Strategy

Hang Seng Bank, a prominent retail lender in Hong Kong and majority-owned by HSBC Holdings with a 62.14% stake, has begun laying off staff...

U.S. Consumer Prices Show Moderate Rebound in April Despite Tariff Concerns

In April, U.S. consumer prices saw a modest rebound, increasing by 0.2% after a decline in March, marking the first dip since May 2020....

Telefonica Reports €1.3 Billion Loss in Q1 After Write-Downs on Latin American Sales

Telefonica, the Spanish telecom giant, reported a net loss of 1.3 billion euros ($1.45 billion) for the first quarter of the year, primarily due...

China and Colombia Sign Joint Cooperation Plan on Belt and Road Initiative

China and Colombia have officially signed a joint cooperation plan under the Belt and Road Initiative (BRI), strengthening their growing economic and strategic ties....

CATL to Price Shares at HK$263 in Hong Kong Listing, Raising $4 Billion

Chinese battery manufacturer CATL is preparing to price its shares at HK$263 ($33.70) each for its Hong Kong listing, according to sources familiar with...

Global EV Sales Rise 29% in April Despite Trade Tensions

In April, global sales of electric and plug-in hybrid vehicles rose by 29% year-on-year, reaching 1.5 million units. Despite trade tensions and economic uncertainties,...

Sony Forecasts Stable Profit Despite Trade War Impact and Gaming Decline

Sony has projected a slight increase in its operating profit for the financial year ending in March, with expectations of a 0.3% rise to...

NOYB Threatens Legal Action Against Meta Over AI Data Use

NOYB, an Austrian privacy advocacy group led by Max Schrems, has announced its intention to seek an injunction against Meta Platforms, potentially resulting in...

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