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

Perplexity AI in Talks for $500 Million Raise at $14 Billion Valuation

Perplexity AI is in advanced discussions to raise $500 million in funding, with a valuation of $14 billion. Accel, a venture capital firm based...

Coinbase Joins S&P 500, Replacing Discover Financial Services

Coinbase is set to join the S&P 500, replacing Discover Financial Services, as announced on Monday. The change will take effect before the market...

Samsung Galaxy S25 Edge: A Thin, High-End Smartphone to Compete in 2025

On Tuesday, Samsung unveiled its latest high-end device, the Galaxy S25 Edge, a remarkably slim smartphone measuring just 5.8 millimeters in thickness and weighing...

Fintech Firms Face Challenges as Interest Rates Decline

In 2022, financial technology (fintech) firms were among the hardest hit by rising interest rates from global central banks, leading to a decline in...

SoftBank Vision Fund Reports Loss Amid Declining Tech Investments

SoftBank's Vision Fund posted a loss for the fiscal year ending in March, marking a slowdown in the performance of its massive tech investment...

Dubai Partners with Crypto.com to Enable Cryptocurrency Payments for Government Fees

Dubai’s Department of Finance has entered into a strategic partnership with Crypto.com, allowing government service fees to be paid using cryptocurrencies. The agreement, signed...

Media Companies Face Economic Uncertainty at Annual Upfronts

Media companies are facing economic challenges as they prepare for their annual pitch to advertisers. This week, entertainment giants like NBCUniversal, Fox, and Warner...

Walgreens Expands Robotic Prescription Centers to Boost Efficiency and Patient Care

Walgreens is intensifying its focus on automation as it navigates challenges facing the retail pharmacy sector. The company is expanding its network of micro-fulfillment...

Fox to Launch Streaming Platform Fox One Ahead of NFL Season

Fox Corporation has announced plans to launch its new direct-to-consumer streaming service, named Fox One, ahead of the upcoming National Football League season. The...

GM Appoints Former Tesla and Aurora Executive Sterling Anderson as Chief Product Officer

General Motors has appointed Sterling Anderson as its new chief product officer, a strategic hire that underscores the automaker’s commitment to innovation across both...

Michael Jordan Joins NBC’s NBA Coverage as Special Contributor

NBC is set to bring NBA coverage back to its network this fall, and it's doing so with a major addition—basketball legend Michael Jordan....

Trump Administration Launches Task Force to Fix Newark Airport Telecom Failures

The Trump administration announced the formation of an emergency task force on Monday to tackle recent telecommunications disruptions at Newark Liberty International Airport. The...

Toy Stocks Surge as U.S. Temporarily Eases China Tariffs

Major toy manufacturers saw their shares soar on Monday following an announcement that the United States would temporarily ease tariffs on Chinese imports. The...

McDonald’s Plans to Hire 375,000 Workers Amid Summer Push and Political Strategy

McDonald’s announced a major hiring initiative this summer, aiming to recruit up to 375,000 workers across its U.S. restaurants. The news came during a...

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