Flash News

TREE NEWS reports: Bitcoin bulls fought to hold $80,000 support over the weekend as markets braced for a heavy week of US tech earnings and inflation data. The $80,000 level remains the line in the sand for BTC heading into the Federal Open Market Committee meeting and the corporate results slate.

TREE NEWS update: Kremlin spokesman Dmitry Peskov said on October 26 that the decision to resume trilateral Russia-US-Ukraine talks on the Ukraine issue does not mean military operations will be restricted. Russian forces will continue their special military operation and sustained large-scale strikes on Ukraine’s military-industrial complex and military and paramilitary targets, Peskov said. He made the remarks while commenting on a large-scale Ukrainian attack on Russia’s Voronezh region the same day, which killed 2 people and injured 17.

TREE NEWS update: The Dutch government plans to cut about 25,000 civil service positions over several years through efficiency reforms including artificial intelligence. The government aims to save €900 million a year by 2027, rising to €3.5 billion (about $3.9 billion) annually from 2035. The cabinet will present detailed AI plans early next year. Civil service headcount reached about 160,000 at the end of 2025, up 41% from 2018.

TREE NEWS update: China’s 20th Central Committee has completed the deployment of its eighth round of inspections, with 15 central inspection teams set to conduct routine inspections of the Ministry of Education and the Party organizations of 31 centrally administered universities. The deployment follows the unified arrangements of the Party Central Committee for inspection work.

TREE NEWS reports: Luiz Inácio Lula da Silva won Sunday’s Brazilian presidential runoff despite Polymarket and Kalshi pricing Flávio Bolsonaro as a roughly 80% favorite hours before the result. Traders are split on whether the prediction markets got the outcome wrong, with Lula having traded at about 20% odds before his victory.

TREE NEWS update: A tanker sailing outbound through the Strait of Hormuz was struck by an unidentified projectile and left without operational capability, the UK Maritime Trade Operations office said on Oct. 26, citing a verified delayed report. The incident occurred at 08:39 UTC on Oct. 23, or 12:09 local time in the strait.

TREE NEWS update: Nigeria’s Centre for Disease Control on Oct. 25 expanded quarantine measures nationwide, requiring all international travelers to submit health declarations and ending restrictions that had applied only to arrivals from specific countries. Five international airports, including Abuja and Lagos, and land border crossings have upgraded screening with multiple agencies. The move follows a confirmed imported Ebola case in Abuja on Oct. 20 — a 42-year-old Ugandan woman who entered the country on Oct. 3. Health authorities are monitoring 53 close contacts for 21 days.

TREE NEWS reports: The People’s Bank of China said the Shanghai Gold Exchange’s Au(T+D) contract closed at 906.6 yuan per gram at the end of September 2026, down 5.7% from the prior month. Gold trading on the Shanghai Gold Exchange totaled 5,064.6 tonnes in September, up 7.6% year on year, while Shanghai Futures Exchange gold volume fell 12.8% to 15,000 tonnes.

TREE NEWS reports: China’s government bonds recorded 1.53622 trillion yuan in net financing in September 2026, up 3469.6 billion yuan year-on-year, the People’s Bank of China said. Interbank lending averaged 292.54 billion yuan a day, down 30.5% year-on-year, while bond repo averaged 6.5 trillion yuan a day, down 10.6%. At end-September, outstanding interbank lending stood at 800 billion yuan and outstanding bond repo at 11 trillion yuan.

TREE NEWS update: China has allocated 97 billion yuan this year to improve residents’ housing conditions, benefiting 8 million households, as part of a push to build age-friendly living environments. Over the next five years, the country plans to renovate 115,000 old urban communities and upgrade about 500,000 dilapidated homes. Multiple government departments have introduced targeted policies, including subsidies for home modifications for elderly households with special difficulties and accessibility upgrades in public spaces.

TREE NEWS reports: Saudi Arabia’s benchmark index rose 3.1% on Tuesday, its biggest single-day gain since September 2025, after this month’s steep selloff pushed the gauge into technically oversold territory. The month-to-date decline has narrowed to 6.4%, after the index had been on course for its worst monthly drop in four years. Senior security officials from Saudi Arabia, Pakistan and Turkey were reported to be traveling to Iran to meet Iranian leaders to ease Middle East tensions.

TREE NEWS update: Air China flight CA807 departed Beijing Capital International Airport on Oct. 26, opening the Beijing Capital-Copenhagen-Reykjavik route, the first scheduled passenger service linking mainland China and Iceland. The route is operated with A330-300 aircraft three times weekly on Mondays, Thursdays and Saturdays. Tickets for the coming week cost about 6,000 yuan including tax, with a total journey time of 15 hours 45 minutes and a 2-hour 15-minute layover.

TREE NEWS update: Passenger traffic on the Xiamen-Kinmen ‘Mini Three Links’ route surpassed 1.74 million trips as of 3 p.m. today, exceeding the full-year total for last year. Taiwanese passengers accounted for nearly 1.4 million of the trips.

TREE NEWS update: Elon Musk said over the weekend that more than 200 emerging AI compute cloud providers, or neoclouds, face “guppy-level death and consolidation” as debt markets close to companies without revenue outside AI data centers. He contrasted this with SpaceX’s investment-grade credit and $40 billion GPU debt facility. Musk also said SpaceX will not acquire any neocloud, calling it “pointless.”

TREE NEWS reports: CITIC Securities reported third-quarter net profit of 7.679 billion yuan, down 20.19% year on year, while net profit for the first nine months of the year reached 31.022 billion yuan, up 32.66% year on year. The figures were disclosed in the brokerage’s earnings release.

TREE NEWS update: HSBC Investment Management will absorb Hang Seng Investment Management, consolidating the two asset-management units under the HSBC group. The move folds the Hang Seng investment arm into HSBC’s global investment management business. No financial terms or timeline were disclosed.

TREE NEWS reports: Memory module sales in China have fallen 20% to 30% since October as consumers hold off amid high prices. Factory prices are still rising, but channel distributors who stocked up earlier are now cutting prices to recover cash, pushing channel prices below factory levels in a price inversion. The result is a market where official prices climb while street prices slide.

TREE NEWS reports: US equities closed mixed for the week ended Oct. 23, with the S&P 500 down 0.47% and the Nasdaq Composite down 0.71%, while the Dow rose 0.41% and the Russell 2000 gained 2.00%. Investors are shifting focus from AI growth expectations to returns on capital spending. Microsoft, Alphabet and Amazon report earnings this week, alongside a Federal Reserve rate decision and US third-quarter GDP and September PCE data.

TREE NEWS update: Shanghai’s Economy and Information Technology Commission and five other departments issued the Shanghai Satellite Internet Industry Innovation and Development Action Plan (2027-2030), supporting individual users in accessing satellite internet via direct phone connections or portable terminals. The plan backs carriers in launching discounted satellite internet packages to lower costs for users, aiming to turn satellite connectivity from specialized equipment into a mass-market consumer service providing ubiquitous coverage in terrestrial blind spots.

TREE NEWS update: Shanghai’s economy and information technology commission and five other departments issued a 2027-2030 action plan for the satellite internet industry, aiming for more than 3,000 satellites in orbit and a core industry scale exceeding 80 billion yuan by 2030. The plan also targets over 100 technology transfer projects, more than 100 quality enterprises, and 100+ benchmark applications.