Flash News

TREE NEWS update: PVH, the parent company of Calvin Klein, announced on November 6 during the ninth China International Import Expo that it will increase capital in its China headquarters by nearly 100 million yuan. Wu Ying, executive vice president and CFO of PVH Asia Pacific and president of PVH China, said China remains one of the group’s most important global markets, with both brands launching their New Year collections globally at the expo for two consecutive years.

TREE NEWS update: The US Treasury Department’s Office of Foreign Assets Control on the 6th sanctioned eight money services businesses located in Canada, the department said in a notice, stepping up economic pressure on Iran. The announcement did not specify the names of the firms or the scope of the restrictions.

TREE NEWS update: Volvo Cars said text messages circulating about a “Takata airbag recall” were not issued by the company, in a statement denying the recall rumors. Official Volvo recall notices will never ask owners to provide bank card numbers or verification codes, or to transfer or pay money under any name, the company said.

TREE NEWS update: DeepSeek’s web and API services experienced a partial outage starting at 15:11, affecting chat services and its V4 Pro and V4.1 Flash APIs. DeepSeek said it has implemented a fix and is monitoring the results.

TREE NEWS reports: Nvidia may face a more adversarial Washington after the election, with CEO Jensen Huang’s relationship with President Donald Trump unlikely to shield the company, Semafor reported. The report said Huang’s ties to Trump probably will not spare the chipmaker from tougher treatment in the capital.

TREE NEWS update: Ukrainian President Volodymyr Zelensky said on November 6 that bipartisan US support is very important for Ukraine and that he hopes it will increase further, after Democrats won control of both chambers of Congress in the US midterm elections. In an interview with CNN, he said talks should first address how to end the Russia-Ukraine conflict, then what security guarantees Ukraine can obtain, and only then the security architecture between Europe and Russia. He said Ukraine is willing to meet Russia in the US, Europe or the Middle East, but not in Moscow.

TREE NEWS update: Multiple Democratic members of the U.S. Congress said they will push to repeal current ‘unreasonable’ tariff policies, following a landslide Democratic victory in the midterm elections driven by voter anger over high living costs and inflation. Analysts caution that even with Democratic control of both the Senate and House, President Trump can check legislation through his veto power, making any substantive tariff relief unlikely in the near term.

TREE NEWS update: imToken has outlined a non-custodial ETH staking model that keeps withdrawal keys in users’ own wallets while professional operators run validators. The wallet provider said the design separates withdrawal rights from signing keys, reducing reliance on third-party platforms and avoiding risks tied to liquid staking tokens. It offers compounding validators with up to 2,048 ETH effective balance and auto-withdrawal validators that return rewards above 32 ETH to the user’s withdrawal address.

TREE NEWS update: UN Development Programme Administrator Alexander De Croo visited China from November 4 to 6, holding high-level meetings in Beijing and Shanghai on global development cooperation, South-South cooperation and accelerating the UN 2030 Agenda for Sustainable Development. The UNDP said it plans to further deepen cooperation with China on sustainable development, with the two sides discussing ways to address global development challenges and strengthen multilateral cooperation.

TREE NEWS update: Keplr Wallet has suspended Google and Apple sign-in options after receiving reports of unauthorized transactions in some wallet accounts created through those login methods. The wallet provider said it has notified Web3Auth and both teams are jointly investigating. Accounts created via mnemonic or hardware wallet are not affected, Keplr said, advising potentially affected users not to deposit new funds or re-import accounts during the probe.

TREE NEWS reports: Taiwanese prosecutors are investigating Chang Ching-yu, abbot of Donglin Temple in Yilan, and his ordained son Chang Wei-fu over the alleged embezzlement of donations worth more than NT$330 million ($10.4 million), with over a dozen iron boxes of gold and silver dug up outside a meditation room. Temple funds were moved into private accounts and laundered through cryptocurrency purchases and gold and silver, and the case remains under investigation.

TREE NEWS update: Keplr Wallet said some accounts created via Google or Apple sign-in have seen unauthorized transactions, and it has flagged the issue to Web3Auth as both teams investigate. Web3Auth said a security issue affecting its service has impacted some third-party platforms and that it has paused its embedded wallet service. Initial findings show MetaMask users are unaffected, and Keplr accounts created with a seed phrase or hardware wallet are not affected.

TREE NEWS reports: Autokiniton US Holdings Inc. has shelved an attempt to amend and extend a roughly $1.05 billion leveraged loan agreement, a person familiar with the matter said. The auto parts supplier had already tightened terms, shortening the proposed extension by one year to 2030, raising the discount to 97.5 cents on the dollar and setting the rate at the benchmark plus 4.75 percentage points, the high end of the initial discussion range.

TREE NEWS update: China awarded 30 patents the China Patent Gold Award at a ceremony held alongside the 15th China International Patent Technology and Products Fair, which ran Nov. 6-8 in Wuxi, Jiangsu. The awards also included the China Design Gold Award. The honored patents span fields including high-end equipment and biomedicine, though the announcement did not list individual winners or patent holders.

TREE NEWS update: Hong Kong’s Securities and Futures Commission on Nov. 6 published consultation conclusions on further restricting the use of misleading names by unregulated entities to protect investors, saying the proposals drew broad market support. The SFC will expand its list of restricted titles, set up a faster mechanism for updating it, and extend the regime to virtual assets, aiming to reduce investor misjudgment caused by firm names.

TREE NEWS update: China’s time-honored brands surpassed 2 trillion yuan in annual revenue in 2025, the Ministry of Commerce said in its annual development report on the sector released Thursday. The figure marks the first time the combined revenue of China’s so-called laozihao brands has crossed the 2 trillion yuan threshold.

TREE NEWS update: The China CDC and the Africa CDC co-hosted the first China-Africa Public Health Forum in Guangzhou from November 6 to 7. Under the theme of building a new line of defense against infectious diseases and advancing the China-Africa health partnership action, participants discussed global infectious disease challenges, disease surveillance, diagnostics and vaccine innovation, as well as access to and local production of public health products in Africa, tropical disease control, tuberculosis prevention and technological innovation, and sexually transmitted disease prevention.

TREE NEWS update: Keplr has paused Google and Apple social logins after reports of unauthorized transactions, the wallet said in its initial assessment. Recovery-phrase and hardware-wallet accounts are unaffected, but social-login users should stop sending funds to their accounts.

TREE NEWS update: The University of Science and Technology Beijing opened the Beijing University of Science and Technology School of Science and Technology Law in Xiong’an New Area on Nov. 7, described as the first such school in China. It comprises four teaching and research units covering intellectual property, science and technology law, science and technology policy, and basic legal studies. It will initially offer an undergraduate program combining engineering and law in intellectual property, with professional master’s enrollment to follow in Xiong’an.