Flash News

TREE NEWS update: A LOT Polish Airlines flight from Prague to Warsaw aborted its landing at Warsaw Chopin Airport on the 13th after a drone appeared on the approach path. The crew executed a go-around, and the incident disrupted operations at the airport. No injuries or further details were immediately reported.

TREE NEWS update: Tianqi Lithium completed a 1,000-tonne-per-year battery-grade lithium metal project in Tongliang District, Chongqing, with a commissioning ceremony held on Nov. 12. The company said the facility is China’s first fully automated battery-grade lithium metal plant, integrating large-scale, automated and energy-saving design. With the plant online, Tianqi’s total lithium metal capacity in Chongqing will rise to 1,600 tonnes per year.

TREE NEWS update: Chinese Foreign Minister Wang Yi held talks with South Korean Foreign Minister Cho Hyun in Beijing. Wang said China and South Korea are close neighbors that cannot move away from each other, and that maintaining good-neighborly friendship is the right choice for both. He said China is willing to further enhance mutual trust with South Korea and expand cooperation in emerging areas including artificial intelligence, biomedicine, green and low-carbon development, and the silver economy.

TREE NEWS update: The U.S. Navy said the destroyer USS Michael Murphy has returned from the Middle East. The announcement gave no further details on the deployment or its duration. The return marks the end of the ship’s regional assignment.

TREE NEWS update: US forces shot down two attack drones launched by Iran’s Islamic Revolutionary Guard Corps toward Bahrain, US Central Command said in a post on X. The statement gave no further details on the timing, location or casualties. The incident marks a direct IRGC drone attack aimed at Bahrain, a US ally that hosts the US Navy’s Fifth Fleet headquarters.

TREE NEWS reports: The UK faces a “material risk” from crypto laundering ahead of a FATF review, with assessors visiting in June 2027, months before full crypto rules take effect. The timing leaves the UK to prove it can enforce against crypto laundering before its regime is fully in force.

TREE NEWS reports: US producer prices rose 6.5% year-on-year in October, the largest increase in nearly four years. China’s October new social financing totaled 1.15 trillion yuan, while RMB loans fell by 100 billion yuan and M2 grew 7.1%. Chicago Fed President Goolsbee said inflation is broad and moving in the wrong direction, while a Fed official said inflation remains too high and action is needed to return it to 2% in a timely manner.

TREE NEWS update: XPeng plans to introduce five new right-hand-drive models to the UK market in 2027, the Chinese electric-vehicle maker said, and will bring its next-generation NGP driver-assistance system powered by VLA 2.0 to the country. The company also aims to establish about 100 retail and service outlets across the UK over the next year.

TREE NEWS update: Anthropic said it is investigating a performance degradation affecting its services. The company disclosed the issue in a brief statement but did not specify which products or models are impacted, nor provide a timeline for a fix. Further details were not immediately available.

TREE NEWS update: Arthur Hayes said he was “flattered” by Coinbase’s defense of US stock perpetual futures, a decade after BitMEX launched perpetual swaps. The comment came as the US exchange publicly backs the product category Hayes pioneered.

TREE NEWS update: Federal Reserve Bank of Chicago President Austan Goolsbee said inflation is broad-based and moving in the wrong direction. The remark, delivered without further detail, signals continued concern over price pressures at the US central bank. Goolsbee’s comment comes as markets weigh the path of interest rates.

TREE NEWS update: South Korean lawmaker Kim Wi-sang of the main opposition People Power Party has proposed adding about 6.57 billion won (roughly $4.9 million) to the 2027 budget to buy radio-signal detection equipment and fund dedicated staff, aiming to stop candidates from using AI glasses and other high-tech devices to cheat on national qualification exams. The proposal responds to growing concerns over AI-enabled exam fraud.

TREE NEWS reports: Cardano founder Charles Hoskinson said the project’s roadmap is complete, with the ADA token trading almost 95% below its all-time high. Investors have reacted unhappily to the milestone. No further details or figures were provided.

TREE NEWS reports: Traders reduced their bets on the pace of Federal Reserve tightening after the release of the PPI report. The shift in positioning followed the inflation data, which prompted market participants to scale back expectations for further monetary tightening.

TREE NEWS reports: Two Bitcoin whale addresses that had been dormant for more than 16 years moved 100 BTC worth $6.89 million on Friday. The wallets originally held bitcoin valued at roughly $6 when it was first received, highlighting the scale of long-term holdings now being reactivated as bitcoin trades near record levels.

TREE NEWS reports: Applied Materials reported record fiscal 2026 fourth-quarter revenue of $10.4 billion, with full-year revenue up more than 21% to $34.4 billion. Management said it expects 2027 to be another record year, forecasting wafer fab equipment demand to grow more than 30% year over year and expressing confidence the company will again outgrow the market. AI-driven demand is boosting equipment orders for advanced logic, DRAM and advanced packaging, with customers’ capacity needs far exceeding supply.

TREE NEWS reports: The US dollar index fell about 10 points to 103.13 following the release of US October PPI data, while spot gold rose more than $10 to $3,894.95 an ounce. Nasdaq 100 futures gained 0.5% and the 10-year Treasury yield slipped to 5.144%.

TREE NEWS reports: US core producer prices rose 0.3% month-over-month in October, in line with expectations of 0.3%, after a 0.7% increase in the prior month. The October reading shows a slowdown in core producer inflation compared with September’s pace.

TREE NEWS reports: US producer prices rose 6.5% year-on-year in October, undershooting the 6.6% consensus estimate. The reading marks an acceleration from September, when PPI was up 6.3% from a year earlier. The October figure was released as the latest inflation data point for markets.

TREE NEWS reports: Canada’s wholesale sales rose 0.7% in September from the previous month, topping expectations of 0.5%, after a revised 1.6% decline in August. The September gain marks a rebound from the prior month’s contraction.