TREE NEWS update: Emirates Group reported after-tax profit of AED 3.6 billion ($980 million) for the April-to-September first half of its fiscal year, down 66% year on year. The Dubai-based aviation group attributed the decline to regional conflict and high oil prices. The figures were disclosed on November 5.
TREE NEWS update: Federal Reserve Bank of Richmond President Thomas Barkin, a 2027 FOMC voter, said demand is solid and the economy is in good shape. He added that costs are widely reported to be elevated and rising, and that strong corporate revenues are supporting investment and hiring.
TREE NEWS reports: Su Jie, a researcher in Volcano Engine’s automotive business, has reportedly left the company, with his next destination unclear. People close to Volcano Engine said claims that he was the “No. 1” R&D lead for the auto business are inaccurate, noting he had moved to an individual-contributor role months before leaving and no longer managed a team. The personnel change will not affect the normal launch of Volcano Engine’s automotive products.
TREE NEWS update: The European Commission said on December 5 it is too early to conclude whether multiple bomb threats against passenger flights in Europe are linked, and national authorities are still investigating. EU Transport Commissioner Apostolos Tzitzikostas, speaking in Dublin, said the bloc has activated an aviation security information-sharing mechanism and that no information yet indicates whether cyberattacks are involved.
TREE NEWS update: The National Bank of Poland has booked a paper gain of 140 billion zloty on its gold reserves, the central bank’s governor said. The unrealized profit reflects the rise in gold prices on the bank’s bullion holdings. The governor gave no further detail on the size of the reserve or the valuation date.
TREE NEWS update: The 7th World Media Summit’s AI and Chinese Modernization Forum was held in Beijing on Nov. 5, releasing a batch of major outcomes. Media representatives, academics and industry figures discussed the theme “‘AI+’ and a New Global Consensus on Communication Governance,” addressing how global media can transform and seize opportunities amid the AI wave. The forum highlighted AI’s accelerating integration across industries and its reshaping of production and knowledge creation.
TREE NEWS update: Apple is seeking to raise up to $7 billion through a dollar-denominated bond issuance, the company said. The debt sale would add to the iPhone maker’s already substantial cash and debt management program. No further terms of the offering were disclosed.
TREE NEWS reports: US nonfarm business output rose 3.7% annualized in the third quarter, the fastest pace in a year, the Bureau of Labor Statistics reported Thursday. Unit labor costs fell 0.7%, the first decline since the second quarter of 2025, as firms invested in new technology and equipment. Hours worked grew 0.1% and hourly compensation rose 2.9% annualized, while the labor share of output fell to 53%, the lowest since records began in 1947.
TREE NEWS update: AstraZeneca announced at the ninth China International Import Expo the formal establishment of AstraZeneca Cell Technology (Shanghai) Co., Ltd. in Shanghai Lingang, completing its end-to-end cell therapy footprint in China from R&D to commercial production and supporting supply to Chinese and Asian markets. The company also began construction on an upgrade to the new drug development and supply building at its Wuxi manufacturing and supply base, investing nearly RMB 200 million to boost production and global launch supply of innovative cardiovascular drugs.
TREE NEWS update: VerifiedX has shipped a vault update that lets owners set their own delay before a transfer settles, the layer 1 network said. The change is aimed at stopping transfers of hacked vBTC and comes a week after attackers took over 18,000 BTC from Binance.
TREE NEWS update: Many embodied intelligence companies are struggling because they can only train on a leading overseas chipmaker’s hardware, Moore Threads co-founder and executive president Wang Dong said on the 5th. A machine that costs several million yuan abroad now costs 20 million yuan in China, he said, calling the cost too high.
TREE NEWS update: Polygon has drafted PIP-93, a proposal that would consolidate contract upgrade powers under an 8-of-11 Security Council, with a seven-day delay for Polygon Labs proposals. The plan would give Polygon Labs a new route to upgrade contracts while shifting approval authority to the council. The draft is under review.
TREE NEWS update: The Shenzhen Stock Exchange’s listing review committee will meet on Nov 12 to review XFusion’s initial public offering application for the ChiNext board. The session is the 61st listing review meeting of 2026. A positive review would move the server maker a step closer to listing on the ChiNext market.
TREE NEWS update: The Bank of England raised its key interest rate by 25 basis points to 4% on Thursday, its first rate increase in more than three years, with eight of nine committee members backing the 25bp move and one favoring 50bp. Governor Andrew Bailey said it is unlikely to be the last hike unless the Middle East conflict is resolved, and the central bank sharply raised its inflation forecast, now expecting a peak in the second quarter of next year, while nudging up its GDP growth forecasts to 1.6% this year and 1.3% next year.
TREE NEWS reports: The secured overnight financing rate (SOFR) stood at 3.94% on Nov. 4, down from 3.97% the prior day. The reading came as midterm election results showed Democrats sweeping both chambers of Congress. SOFR is the benchmark rate for dollar-denominated overnight repo transactions.
TREE NEWS update: Federal Reserve’s Hammack said policy will need to shift to a restrictive stance, noting that broad price pressures reflect supply and demand conditions. Hammack said she favors frequent, small interest-rate adjustments, adding that inflation has moved in the wrong direction since March. She also said the dollar’s global role is unlikely to change soon, though its share of global reserves may have peaked.
TREE NEWS reports: Goldman Sachs and Apollo Global Management are negotiating with the US government and Wall Street investors to begin selling shares in a roughly $40 billion chip financing deal for SpaceX. Investors are being asked to buy individual stakes of up to $500 million before a formal syndication process starts. The debt package will fund about $47.3 billion in GPU purchases — Nvidia’s latest Rubin chips, due for delivery in the first half of 2027 — and is structured to keep the debt off SpaceX’s balance sheet.
TREE NEWS reports: Global gold ETFs recorded a net inflow of $2.7 billion in October, with European funds contributing the most significant share, the World Gold Council said. Holdings rose by 19 tonnes to 4,275 tonnes. Despite the inflows, assets under management fell 6% to $542 billion as gold prices declined during the month.
TREE NEWS reports: Zai Lab reported third-quarter total revenue of $108.2 million, with product revenue of $107.6 million, down 7% year over year but up 2% sequentially. The company said the sequential improvement came mainly from broader coverage and higher penetration of core products and initial sales of xanomeline-trospium, partly offset by lower tumor-treating fields revenue.
TREE NEWS update: Chinese Vice Premier He Lifeng conducted a research trip to Beijing from Nov. 4 to 5, calling for faster progress toward high-level technological self-reliance and a deeper integration of technological and industrial innovation. He said the efforts are meant to drive the economy toward sustained, new and improved development. He is a member of the Political Bureau of the Communist Party of China Central Committee and a State Councilor.