TREE NEWS update: The Bank of England will announce its interest rate decision at 20:00 Beijing time. No indication of the expected outcome was given. The decision is a scheduled central bank event closely watched by global markets.
TREE NEWS update: Thailand will block access to Bitget starting Dec. 5, while the crypto exchange’s planned acquisition of a local exchange remains pending regulatory approval. Seller GMO Internet has pushed the planned share transfer to Nov. 30 as it works through Thai regulatory procedures. The deal’s completion depends on the approval process.
TREE NEWS update: Bulgaria’s Air Force scrambled MiG-29 fighter jets on November 5 to intercept and escort three civilian airliners bound for the country after bomb-threat alerts were received, the Defense Ministry said. The Transport Ministry said checks of the three aircraft found nothing wrong. Two of the affected planes landed safely in Milan, one departing from Thessaloniki and the other from Porto.
TREE NEWS update: Chinese State Councilor Chen Yiqin conducted an inspection of employment and civil affairs work in Gansu from August 3 to 5, urging solid efforts to stabilize employment and ensure basic livelihoods. She called for resolute implementation of Party Central Committee and State Council decisions to meet this year’s targets.
TREE NEWS reports: WTI crude oil rose 1.0% intraday to break above $89 a barrel, trading at $89.04. The move marks a fresh push higher for the US benchmark, with the gain measured against the prior session’s close.
TREE NEWS update: The European Commission disbursed €4.36 billion to Ukraine on November 5, the latest tranche of the EU’s €90 billion Ukraine assistance loan. The funding is intended to meet Ukraine’s financing needs for 2026-2027, supporting the state’s basic operations, public services, and its defense capabilities and defense industry.
TREE NEWS update: SAIC Motor announced plans to establish a joint venture with controlled subsidiary Yandian Technology and Momenta (Suzhou) Technology, with registered capital of 300 million yuan. SAIC will contribute 75 million yuan for a 25% stake, Yandian 72 million yuan for 24%, and Momenta 153 million yuan for 51%. The JV aims to strengthen research and development of advanced driver-assistance technology and enhance the global competitiveness of SAIC’s vehicle products.
TREE NEWS update: The Henan Provincial Government Office issued a policy package to boost auto consumption, including rural new-energy-vehicle sales campaigns and national purchase-tax and vessel-tax exemptions alongside trade-in and scrappage subsidies. The measures also encourage local governments to issue vouchers for the auto aftermarket — repairs, tires, maintenance, power batteries and accessories — and support Zhengzhou’s pilot reform of auto distribution and consumption.
TREE NEWS update: Loopscale halted its protocol after a sustained week of targeted attacks in which its API received more than 30,000 malicious requests per day. The attacker focused on the SOL and USDC Genesis Vaults, which have been recapitalized with no loss to user deposits. The protocol said it will not resume operations until the full scope of the attack is determined and security is strengthened.
TREE NEWS update: Thailand’s Securities and Exchange Commission has filed a criminal complaint against Bitget’s operator and will block access to the exchange’s website and app from Dec. 5. The action targets unlicensed crypto trading in the country, cutting off a major offshore platform from Thai users.
TREE NEWS update: Henan’s provincial government issued measures to boost consumption, expanding its 2026 trade-in subsidy program to cover products including smart cleaning robots, digital cameras, dishwashers and dryers, with a 15% subsidy capped at 1,500 yuan per item. Each consumer may claim one subsidized unit per category within the province, under a first-come, first-served system until funds run out. The province will also run trade-in events in communities, villages, government offices, platforms and exhibitions.
TREE NEWS update: China Securities Regulatory Commission Chairman Wu Qing and Omani Foreign Minister Badr signed a memorandum of understanding on securities and futures regulatory cooperation between the CSRC and Oman’s Financial Services Authority in Beijing on Nov. 2, witnessed by the heads of state of both countries. The MoU is intended to strengthen regulatory exchanges and cooperation in securities and futures and support the healthy development of both capital markets.
TREE NEWS update: China’s Ministry of Industry and Information Technology opened a public consultation on draft interim rules for managing robot product identification codes. Under the draft, the ID code service platform must complete a formal review of registration information within 10 working days, registering qualified applications; where materials are incomplete or non-compliant, applicants will be notified within 5 working days.
TREE NEWS update: Meta has internally decided to stop naming its AI models after fruits, citing brand considerations that made the fruit codenames a poor fit for the company’s grand positioning in AI. The latest model, Wonder Full, carried the internal codename Watermelon; Meta says it is the company’s first frontier-level model. Earlier models were codenamed Avocado and Mango for language and image models respectively.
TREE NEWS update: SAIC Motor’s board approved a plan to set up a smart-driving joint venture with Momenta and others, registered capital of 300 million yuan. Momenta will subscribe 153 million yuan for 51%, SAIC 75 million yuan for 25% and Yandian Technology 72 million yuan for 24%, with SAIC and Yandian holding 49% combined. The venture aims to strengthen high-level driver-assistance R&D and global competitiveness.
TREE NEWS update: Heilongjiang province will launch a 100-day winter ice and snow tourism campaign running from Nov 8, 2026 to Feb 28, 2027, under the theme “Ice and Snow World, Passionate Longjiang.” The provincial government announced the initiative at a press conference, saying it will distribute 100 million yuan in consumption vouchers and aims to deliver a reassuring, comfortable and welcoming winter travel experience.
TREE NEWS update: Russian presidential spokesman Dmitry Peskov said on November 5 that a Russian delegation has received US visas to attend a meeting hosted by US First Lady Melania Trump. The delegation will include Human Rights Commissioner Tatyana Lantratova and presidential special representative for foreign investment and economic cooperation Kirill Dmitriev.
TREE NEWS update: Iranian Parliament Speaker Mohammad Bagher Ghalibaf on the 5th responded to US Vice President JD Vance, saying the United States is like “a gambler who keeps losing bets but can no longer leave the table.” The remark was a direct reply to Vance’s earlier comments, though the material did not specify what Vance said. The exchange marks the latest public rhetoric between Tehran and Washington.
TREE NEWS reports: American Bitcoin Corp (ABTC), the Trump-family-backed bitcoin miner, added 127 bitcoin to its treasury, bringing its total holdings to 8,427 BTC. The accumulation was disclosed by Bitcoin Treasuries monitoring on Nov. 5. The purchase adds to the company’s existing bitcoin reserve.
TREE NEWS update: BeiGene reported third-quarter 2026 global revenue of $1.9 billion, up 34% year over year, with Brukinsa (zanubrutinib) contributing $1.4 billion, also up 34%. GAAP diluted earnings per ADS were $3.28 and non-GAAP diluted earnings per ADS were $4.59. The company raised its full-year 2026 revenue guidance to $6.9–7.0 billion, with GAAP operating income of $1.2–1.3 billion and non-GAAP operating income of $1.9–2.0 billion.