Flash News

TREE NEWS update: Canadian Prime Minister Mark Carney said a trade agreement with the United States is ‘possible,’ signaling potential progress in ongoing negotiations. The remark comes amid heightened trade tensions between the two countries. Details of the potential deal were not disclosed.

TREE NEWS update: Commerce Secretary Howard Lutnick admitted he misspoke when claiming no US troops died during the Iran conflict. In a September 2 CNBC interview, he described the administration’s approach as an economic stranglehold with no American casualties, but later acknowledged the error after President Trump posted about it.

TREE NEWS update: France’s Ecological Transition Minister Monique Barbut warned that this year’s heatwaves could cause over €15 billion ($17.3 billion) in economic losses. The estimate underscores the mounting financial impact of extreme weather on the country.

TREE NEWS reports: Hungary’s central bank is expected to pause its rate-cutting cycle and lower its inflation target. The move signals a shift in monetary policy amid evolving economic conditions. No specific figures or dates were provided.

TREE NEWS reports: Canada’s trade surplus narrowed sharply in July as gold and energy exports fell, with the share of exports going to the US dropping to 66.3%, the lowest since 1997 excluding pandemic periods. Exports to the US declined 6.6% month-over-month, the largest drop since April 2025.

TREE NEWS reports: The secured overnight financing rate (SOFR) stood at 3.65% on September 2, down from 3.66% the previous day. The effective federal funds rate remained unchanged at 3.63%.

TREE NEWS reports: The U.S. Energy Information Administration reported that natural gas inventories rose by 300 billion cubic feet last week, versus analyst expectations of 298.9 Bcf. The increase brought total storage to 3.21 trillion cubic feet, up 0.94% week-over-week (prior week +0.47%).

TREE NEWS update: Six Iranian military personnel, including three pilots from the air force and navy, were killed in US airstrikes on southern Iran on March 1. The strikes targeted multiple locations, resulting in the deaths of six members of the Islamic Republic of Iran Army.

TREE NEWS update: Saudi Arabia’s Humain, backed by the Public Investment Fund, launched humain-m3 on Thursday, an Arabic-language model built on MiniMax M3. The company claims it outperforms all other frontier models in seven public Arabic benchmarks. The model is available via Humain Node, a platform for developers and enterprises.

TREE NEWS update: The SEC’s Investor Advisory Committee will hold a public meeting at SEC Headquarters in Washington D.C. on Sept. 10 at 10 a.m. ET to discuss artificial intelligence technologies in public markets and the SEC’s related initiatives. The meeting is open to the public, with agenda details to be announced.

TREE NEWS update: China’s Ministry of Ecology and Environment issued the 2025-2026 allowance allocation plans for the national carbon market, covering power generation and expanding to steel, cement, and aluminum smelting in 2026. The plan details allocation scope, calculation methods, issuance, and compliance for these industries.

TREE NEWS update: The U.S. Energy Information Administration will release its weekly natural gas storage report at 22:30 Beijing time today. The report details changes in underground storage levels, a key indicator for natural gas supply and demand. Traders monitor the data for short-term price direction.

TREE NEWS update: Quantinuum has signed a memorandum of understanding with Saudi Aramco, the Saudi state-owned oil giant. The agreement outlines potential collaboration in quantum computing applications for the energy sector. Specific terms or a timeline were not disclosed.

TREE NEWS update: Irish Prime Minister Micheál Martin said Ireland needs to preserve its trade agreement with the United States. His remarks come amid ongoing trade tensions between the EU and the US. Martin emphasized the importance of maintaining strong economic ties with Washington.

TREE NEWS reports: The US ISM services index rose 1.3 points to 55.4 in August, the highest since February and above economist forecasts. New orders grew at the fastest pace since early 2023, while the business activity gauge hit its strongest level since 2022. Backlogs increased for a seventh straight month.

TREE NEWS update: Zhejiang Governor Liu Jie conducted a special research visit in Hangzhou on AI industry development, emphasizing deeper integration of innovation and industrial chains. He called for advancing the ‘AI+’ initiative to accelerate high-quality growth and build Hangzhou into a leading AI innovation hub.

TREE NEWS reports: Alibaba has filed numerous complaints over the past months regarding .ai domains related to its businesses. Domains including goofish.ai, taobao.ai, qwenchat.ai, and alibaba.ai were transferred to Alibaba entities after dispute proceedings, while a request for 1688.ai was rejected.

TREE NEWS update: Prime Minister Mark Carney announced that VIA Rail’s passenger cars will now be manufactured in Canada, marking the first such domestic production in 40 years; previously, these cars were built in the United States. The Canadian government will invest C$4.7 billion to manufacture and maintain 313 VIA Rail cars.

TREE NEWS update: China’s Foreign Ministry spokesperson Guo Jiakun said on Friday that China hopes South Korea will faithfully implement the one-China principle, following the withdrawal of a Chinese curatorial team from the Gwangju Biennale over alleged incorrect Taiwan-related practices. Guo cited the 1992 joint communiqué establishing diplomatic ties, in which Seoul recognized Beijing as the sole legal government and respected China’s position on Taiwan. He noted that South Korea has repeatedly reaffirmed its unchanged one-China stance this year.

TREE NEWS update: Nie Wenhui, vice chairman of the China Council for the Promotion of International Trade (CCPIT), met with David Perez, chairman of the American Chamber of Commerce in Hong Kong, in Beijing. They discussed strengthening US-China business exchanges, industrial chain and supply chain integration, deepening commercial legal service cooperation, and participation in APEC business activities.