Flash News

TREE NEWS update: Ukraine’s nuclear safety regulator said on October 1 that a nuclear research facility in the capital Kyiv was struck by a Russian drone, sparking a fire with no casualties and leaving the facility’s reactor undamaged. Russia has not yet responded to the claim.

TREE NEWS update: Eli Lilly said its drug Foundayo is associated with a reduction in long-term predicted risk of type 2 diabetes and cardiovascular disease. The finding links the treatment to lower modeled risk scores for the two conditions over the long term. No further figures or trial details were disclosed.

TREE NEWS update: An EU spokesperson said it is up to the United Kingdom to decide how it manages and develops its relationship with the European Union. The comment places the initiative for shaping post-Brexit ties on London, without the EU setting out specific terms or next steps.

TREE NEWS update: Huawei and Seres Group signed a new five-year strategic cooperation agreement on September 30 in Shenzhen, upgrading their AITO (Wenjie) business partnership under HIMA (HarmonyOS Intelligent Mobility). The signing ceremony was attended by Yu Chengdong, Huawei’s executive director and chairman of its Terminal BG, and Seres Group chairman and founder Zhang Xinghai. The deal extends the two companies’ existing collaboration on the AITO electric vehicle brand.

TREE NEWS update: ConocoPhillips said Thursday it is evaluating a possible sale of its Norway business and its UK Teesside assets after receiving an unsolicited acquisition offer. The company said the review fits its strategy of optimizing its portfolio, and that it will retain the assets if the offer does not meet expectations.

TREE NEWS reports: Bitcoin erased its gains following the release of a lower-than-expected PCE inflation reading, trading back below $86,000. Analysts cautioned that methodology changes to the inflation gauge complicated the interpretation of the data, leaving the crypto market without a clear directional signal from the print.

TREE NEWS reports: Traders reduced their bets on European Central Bank rate cuts and are now leaning toward three rate hikes by the end of 2027. The repricing marks a sharp shift in market expectations for the ECB’s policy path over the coming years.

TREE NEWS reports: The European Union is in discussions with member states about emergency diesel reserves. The talks signal Brussels is weighing contingency measures for diesel supply. No details on the size of the reserves, timing or which member states are involved were disclosed.

TREE NEWS update: Geely Automobile reported total September sales of 292,168 vehicles, up about 7% year on year, with its Zeekr brand more than doubling to 37,216 units. Exports surged 162% to 106,685 vehicles. Cumulative sales for the year to date exceeded 2.23 million units, up 3% from a year earlier.

TREE NEWS reports: Hedge funds have bought options betting on a weaker euro against the dollar, with large trades wagering on a decline outnumbering bullish wagers by more than two to one over the past two days. The euro fell to $1.1287 on Thursday, its lowest since May 2025, after dropping 2.5% against the dollar in September, its worst monthly performance since July 2025. Concerns over France’s next budget are weighing on the currency, while expectations of further US rate hikes are boosting dollar demand.

TREE NEWS reports: The EU is coordinating a common position with member states after the US asked European countries to release emergency diesel reserves to ease price pressure and avoid imposing an export ban. The EU’s Oil Coordination Group, made up of European Commission and member government representatives, asked members on Wednesday evening to confirm whether they had been approached by Washington, after one member said the US had made contact through bilateral channels.

TREE NEWS update: The 2026 Nobel Prizes will be announced from October 5 to 12. Physiology or Medicine, Physics, Chemistry and Literature will be revealed between October 5 and 8, followed by the Peace Prize on October 9 and the Economics Prize on October 12.

TREE NEWS reports: Meituan data showed county-level destinations saw a surge in visitor traffic on the first day of China’s National Day holiday. Homestay bookings in Hejiang County, Sichuan, jumped 139% year-on-year, while Daocheng County rose 117%. Bookings also climbed in Dafang, Guizhou and Luoning, Henan. Meanwhile, small-group tour orders continued to rise, with related searches up 21% year-on-year.

TREE NEWS reports: Iran’s Foreign Minister and Japan’s Foreign Minister held a phone call to discuss negotiations with the United States, Iran’s Tasnim news agency reported. No further details on the timing, participants or content of the talks were disclosed. The call comes amid ongoing diplomatic contacts between Tehran and Washington.

TREE NEWS reports: US Challenger layoffs fell 19.9% year-on-year in September, following a 38.5% year-on-year decline in the prior reading. The September figure marks a slower pace of annual decline than the previous month.

TREE NEWS update: Iran’s Permanent Mission to the United Nations said its delegation left New York on the evening of September 28, a departure it had notified the US State Department about in advance on September 17. The mission said the US State Department, having gained nothing from the talks, then spread baseless and worthless claims. US reports on September 30 said the September 28 US-Iran talks reached a deadlock with neither side willing to concede, after which Secretary of State Marco Rubio demanded the Iranian delegation leave the United States immediately.

TREE NEWS update: The Basel Committee on Banking Supervision met to advance regulatory initiatives and discuss risks and vulnerabilities in the global banking system. It approved the annual assessment of global systemically important banks and revised measures to reduce year-end window dressing, while adopting final standards for machine-readable Pillar 3 disclosures. The committee also agreed to consult on additional Pillar 2 guidance for interest rate risk in the banking book and will update its targeted review of prudential standards for banks’ crypto asset exposures by the end of this year.

TREE NEWS update: Pakistan’s military carried out airstrikes on two “terrorist camps” inside Afghanistan, the country’s Ministry of Information and Broadcasting said on October 1. Afghanistan’s government spokesperson said the strikes on Kunar province in the country’s east killed 9 people and wounded 11, and the Afghan government condemned the attack.

TREE NEWS reports: The euro’s one-month exchange rate against the US dollar touched its highest level since April. The move marks a fresh high for the single currency in roughly a month of trading.

TREE NEWS reports: International Energy Agency Executive Director Fatih Birol said he is very concerned about diesel prices, which have reached record highs in Europe and the United States. Higher diesel prices will push up agricultural commodity inflation in the coming months, he said, adding that liquefied petroleum gas prices are also causing problems in Africa and India. Birol said he will later address whether to release strategic reserves.