Flash News

TREE NEWS update: A train bound for Warsaw was struck by a drone in Ukraine, Polish State Railways said on the 13th. Casualty figures are not yet known. The company gave no further details on the location of the incident or the extent of damage to the train.

TREE NEWS update: China’s Ministry of Water Resources and the China Meteorological Administration jointly issued an orange flash flood warning at 18:00 on September 13. From 20:00 on September 13 to 20:00 on September 14, flash floods are likely in parts of southern Hainan Island, with a high probability in the southwestern area. Local authorities are urged to strengthen monitoring, flood warnings and evacuation preparations.

TREE NEWS update: Iranian Foreign Minister Araghchi said on September 13 that a meeting in Oman on September 14 will focus on a new maritime route inside the Strait of Hormuz. Iran will present details of an agreement reached with Oman and a roadmap for the route. Araghchi stressed the agreement does not mean the Strait will reopen; reopening depends on the United States fulfilling commitments under the “Islamabad Memorandum of Understanding.”

TREE NEWS update: Chinese Academy of Engineering academician Wu Jiangxing said at the Pujiang Innovation Forum’s space computing industry session on September 13 that very low Earth orbit (VLEO) is the last strategic new resource layer in Earth’s space. He said 2026-2030 is a critical five-year window for China to change lanes and must achieve a full leap from technical trials to large-scale application. Missing it would let others seize orbital, spectrum and international standard resources first.

TREE NEWS update: An Iranian container ship was struck by an unidentified projectile near the Strait of Hormuz on 13 May, killing one person and injuring four, Iran’s IRNA news agency said, citing local officials. The same day, the UK Maritime Trade Operations office reported a vessel was hit by an unidentified projectile while transiting the strait, catching fire, with authorities assisting in evacuating those aboard. The incident remains under investigation and vessels are advised to transit with caution.

TREE NEWS reports: Leopold Aschenbrenner’s Situational Awareness has re-entered the public market, buying options on AMD, Bloom Energy, CoreWeave, SK Hynix, SanDisk and the DRAM ETF, CNBC reported. The fund’s Q2 13F showed $20.2 billion in notional holdings, up from $13.7 billion in Q1. It has hired broker Clear Street and told the firm it will use significantly less leverage than before; JPMorgan has ended its lending relationship with the fund.

TREE NEWS update: Iranian Foreign Ministry spokesman Baghaei said on September 12 that the IAEA resolution on Iran’s nuclear issue is a “politicized” decision. He said Iran has committed no violations and that the IAEA has found no evidence Iran’s nuclear program has deviated from peaceful purposes, accusing the E3 and the United States of pressuring the agency.

TREE NEWS reports: Yemen’s Houthi movement said 73 ships transited the Bab el-Mandeb Strait over the past 48 hours, equal to 98.6% of the daily average before its July 20 maritime embargo on Saudi Arabia. The group said all international vessels except Saudi ships now pass through the strait safely and smoothly, close to normal levels.

TREE NEWS reports: Polymarket traders now put the odds of an OpenAI IPO before March 31, 2027 at 33%, down 18% in a week, while the market for an IPO before June 30, 2027 rose 5% to 55%. The market settles “Yes” only if OpenAI completes an IPO by the specified date, confirmed by an official company announcement and credible news sources, and settles “No” immediately if OpenAI is acquired by a listed company. CEO Sam Altman has said OpenAI will not IPO this year, pushing any listing to at least 2027.

TREE NEWS update: Chinese President Xi Jinping said the 15th Five-Year Plan is both a blueprint for China’s own development and a cooperation list open to the world, speaking on September 13 in New Delhi at the second session of the 18th BRICS Leaders’ Meeting. Xi said China will keep pushing high-quality development, expand high-level opening-up, implement the Global Development Initiative and advance high-quality Belt and Road cooperation to share opportunities and prosperity with other countries.

TREE NEWS update: Chinese President Xi Jinping proposed five initiatives on deepening BRICS cooperation at the 18th BRICS Leaders’ Meeting in New Delhi on September 13, including an AI open-source sharing initiative, a trade and investment facilitation initiative, a digital industry cooperation initiative, a smart manufacturing cooperation initiative and a science and technology talent initiative. Xi said BRICS must keep industrial and supply chains stable and smooth and build an integrated large market, letting emerging technologies light the path to shared prosperity.

TREE NEWS reports: Interest-rate swaps now price about a 90% chance the Federal Reserve hikes next week, up from 69% before this week’s US inflation data, with two hikes fully priced for the year. August PPI rose 5.4% year-on-year versus 5.3% expected, while CPI held at 3.4% but core CPI rose 0.3% month-on-month against a 0.2% forecast. All three major US stock indexes fell from highs as oil returned to $100.

TREE NEWS reports: Vy Capital holds roughly 3.4% of SpaceX, a stake valued at about $40 billion, making it the rocket company’s fifth-largest shareholder, ahead of disclosed positions held by Sequoia Capital and a16z. The venture firm first invested in SpaceX in 2016, when the company was valued at about $15 billion. Vy Capital’s assets under management rose from $27 billion at the end of last year to $50 billion by June, with a 41% gross IRR since its 2014 founding.

TREE NEWS update: Venture capital firm Vy Capital currently holds about a 3.4% stake in SpaceX, valued at roughly $40 billion, making it SpaceX’s fifth-largest shareholder, with a holding larger than the disclosed positions of Sequoia Capital and a16z. Vy Capital first invested in SpaceX in 2016, when the company was valued at about $15 billion. The firm’s assets under management have grown from $27 billion at the end of last year to $50 billion as of June this year, and it says it has delivered a total internal rate of return of 41% since its founding in 2014, having distributed $4.6 billion to investors.

TREE NEWS update: Chinese President Xi Jinping attended the second session of the 18th BRICS Leaders’ Meeting in New Delhi on the morning of September 13 local time and delivered an important speech. The session was part of the BRICS summit schedule in the Indian capital.

TREE NEWS update: Iranian President Masoud Pezeshkian said on September 13 in a social media post that Iran will never surrender, condemning US strikes on Iranian civilian infrastructure that he said have disrupted food supplies and people’s livelihoods. He asked whether the United States, “if it still has any humanity, why deprive people of access to water, food and medicine?” Pezeshkian stressed that the Iranian people will not bow to bullying.

TREE NEWS reports: SK Group Chairman Chey Tae-won said the AI data center the group is building in Ulsan has expanded to nearly 900 megawatts, and that SK plans to announce more partnerships with global technology companies as the project advances. The Ulsan facility is being developed jointly by SK Group and Amazon AWS, with an expected investment of 7 trillion won ($5.2 billion) and operations targeted for the second half of 2027.

TREE NEWS update: China’s Ministry of Water Resources activated a Level IV flood defense emergency response for Hainan at 10:00 on Sept. 13, as a South China Sea tropical depression is forecast to bring heavy to torrential rain to the island from Sept. 13 to 15. The ministry warned that some small and medium-sized rivers in the storm zone could exceed warning levels, and directed local water departments to focus on small reservoir safety, flash-flood prevention and river flood defense.

TREE NEWS update: Iranian President Masoud Pezeshkian said on the 12th that Iran and Saudi Arabia are “not in a state of war,” speaking in an interview in India. He said Iran has repeatedly stressed that all countries in the region should sit together to jointly build regional peace and security. There is no reason for conflict or war between regional states, he added.

TREE NEWS update: The Korea Exchange will open trading in almost all local stocks until 8pm from Monday, extending past the current 3:30pm close in a first for a major Asian bourse. The move is a step toward the exchange’s goal of 24-hour trading from December 2027 and will test whether sufficient liquidity can be sustained over the longer session.