Real-time News

On September 11th, BMO Capital Markets initiated coverage of Lululemon this week with an underperform rating, stating that the sportswear company's transformation will not be quick or easy as it cedes market share to competitors and faces escalating sales declines. Analysts led by Kelly Crago said the Vancouver-based company's weak quarterly report and downwardly revised full-year outlook reveal a business facing deep challenges. Performance in the Americas region is deteriorating as emerging brands like Alo and Vuori gain popularity among younger consumers. Crago's $70 price target—the second lowest on Wall Street according to compiled data—means a drop of approximately 28% from Thursday's closing price. BMO is just the latest institution to issue a bearish call on the retailer, with at least four brokerages downgrading its ratings since June; the stock currently has six sell-equivalent ratings, 29 hold ratings, and two buy ratings.

On September 11, Wang Hongzhi, Director of the National Energy Administration of China, met with Ali Shahbana, UN Under-Secretary-General and Executive Secretary of the Economic and Social Commission for Asia and the Pacific (ESCAP), in Beijing on September 9. The two sides exchanged in-depth views on the Asia-Pacific energy transition and energy cooperation between China and ESCAP. Wang Hongzhi stated that ESCAP is the largest intergovernmental organization of the United Nations in the Asia-Pacific region. Through multi-level cooperation mechanisms such as the Asia-Pacific Energy Ministerial Forum, it has played a positive role in maintaining global energy market stability and accelerating regional energy transition. China attaches great importance to its strategic cooperation with ESCAP and will continue to support ESCAP's work and meetings in the energy sector, actively participate in and share China's experience in green and low-carbon development, and continuously contribute Chinese wisdom and strength to promote sustainable energy development in the Asia-Pacific region.

September 11 – The Ministry of Natural Resources announced on September 11 that the 28th China International Mining Conference's "Financial Support for Mineral Exploration Breakthroughs" high-level forum was successfully held at the Tianjin Meijiang Convention and Exhibition Center on the morning of September 11. At the forum, the "Initiative for Financial Support for a New Round of Mineral Exploration Breakthroughs Strategic Action" was released, advocating for the entire industry to work together to deeply integrate financial resources into all aspects of mineral exploration breakthroughs, helping the new round of strategic action for mineral exploration breakthroughs achieve practical results and contributing to the high-quality development of the mining industry.

Conservative Party leader John Polier: Tariff-free trade will help reduce inflation.

On September 11, Ukraine announced it had attacked a major Russian oil refinery in the Volga region, as Kyiv intensified its attacks on Russian energy infrastructure. The Ukrainian General Staff stated that a fire had been detected at the Saratov refinery, and the extent of the damage was being assessed. Ukraine resumed attacks on Russian energy assets this week after a four-day suspension due to a US envoy's visit to Moscow and Kyiv for peace talks. Since Sunday, Ukrainian officials have confirmed attacks on three refineries, two Arctic natural gas condensate processing plants, and a fuel oil terminal on the Black Sea. By targeting enemy refineries, Ukraine aims to disrupt Moscow's ability to obtain funding and sustain operations. These attacks have led to a decline in Russian road fuel production, prompting the government to temporarily ban most gasoline and diesel exports.

On September 11, Tardos, head of the Hungarian Debt Management Agency, stated that the decline in Hungarian long-term domestic bond yields is about halfway complete, a decline triggered by the country's plan to converge with the Eurozone. Following Prime Minister Majol's victory in the April election and his announcement of his intention to join the Eurozone, the yield on Hungarian 10-year forint bonds fell by more than 2 percentage points from its March peak. Tardos also stated that convergence with the Euro will help buffer the impact of increasingly uncertain international bond markets, whose volatility often disproportionately affects smaller emerging markets. He said that even if global turmoil pushes up costs in core markets, Hungary's convergence process could be accompanied by a significant drop in yields.

Iran's Foreign Ministry: The International Atomic Energy Agency risks becoming a tool of aggression.

On September 11, DeepSeek announced that, in response to user demand, it will continue to provide DeepSeek V4 Pro API call services after September 14, 2026, with the billing method remaining unchanged. Any changes will be announced separately.

On September 11th, Apple unveiled its first foldable phone, the iPhone Duo, at its fall product launch event. Despite being more than a month away from official release, the iPhone Duo is already experiencing demand for pre-orders and proxy purchases, with some retailers offering high prices in advance. According to the Dewu App, pre-orders for the iPhone Duo have already been completed, with the final price reaching 39,999 yuan, 24,000 yuan higher than the official starting price of 15,999 yuan, representing an increase of approximately 150%. Meanwhile, some retailers on the platform are already offering prices as high as 59,999 yuan, 44,000 yuan higher than the official starting price.

On September 11, the Shenzhen Stock Exchange announced that from September 7 to September 11, 2026, it took self-regulatory measures against 92 cases of abnormal securities trading, involving abnormal trading situations such as intraday price manipulation and false declarations; it also investigated 7 major events of listed companies and reported 5 suspected cases of illegal and irregular activities to the China Securities Regulatory Commission.

On September 11, Premier Li Qiang chaired an executive meeting of the State Council. The meeting emphasized the need to combine short-term and long-term solutions, address both symptoms and root causes, and implement differentiated policies to comprehensively improve the safety capabilities of aging reservoirs. It stressed the importance of enhancing the targeted effectiveness of the renovation and upgrading of aging reservoirs, scientifically optimizing renovation standards, developing tailored renovation plans for each reservoir, strictly controlling project quality, and simultaneously improving scheduling management and daily maintenance. The meeting also called for strengthened inter-departmental coordination and resource guarantees, and attracting more social capital participation.

German union representative: German workers should not be made to bear the cost of US tariff policies.

On September 11, a spokesperson for the Ministry of Commerce stated that the US actions were an attempt to suppress and smear China. The US claim that China is a "dual threat" militarily and economically is a completely fabricated and malicious slander. China's technological breakthroughs in fields such as artificial intelligence, semiconductors, and biotechnology are the result of the hard work of Chinese researchers and enterprises, and are by no means prey for US intelligence agencies to covet. The US's actions are essentially driven by anxiety about China's technological progress, but espionage and hegemonic suppression cannot stop the innovative progress of Chinese enterprises, nor can they bring true technological leadership. The US's blatant espionage tactics are doomed to failure.

According to CCTV: Li Qiang chaired an executive meeting of the State Council, which pointed out that it is necessary to focus on changes in the school-age population to rationally allocate educational resources and make overall arrangements for the supply of school places, teacher allocation, and funding.

French Finance Minister Jean-Michel Lescourt said on Friday that the French economy will grow slower than expected this year, and the government will be unable to meet its budget deficit target. Lescourt stated that he lowered the government's economic growth forecast for 2026 from 0.7% to 0.5%, but maintained the 1.0% growth forecast for next year. "This year has seen an extremely severe crisis, involving four different types of shocks," Lescourt said, citing factors such as domestic political uncertainty, soaring energy prices, extreme summer weather, and a surge in borrowing costs in the bond market. The downward revision of the economic outlook makes the government's task of pushing through the 2027 budget in a deeply divided parliament in the coming months even more challenging. All parties have taken a hard line ahead of the two rounds of presidential elections held in April and May. Lescourt stated, "The reality is that the budget was based on the assumption of 5%; and the reality is that the 5% target is no longer feasible."

UBS is buying back $7.9 billion of Credit Suisse's legacy debt, its largest move to reduce its inherited debt burden since taking over the city rival, according to compiled data. The Swiss bank completed its debt buyback offer on Friday, the largest such repurchase to date. UBS's legacy debt on its balance sheet is currently around $29 billion, down from the approximately $90 billion equivalent when the government brokered its acquisition in 2023. The latest offer helps accelerate the repayment of this debt, which has been declining in recent years due to bond maturities. When UBS first announced the offer last week, it said the move was part of its "active management" of funding and total loss-absorbing capacity, as well as to optimize interest expenses. The bank ultimately raised the maximum purchase amount for the bonds twice, first from $2 billion to $4 billion earlier this week, and then to $5.9 billion.

On September 11, according to US media reports, Anthropic discovered that a group in northern Yemen was using its Claude AI model to support the development of missile and rocket systems, highlighting growing concerns about the misuse of advanced AI in military projects and by non-state actors. In its latest AI abuse detection and countermeasures report released Thursday, Anthropic stated that these unidentified actors are advancing three weapons projects, including a guided rocket, a ballistic missile with a claimed range of over 2,000 kilometers (1,243 miles), and a missile series called R2000. The Yemeni group used Claude to help develop guidance, navigation, and control software, effectively replacing some tasks typically performed by software engineers. These actors allegedly spread the work across multiple AI sessions and concealed the military nature of the projects to evade detection. Anthropic released this information as the Iranian-backed Houthi rebels continue to launch missile and drone attacks on shipping routes in the Red Sea, a key global trade route. In recent days, the armed group has advanced towards the Red Sea coast, which borders the strategic Bab el-Mandeb Strait, and fighting between it and Saudi-backed Yemeni forces has intensified. As the war with Iran continues to disrupt the energy market, oil prices have been pushed up.

On September 11th, at the "Space Computing Power Innovation and Development" thematic forum of the 2026 China Computing Power Conference, the China Academy of Information and Communications Technology (CAICT) and the Beijing Space Intelligent Computing Research Institute officially established the "Space Computing Power Key Technology and Scenario Verification Laboratory." This is the industry's first laboratory focusing on key technologies and integrated verification across multiple scenarios for space computing power. The laboratory will focus on four main areas: joint research on cutting-edge common key technologies such as radiation-resistant spaceborne AI chips, high-speed inter-satellite communication, and distributed resource collaborative scheduling; building a ground verification test field with "one center, two modules, four platforms, and one base" to conduct pilot-scale and engineering testing of space computing power; promoting the implementation and verification of typical scenarios in multiple domains, including space situational awareness, space-based assisted intelligent driving, and weather forecasting and early warning; developing relevant standards and specifications, outputting testing toolsets and public technical achievements, and coordinating the construction of a standard evaluation system.