Real-time News

A spokesperson for the German Foreign Ministry stated that oil and gas revenues remain a significant source of funding for Russia's war effort.

Market news: A bus was attacked by Russian forces near Kupyansk, Ukraine, resulting in three deaths.

Indonesian President: Considering austerity measures to mitigate the impact of rising global oil prices.

Iran's ambassador to the United Nations: Iran has the inherent right to "retaliate in self-defense".

German government spokesperson: We cannot ignore the Ukraine issue because of the Middle East conflict.

A German government spokesperson said that pressure on Russia must continue.

Indonesian President: Indonesia needs to take measures to reduce fuel consumption.

A spokesperson for the German Foreign Ministry stated that Hungary's use of the pipeline issue as a pretext is unacceptable.

Indian government officials are urging consumers not to engage in panic buying.

According to Sky News: Manufacturers are urging the UK to approve the Jackdaw and Rosebank oil and gas field projects.

Indian government officials: All gas stations have gasoline and diesel available.

On March 13, Alibaba Cloud launched JVS Claw, a "one-click shrimp farming" platform that allows users to control an AI-powered "lobster" via their mobile phones without any coding knowledge.

The UK's communications regulator, Communications Authority (CSA), is seeking public comment on Starlink's application and the proposed approval process by April 17, 2026.

March 13th - Thomas Mathews, Head of Asia Pacific Markets at Capital Economics, stated that the yen's weakness during the Iranian conflict is unlikely to signal the end of its safe-haven currency status. Compared to other G10 economies, Japan's relatively high exposure to energy price shocks may have diminished the yen's appeal. Market expectations of delayed interest rate cuts in the US and UK have led to rising bond yields in those countries, while Japanese bond yields have remained largely unchanged. This relative shift in government bond yields has reduced the attractiveness of yen-denominated assets. However, these factors could still turn in favor of the yen amid heightened concerns about global economic growth, and Japan's large net foreign asset position should also help it maintain its safe-haven currency status.

Maersk: Market-linked energy/fuel surcharge adjustments for Germany, Austria, and Switzerland will take effect from March 16 to March 30.

Shipping and trade sources: The pipeline carrying Iraqi Kirkuk crude oil to the Turkish port of Ceyhan was restarted on March 13.

On March 13th, Tianhong Lithium Battery announced that its subsidiary, Shaanxi Yijian Tianhong Technology Co., Ltd., plans to invest 718 million yuan to construct the Yijian Tianhong Huangling County 200MW/600MWh independent energy storage project. Located in Huangling County, Yan'an City, Shaanxi Province, the project will cover approximately 50.67 acres and is scheduled to commence construction in April 2026, with full-capacity grid connection and operation expected by the end of September 2026. The project will be funded by the company's own funds and bank loans.

On March 13th, Capital Economics economist Andrew Kenningham stated in a report that against the backdrop of rising oil and gas prices and their impact on inflation, the Swiss National Bank (SNB) is almost certain to keep its policy rate unchanged at zero next week. However, the transmission effect of energy prices to inflation will be relatively mild, and upward pressure on the Swiss franc will also suppress any inflationary impact. This means the threshold for rate cuts is high, while the threshold for rate hikes is even higher than that of the European Central Bank (ECB). He stated that given the current increased risk of an ECB rate hike, the SNB can maintain an interest rate differential of approximately 200 basis points with the ECB without lowering its policy rate.

According to Hong Kong Stock Exchange filings, Xiaomi Group (01810.HK) repurchased 2 million Class B shares for HK$67.5 million on March 13.