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9/13
07:04
Senegal raised 101 billion CFA francs ($179 million) in a government securities auction on Friday, marking its first sale since announcing plans to seek a reworking of its external debt.
07:01
Zhipu announced on September 13 that the company has completed a new round of financing totaling approximately US$5 billion (approximately RMB 33.5 billion), consisting of approximately US$2 billion in share placement and approximately US$3 billion in zero-coupon convertible bonds. This financing comes just two months after its last placement financing of approximately US$4 billion in July, marking Zhipu's third equity financing since its listing on HKEX in January this year. Wall Street Insights analysis suggests that the financing structure of zero-coupon premium convertible bonds signals to the market an expectation for long-term stock prices.

According to the announcement, Zhipu intends to use approximately 60% of the net proceeds for the R&D of its next-generation GLM foundational model and "fully self-training" system, as well as the deployment and upgrade of large-scale training, production inference, hashrate resources, and related technological infrastructure; approximately 15% for business expansion, strategic investments, and potential mergers and acquisitions; and approximately 25% for optimizing its capital structure, supplementing working capital, and other general corporate purposes. The company expects these funds to be fully utilized by June 30, 2028.
06:33
Medical personnel stated that the attack, which occurred on Sunday in the Tal al-Hawa neighborhood of Gaza City, resulted in dismembered bodies. The Israeli military claimed its targets were two Hamas militants. Israeli attacks on the Gaza Strip have been a near-daily occurrence since the US-brokered "ceasefire" agreement last October.
05:57
Chinese President Xi Jinping stated on Saturday at the BRICS Leaders' Meeting in New Delhi that the complex evolution of the situation in the Middle East and the Gulf region, with conflicts causing severe losses to the people in the region, is not in the common interest of the international community. He emphasized that all relevant parties should adhere to the direction of political solutions, promote a permanent and comprehensive ceasefire, and focus on addressing the root causes of the problem by implementing the "two-state solution" with Israel. China is Iran's largest trading partner and energy export customer.
04:23
Elon Musk forwarded a tweet stating that he is not in favor of "cartels of state capture" and opposes AI that could harm humans. The tweet clarifies that Musk's call for caution to avoid economic damage from unsafe AI models is distinct from advocating for state regulation or capture of AI.
04:05
On the morning of September 13, local time, President Xi Jinping attended the second phase of the 18th BRICS Leaders' Meeting in New Delhi, where he put forward five initiatives for deepening BRICS cooperation: the AI Open Source and Inclusive Initiative, the Trade and Investment Facilitation Initiative, the Digital Industry Cooperation Initiative, the Intelligent Manufacturing Cooperation Initiative, and the Science and Technology Talent Development Initiative. Xi Jinping emphasized that BRICS countries should solidify the foundation of practical cooperation, leverage their advantages of being rooted in emerging markets and connected to the Global South, adhere to open cooperation and mutual benefit, maintain the stability and smooth flow of industrial and supply chains, foster an integrated large market, and build innovation incubators to upgrade traditional industries, develop emerging industries, and plan for future industries, allowing emerging technologies to illuminate the path to common prosperity.
04:01
Many Hong Kong landlords, once known as 'shop kings' for owning numerous properties, have gone bankrupt due to collapsing post-pandemic rents and tighter bank lending. Centaline Commercial reports that shop prices in the city have fallen more than 40% from their 2018 peak, and there are no clear signs of a market turnaround yet.
02:01
PwC is restructuring its India operations, merging its US and India outsourcing and consulting businesses into a joint venture with 40,000 employees to counter the growing threat of AI to the consulting industry.
01:41
The European Central Bank (ECB) was the first to tighten monetary policy last Thursday, marking its second rate hike since the outbreak of the Iran conflict. The Bank of England (BoE) is expected to keep interest rates unchanged in its decision this Thursday, but three officials already supported a rate hike at the July meeting, and with overall inflation in August projected to rise to a five-month high of 3.1%, the possibility of a shift to rate hikes as early as November cannot be ignored.
01:21
South Korean Industry Minister Kim Jung-kwan returned Sunday from three days of talks in New York, where he met US Commerce Secretary Howard Lutnick and other officials to discuss prospective projects, investment amounts, and terms under a major US investment program.
01:10
Lotte Group and KAIST have jointly opened a new research and development center, bolstering their industry-to-academia ties while ramping up capabilities for securing next-generation technology. Leaders from both sides, including Lotte Group Chairman Shin Dong-bin and KAIST President Bae Choong-sik, attended the completion ceremony of the Lotte X KAIST R&D Center at KAIST’s campus in Daejeon on Friday.
01:10
HD Hyundai and five of its subsidiaries—HD Korea Shipbuilding & Offshore Engineering, HD Hyundai Heavy Industries, HD Hyundai Samho, HD Hyundai Ocean Service, and HD Hyundai Electric—will jointly operate a booth, focusing on technologies such as LNG carriers, floating storage and regasification units (FSRUs), and liquefied CO2 carriers. Gastech 2026, the world's largest gas exhibition, will be held next Monday to Thursday in Bangkok, Thailand.
00:59
South Korean government officials and industry experts stated at the "Jeollanam-do-Gwangju Integrated Special City Semiconductor and AI Transformation Global Forum" that the country plans to establish major semiconductor production bases in the southwest, and its success will depend on the timely availability of electricity, water, permits, talent, and a supplier network to support future corporate investments.
00:53
Djibouti's Minister of Economy and Finance stated that approximately 1,400 Yemeni refugees arrived in Obock, Djibouti, within 24 hours as Houthi forces tightened their control over the Bab al-Mandab Strait. The International Organization for Migration (IOM) previously warned that at least 46,000 people have been displaced in Yemen since the escalation of fighting last week.
00:40
The Financial Times reports that non-digital products and activities such as diaries, Sudoku, puzzle books, as well as pens, Warhammer, and film cameras, are making a comeback, seen as part of an "anti-AI portfolio" trend.

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