Category: Flash News

On April 24th, Yermak, the Director of the Office of the President of Ukraine, announced on his official social media platform that the Ukrainian delegation had met with Kellogg, the US government’s special envoy for Ukraine affairs, in London that day. He stated that Ukraine expressed its position during the talks and emphasized that an immediate, comprehensive, and unconditional ceasefire should be the first step towards starting negotiations to achieve a just and lasting peace. In any case, Ukraine will defend its principled positions in negotiations, as these positions are the foundation of Ukraine’s sovereignty and territorial integrity. Both parties agree to continue dialogue and maintain regular contact. Kellogg stated on the 23rd that the talks with Ukraine held in London were “positive”.

On April 24th, the Beige Book report released by the Federal Reserve on Wednesday showed that due to Trump’s repeated imposition of tariffs on US trading partners in recent times, uncertainty about the economic outlook has intensified in various jurisdictions of the Federal Reserve. The report points out that “overall economic activity has not changed much since the previous report, but uncertainty regarding international trade policies is widespread in reports from various regions.” In this issue of the Beige Book, the term “tariff” appears 107 times, more than twice as many as in the previous report; Expressions related to ‘uncertainty’ appeared 89 times. The report states that with increasing economic uncertainty, particularly concerns over tariffs, the economic outlook in multiple regions has “significantly deteriorated”. The report shows that prices are generally rising in various regions, and companies expect tariffs to push up input costs. Many companies have stated that they have received price increase notices from suppliers, and most of them plan to pass on higher costs to consumers.

On April 24th, TSMC plans to start producing A14 chip technology in 2028, aiming to maintain its leading position in the chip industry. This technology will drive the world’s largest chip manufacturer to surpass its current state-of-the-art 3-nanometer process, as well as the 2-nanometer process that will be launched later this year. TSMC also plans to launch the intermediate A16 process by the end of 2026.

On April 24th, international oil prices fell sharply on Wednesday, with WTI June crude oil futures closing down $1.40, or 2.20%, at $62.27 per barrel. Brent crude oil futures for June closed down $1.32, or 1.96%, at $66.12 per barrel. The main reason is that OPEC+internal sources have revealed that the organization may accelerate production for the second consecutive month in June.

On April 24th, representatives from Ukraine, the United Kingdom, France, and the United States were originally scheduled to hold talks in London on the 23rd to discuss issues such as the ceasefire between Russia and Ukraine; But according to multiple British and American media reports, the talks have been postponed. According to previously disclosed information, there are still differences among the parties regarding the content of the talks.

On April 24th, Pakistani Defense Minister Hewaja Asif announced that the National Security Council (NSC) of Pakistan will hold an emergency meeting on the 24th, chaired by Prime Minister Shahbaz Sharif, to discuss how to respond to a series of measures taken by India against Pakistan regarding the attack in Indian controlled Kashmir. On the 22nd, a terrorist attack targeting tourists occurred in Indian controlled Kashmir, resulting in the deaths of 25 Indian citizens and 1 Nepalese citizen, with several others injured. On the evening of the 23rd local time, in response to the terrorist attack in Indian controlled Kashmir on the 22nd, India announced a series of diplomatic and strategic countermeasures.

On April 24, news secretary Peskov of the President of Russia said in an interview that Russia believed that it was inappropriate to set a deadline for the ceasefire in the Russia-Ukraine conflict, and President Trump of the United States did not set such a deadline. He said that the presidents of Russia and the United States both agree that refusing dialogue is absurd. He revealed that the meeting between the two presidents is currently being prepared.

On April 24th, UN Secretary General Guterres delivered a speech after the Leaders’ Summit on Climate and Justice Transition, emphasizing that in the context of multiple global crises, countries must firmly fulfill their climate commitments, accelerate the transition to clean energy, and not let climate action deviate from its course. Guterres proposed two specific initiatives: first, countries should accelerate the submission of a new round of national climate plans and ensure that these plans are strong enough and have coverage. He called for countries to set emission reduction targets that cover all greenhouse gases and the entire economy, consistent with the 1.5 degree Celsius temperature control target, and accelerate a fair transition from fossil fuels to renewable energy. Secondly, countries should strengthen their support for developing countries. Guterres pointed out that Africa and Pacific island countries are facing faster climate change and rising sea levels. However, despite possessing 60% of the world’s high-quality solar energy resources, Africa only accounts for 1.5% of the world’s solar energy installed capacity and receives only 2% of renewable energy investment.

On April 24th, in response to the terrorist attack in Indian controlled Kashmir on the 22nd, India announced a series of strong diplomatic and strategic countermeasures. According to the announcement released by the Indian Ministry of Foreign Affairs, India has suspended the Indus Waters Treaty and ceased cooperation on river water sharing; Close important border crossings for trade and personnel exchanges between India and Pakistan; Ban Pakistani citizens from entering India; Expel all military advisors from the Pakistan High Commissioner’s Office stationed in New Delhi; Reduce the number of staff in the High Commissioner’s Office.

On April 23, Huatai Securities reported that in March 2025, China’s inverter exports amounted to 4.54 billion yuan, a month on month increase of 39.5%, mainly due to improved seasonal factors and accelerated construction of overseas large and industrial storage facilities. Among them, the amount of inverters exported to Europe reached 1.773 billion yuan, a month on month increase of 63.7%. Huatai Securities believes that the combination of interest rate cuts, the arrival of peak season, and the increase in storage capacity is expected to further promote the release of demand in Europe. In addition, Southeast Asia, South America and other regions are vigorously developing solar energy storage, and the demand is showing a strong trend. In the long run, the core drivers of demand in various regions are still power outages, rising electricity prices, and high growth in wind and solar installations. The demand for inverters is gradually shifting from point to emerging markets. With the further cost reduction of solar energy storage, the ceiling of the solar energy storage market is expected to rise, and we are optimistic about the sustainability of inverter demand.