Respected Indonesian Finance Minister Got An Hour's Notice Of Sacking, Sources Say

Sky News is citing Ukraine's air force to say that Russian drones have entered the airspace of Poland, threatening the city of Zamosc - which lies some 40 miles from the Ukrainian border. Some initial sources are citing a 'wave' of drones, but this remains unclear. Per Reuters:

Poland placed its air defenses on the highest state of readiness after Ukraine’s air force warned that Russian drones had crossed into Polish airspace, according to early reports.

The Polish Armed Forces said early Wednesday local time that all necessary procedures were activated to secure national airspace as Russia carried out large-scale overnight strikes on Ukraine.

“Polish and allied aircraft are operating in our airspace, and ground-based air defense and radar systems have reached the highest level of readiness,” the Operational Command said. It described the measures as preventive and aimed at protecting citizens in regions bordering Ukraine.

However, the initial Polish military statement itself did not specify a Russian breach of Poland's airspace:

This is not a first time that Russian drones have breached Polish airspace, prompting fighter jets to be scrambled, or else searches for crash or landing spots within the Polish side of the border. Some unconfirmed reports have said there have been intercepts over Poland.

Getting the attention of US Congressmen and likely the White House:

And open source monitoring sites are noticing an uptick in allied activity over eastern Poland...

Another Notice-to-Airmen (NOTAM) has been issued for Eastern Poland by the Polish Civil Aviation Authority within the last few minutes, this time for Lublin Airport, stating that the airport is unavailable due to “unplanned military activity related to ensuring state security.”

If indeed there has been waves of Russian UAVs breaching the Polish border, we can expect many jets from NATO to scramble, but as yet it's unclear what's going on in eastern European skies.

This coming winter could be one of the harshest yet for Ukrainians, given Russia has greatly ramped up it's nationwide drone and missile attacks, often targeting power and energy infrastructure - likely in response to Ukraine's own sustained cross border attacks on oil depots inside Russia.

Overnight, Ukraine's energy ministry said Russian forces struck a thermal power generation facility in the Kyiv region, which suffered some local blackouts and gas outages as a result. While much of the east of Ukraine has seen frequent mass outages throughout the war, this is a more rare occurrence for the capital area.

"The goal is obvious: to cause even more hardship to the peaceful population of Ukraine, to leave Ukrainian homes, hospitals, kindergartens and schools without light and heat," the ministry wrote on Telegram.

Illustrative: Thermal power plant near Kiev, Wiki Commons

This followed on the heels of the single largest aerial attack in three-and-half years of conflict, which resulted in a serious blaze at a government building (offices of the cabinet ministers) on Sunday. Russia's defense ministry confirmed that it targeted Ukrainian energy infrastructure in this newest strike.

Ukraine's electricity grid operator Ukrenergo later said several power sites for the country were hit. "Emergency repair work is ongoing, and most consumers had their power restored by Monday morning," it said.

Gas infrastructure was also damaged, resulting in over 8,000 properties in eight settlements suffering disconnect from their supply.

Serhiy Kovalenko, CEO of the Ukrainian energy company Yasno, wrote on X. "For several weeks now, the enemy has been striking energy system facilities in various regions." He further warned, "Of course, no one knows what will happen this autumn, but given the recent strikes, there is no particular cause for optimism."

Gazprom CEO Aleksey Miller is also warning of a cold winter full of needless suffering for the EU. Russian media carried his fresh comments as follows:

Citing data from Gas Infrastructure Europe (GIE), Gazprom said that as of end-August only two-thirds of the gas withdrawn from European storage facilities last winter had been replenished, after five months of injections. The shortfall of 18.9 billion cubic meters was the second largest on record for that date.

Gazprom, once the EU’s main supplier, reduced its exports to the bloc dramatically three years ago, following Western sanctions and the sabotage of the Nord Stream pipelines. Russian gas exports accounted for 40% of the bloc’s total supply before the escalation of the conflict and the imposition of unilateral sanctions by Brussels.

“We are now seeing the situation steadily worsening. This is what we have been talking about. Another year will pass, and where else can it go? If there is a normal cold winter, this will become a real problem,” Miller told Russia’s TASS news agency on the sidelines of the Eastern Economic Forum on Sunday.

Source: gazprom.ru

This summer has seen several Ukrainian attacks on LNG pipeline infrastructure going to Europe. Also, this weekend another major Russian crude refinery was on fire after direct Ukrainian drone strikes.

The attack unleashed two active fires at the major Ryazan refinery, southeast of Moscow, with witnesses hearing explosions early and overnight last Friday, after which large flames and thick smoke were spotted above the southern outskirts of the city.

Source: Zero Hedge

Lithium producers slumped on news that a Chinese mine idled last month may restart sooner than expected, threatening fresh pressure on prices for the battery material.Shares of Pilbara Minerals Ltd. fell as much as 17% in early trading in Sydney on Wednesday, while Liontown Resources Ltd., IGO Ltd., and Mineral Resources Ltd. all dropped by more than 10%. Earlier in New York, SQM and Albemarle Corp. fell 8.8% and 11%, respectively.Executives at Contemporary Amperex Technology Co. Ltd. told employees in a meeting early Tuesday to prepare for a resumption at the Jianxiawo site and recall front-line workers, said a person with direct knowledge of the matter, who asked not to be identified discussing private information. Battery giant CATL didn’t immediately respond to a request for comment.

The Jianxiawo mine in Yichun, a key Chinese lithium hub, has become a focal point for market sentiment. Its production halt due to an expired license stoked speculation that it was part of Beijing’s tougher stance on overcapacity and reflected a shift toward supply discipline. Days before Jianxiawo’s permit expired on Aug. 9 traders flew drones over the site in the hope of gauging the state of operation.“This signals the Chinese government is not keen to disrupt the value chain,” said Cameron Hughes, a battery markets analyst at industry consultancy CRU Group, adding the earlier return may trigger a decline for lithium prices. “The ease of the renewal process is a very positive sign that we will not see similar disruptions for other lepidolite producers.”

Prices of lithium carbonate — a refined form of the material used in batteries — have seen heightened volatility over supply uncertainties. On Tuesday, news of CATL’s plans to resume output sent shares of major lithium producers tumbling.“An earlier-than-expected restart of Jianxiawo can disrupt the theme of market rebalancing in the short term,” Jefferies analysts including Shuhang Jiang wrote in a note to clients. “We would not be surprised if China lithium stocks react negatively.”

Source: Bloomberg Europe

Political tensions, fierce domestic competition and China's slowing economic growth are sapping the confidence of U.S. businesses in the country, with optimism about their five-year outlook falling to a record low, a survey showed.Only 41% of U.S. firms were optimistic about their five-year China business outlook, a drop of six percentage points from last year, according to the survey published on Wednesday by the American Chamber of Commerce in Shanghai. This was the weakest level of optimism reported since the AmCham Shanghai Annual China Business Report was introduced in 1999.

The survey of 254 member companies representing a range of industries was conducted just after U.S. President Donald Trump announced his sweeping so-called "Liberation Day" tariffs, which led to a tit-for-tat tariff escalation with China. A pause in trade hostilities has since temporarily lowered tariff levels.Geopolitics remains the biggest issue cited by companies, with 66% of respondents saying U.S.-China tensions are the top challenge facing their business over the next three-to-five years.

"We love this 90-day pause, but the issue is not going away, it's still here," said Eric Zheng, president of AmCham Shanghai, adding that the current uncertainty made it difficult for companies to plan for the future."Hopefully the two governments will work together to sort out their differences and hopefully there will be a deal soon," he said.Domestic competition from rising Chinese players was the second-biggest challenge cited by businesses, overtaking China's economic slowdown.The number of profitable firms picked up from last year's record low, with 71% posting profits. Revenue performance also improved, with 57% of members, up from 50% the year before, achieving year-on-year growth.

This said, only 45% of surveyed members expect revenue to grow in 2025, which would be a record low if it comes to pass. A majority of companies, 64%, expect new U.S.-China tariffs to drag on this year's revenue.On a positive note, there was a significant 13-percentage-point uptick from last year - to 48% - in businesses that reported believing China's regulatory environment is transparent. The number confident that China's regulatory environment would open up further rose to 41% from 22% last year.

Only 12% of respondents ranked China as their firms' top investment destination, another record low in the survey's history.In the past year, 47% of companies have redirected investment that had been earmarked for China, the AmCham report said, with Southeast Asia remaining the top pick for rerouting investment.

Source: Yahoo Finance

Xiamen, China--(Newsfile Corp. - September 9, 2025) - The 25th China International Fair for Investment and Trade (CIFIT), the country's only national exhibition focused exclusively on investment, opened in Xiamen, East China's Fujian Province on September 8, 2025.Themed "Join Hands with China, Invest in the Future," the 2025 CIFIT will feature an exhibition area of approximately 120,000 square meters and host over 100 investment-themed activities, thus highlighting the fair's role as a landmark event for "Invest in China" and an international public service platform for two-way investment.

This year's CIFIT attracted delegations from more than 120 countries, regions and 11 international organizations, with 51 countries and regions setting up exhibition booths.The Ministry of Commerce will also organize chambers of commerce to release China's Outbound Investment Activity Index for the first time.Special events and forums will be held to boost bilateral and multilateral trade and investment, including a Thematic Session on Belt and Road Investment Cooperation, a China-U.S. Provincial and State Economic and Trade Cooperation Exchange Event, and a China-Azerbaijan Bilateral Investment Promotion Event.

The event will also host major forums, including the 2025 International Investment Forum and the 2025 Gulangyu Forum, alongside the release of 21 authoritative reports such as: UN World Investment Report 2025 (Chinese Edition), Report on Foreign Investment in China 2025, China Two-Way Investment Report 2025, and Analysis Report on the Trade Credit Environment of RCEP Countries.To highlight industrial matchmaking, the CIFIT this year has leveraged big data and artificial intelligence technologies to upgrade the "CIFIT Online" platform, establishing an integrated online and offline matchmaking system.

Meanwhile, a dedicated industrial investment promotion zone will be set up, focusing on advancing new quality productive forces. This zone will feature innovative technologies and high-quality projects in emerging fields such as digital technologies, green and low-carbon development, and new energy.Additionally, the fair will host over 100 roadshows and promotion events, integrating exhibition and negotiation to create greater cooperation opportunities for all participants.The United Kingdom is the guest country of honor at this year's CIFIT. Britain's 400-square-meter national pavilion, themed "Invest in GREAT," highlights key sectors such as financial and professional services, advanced manufacturing, life sciences, clean energy, and creative industries.

Source: TradingView

PMorgan Chase CEO Jamie Dimon is cautious about the U.S. economic outlook, believing that the full effects of tariffs and other geopolitical headwinds have yet to fully unfold.

"I think you better be careful on that one (on the economic impact on the U.S.) because some of these things have long cycles. So we don’t know yet. People are expecting these things to happen right away. But actually, a lot of them haven’t happened," Dimon said in a podcast interview on Office Hours: Business Edition set to be released on Wednesday morning.

The impact of tariffs, immigration, geopolitics and President Donald Trump's tax and spending package is still not fully known, Dimon warned. He added that the bank has doubled down on getting involved in policies that it thinks will help the U.S.

The U.S. economy grew faster than initially thought in the second quarter, in part driven by business investment in intellectual property such as artificial intelligence, but concerns about tariff uncertainty remain.

Despite the recent strength, Dimon said in a separate CNBC interview on Tuesday that the economy is weakening and that expected interest rate cuts by the Federal Reserve will be immaterial.

The 69-year-old CEO, who is a prominent voice on Wall Street, has maintained a cautious stance on the U.S. economy for several quarters even when his peers have been more optimistic. He has cautioned about the risk of recession, the possibility of credit spreads widening and inflation rising.

Dimon also said that he expects more consolidation to happen in the banking sector and downplayed the possibility of buying a bank overseas.

"We’re not allowed to buy a bank in the United States of America. We could overseas if we wanted to, but I probably wouldn’t," he added.

The bank plans to launch its digital bank in Germany in 2026 after establishing its presence in the U.K.

Dimon has run the biggest U.S. lender for more than 19 years, outlasting many other CEOs. He once again declined to give a time frame for his eventual retirement but said that the successor will most likely be an insider while he takes on the chairman role.

"It’s when they are ready and it’s time for me to go—or some combination of the two," Dimon said. "I have a great relationship with all the people here. The board is likely to make me chairman for a couple of years," he added.

Source: Reuters

The Trump administration on Tuesday criticized Israel's decision to launch a strike on senior Hamas officials in Qatar's capital city of Doha.

"Unilaterally bombing inside Qatar, a sovereign nation and close ally of the United States that is working very hard in bravely taking risks with us to broker peace, does not advance Israel or America's goals," press secretary Karoline Leavitt said in a statement to reporters at the White House.

"Eliminating Hamas, who have profited off the misery of those living in Gaza, is a worthy goal," however, she added.

The Trump administration was informed of the attack by the U.S. military, which learned of it just before it was carried out, Leavitt said.

She declined to say if the U.S. military, which maintains a major base in Qatar, had been alerted in advance by Israel of if it had learned of the impending strike through other means.

President Donald Trump "immediately" ordered Steve Witkoff, the U.S. envoy to the Middle East, to tell Qatar of the forthcoming attack, "which he did," the press secretary said.

"The President views Qatar as a strong ally and friend of the United States and feels very badly about the location of this attack," and he assured Qatar's leaders that "such a thing will not again on their soil," she said.

Trump also spoke with Israel Prime Minister Benjamin Netanyahu, who said "he wants to make peace and quickly" with Hamas.

But the strike on the capital of a foreign sovereign nation is a significant escalation of Tel Aviv's efforts to destroy the group that orchestrated the Oct. 7, 2023, invasion and massacre of Israelis.

On Tuesday morning, the Israel Defense Forces announced the "precise strike" in a social media post, accusing the targeted leaders of being "directly responsible" for Oct. 7.

The IDF's post did not identify the location of the strike. But a senior Israeli official confirmed to NBC News that it occurred in Doha.

The Trump administration was notified by Israel just before the attack, a White House official told CNBC.

Majed al Ansari, the spokesman for Qatar's Ministry of Foreign Affairs, condemned "the cowardly Israeli attack that targeted residential headquarters housing several members of the political bureau of the movement in the Qatari capital, Doha."

"This criminal assault constitutes a flagrant violation of all international laws and norms, and a serious threat to the security and safety of Qataris and residents in Qatar," the spokesman said in a translated X post.

A leading Hamas source told Al Jazeera, the Qatari media network, that the strike targeted the group's negotiating delegation, NBC reported.

The delegation was attacked during a meeting to discuss President Donald Trump's proposal for a ceasefire between Israel and Hamas, according to NBC.

The U.S. embassy in Doha issued a shelter-in-place order at its facilities in response to reports of the strike, but lifted all restrictions later Tuesday.

Source: CNBC