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Latest: Fintech News

China’s Didi Posts Quarterly Profit as Comeback Continues
China’s Didi Posts Quarterly Profit as Comeback Continues

The ride-hailing outfit’s three-month surplus was its first since 2021 when it was the target of China’s cyberspace regulator

India Pondering EV Tariff Cuts to Tempt Tesla – FT
India Pondering EV Tariff Cuts to Tempt Tesla – FT

Elon Musk has reportedly demanded the concession in return for building a new production plant in a car market dominated by low-cost vehicles

China’s Focus on High-Tech Manufacturing Spurs Trade Fears
China’s Focus on High-Tech Manufacturing Spurs Trade Fears

Beijing's bid to upgrade manufacturing of high-tech goods like chips, solar panels, lithium batteries and EVs has led to concern the world will be flooded with an excess of such products

Biden Keen to Resume Military Ties With China to Avoid Flare-ups
Chinese Chipmaker Sues Micron For Alleged Patent Infringements
‘Serious’ Cyber Attack Halts Work at Four Australian Ports
China’s E-Commerce Giants Say Sales up on Singles Day
US Playing a ‘Sad Game’ With Nvidia, Chip Firms: Chinese Media
ICBC Relays Cash to US Unit, Orders Review into Cyber Attack
Arm’s Pricey Valuation Under the Scanner as Revenues Look Soft

Fintech: The Big Picture

ASML in the Centre of the Chip War

With a market cap of$240 billion, chipmaker ASML is Europe’s most valuable tech company. Its market-leading position comes from its monopoly in Extreme Ultraviolet Lithography (EUV) machines which allow chipmakers to make smaller, faster and smarter semiconductors