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Latest: Fintech News

US Probe Shows China Unfairly Dominates Shipbuilding: Sources
US Probe Shows China Unfairly Dominates Shipbuilding: Sources

Latest US probe finds China subsidized labour costs in the shipbuilding as part of plan to dominate the sector; analysts say it opens the door to tariffs by Trump

TikTok Ban: Supreme Court Case Begins, Billionaire Bids For App
TikTok Ban: Supreme Court Case Begins, Billionaire Bids For App

The app and its Chinese parent have maintained that selling off US operations was not possible as it would be a complicated process that would also be prohibited by Beijing

US Trade Deficit With Vietnam Tops $110 Billion as Dong Weakens
US Trade Deficit With Vietnam Tops $110 Billion as Dong Weakens

A rise in the value of the dollar has hit the Southeast Asian currency and caused an 18% spike in the trade deficit over the first 11 months of 2024

Practical Use Of Quantum Computers 20 Years Away: Nvidia Chief
Biden’s Final Fling: Curbs on US-Made AI Chips, Russia Sanctions
Deflation Risk in China as Weak Demand Hits Consumer Prices
Trump May Declare National Economic Crisis For New Tariffs: CNN
Meta Ditches Fact Checking in US Ahead of Trump Taking Office
Can Musk’s Ties With Trump Overcome US Military Ban on CATL?
Tencent and CATL Shares Sink After Listing by US Defence Dept

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