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Latest: Fintech News

Diplomats Say China Shutting its Doors to the West, Its Allies
Diplomats Say China Shutting its Doors to the West, Its Allies

Foreign envoys complain of lack of access to officials and scholars as geopolitical tensions simmer and officials become wary of contact amid a ramped up security drive and rising anti-Western sentiment

Global Finance System at Risk of a ‘Great Fracture’, UN Chief Warns
Global Finance System at Risk of a ‘Great Fracture’, UN Chief Warns

Guterres warned of fragmentation "in world economic and financial systems" amid differing views on technology and security; he also urged solutions for poor nations' debt and climate change

China’s Tencent Signals ‘Hunyuan’ AI Chatbot Launch
China’s Tencent Signals ‘Hunyuan’ AI Chatbot Launch

Domestic big tech rivals including Baidu Inc and SenseTime Group released their AI chatbots last week

China Tells State Officials to Stop Using iPhones at Work: WSJ
Huawei’s Chip Breakthrough ‘May Spur Tougher US Tech Curbs’
Foxconn Banking on Apple Lift After August Sales Drop
China Plans $40bn Bonanza for Chips After Huawei Breakthrough
New Huawei Phone Spurs Fear China Got Around US Chip Curbs
Espionage Fears Over Chinese ‘Tourists’ at US Bases – WSJ
China Facing Reality Check After Long Boom Built on Debt

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