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Latest: Fintech News

China Central Bank ‘to Allow a Weaker Yuan’ as Trade Risk Rises
China Central Bank ‘to Allow a Weaker Yuan’ as Trade Risk Rises

Letting the yuan depreciate could blunt the impact of US trade tariffs. And China's central bank has considered the possibility of the yuan dropping to 7.5-per-dollar to counteract trade shocks.

Nvidia ‘Facing $1bn Fine’ as China Opens Anti-Monopoly Probe
Nvidia ‘Facing $1bn Fine’ as China Opens Anti-Monopoly Probe

China's anti-monopoly probe into Nvidia comes just two weeks after it said it would support the American chipmaker's efforts ’to take root’ in the country

China Deploys Biggest Naval Fleet in 30 Years, Taiwan Warns
China Deploys Biggest Naval Fleet in 30 Years, Taiwan Warns

Taipei says China is showing its anger at its president's recent trip to Hawaii and Guam, with around 90 naval vessels in coastal waters and dozens of military aircraft

South Korea Left Without a Leader as Crucial Trump Tariffs Loom
India Wants Help From Musk’s Starlink on $4.2bn Drug Case
China’s BYD Gaining Greater Sales, May Outsell Ford, Honda
India Competition Body Seeks Ruling on Amazon, Flipkart Cases
China’s Jack Ma Sees ‘Great Changes’ From AI Era For Ant Group
Top Korea Leader Thought Martial Law Declaration Was Deepfake – CNN
Apple ‘to Invest $1bn in Indonesia’ After $100m Offer Rejected

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