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Latest: Fintech News

India Picks Germany’s ThyssenKrupp to Build Six Subs – RFI
India Picks Germany’s ThyssenKrupp to Build Six Subs – RFI

India has signed an $5.17-billion deal with German shipbuilding firm to build six non-nuclear submarines with local firm Magazon Dock

Indian Bike Maker Ola Electric Seen Starting Talks on IPO
Indian Bike Maker Ola Electric Seen Starting Talks on IPO

Ola's founder Bhavish Aggarwal plans to travel to Singapore, the US and UK over next two weeks to meet investors such as BlackRock, Singapore wealth fund GIC, and T Rowe Price, sources say

China Has Been Spying From Cuba For Years, US Says
China Has Been Spying From Cuba For Years, US Says

China upgraded its intelligence collection facilities in Cuba in 2019, a US official said on Saturday, adding that reports of a 'new' spy facility actually pre-date the Biden Administration

OpenAI Chief Urges South Korea to Supply Chips for AI Boom
US Bans China’s Ninestar, Chemical Firm for Forced Labour
Saudi Arabia Emerging as Hot New Market For Chinese Investors
Nikkei Rebounds, Hang Seng Rises Amid Fed Pause Hope
Acer Sold Goods Worth $70m to Russia Despite Vow to Halt Trade
China Hits Out at US ‘Slander’ Over Report of Cuba Spy Base
Deflation Risks Rise as China’s Factory Prices Slump in May

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