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Latest: Fintech News

China E-Commerce Giants Face Tariff Hit if US Bill Passed
China E-Commerce Giants Face Tariff Hit if US Bill Passed

US lawmakers are set to introduce a bill to eliminate a tariff exemption widely used by e-commerce sellers to send small orders from China to US shoppers

TikTok Emerges as Preferred News Platform of Young Adults
TikTok Emerges as Preferred News Platform of Young Adults

The China-owned short video app was used by 20% of 18-to 24-year-olds for news, up five percentage points from last year

Chinese Companies Prepare for Weaker Yuan as Rate Cuts Loom
Chinese Companies Prepare for Weaker Yuan as Rate Cuts Loom

The speed of the yuan's slide has caught many off-guard. JP Morgan recently downgraded its year-end yuan forecast, from 6.85 per dollar to 7.25 per dollar.

US Set to Rejoin UNESCO in Move to Bolster Tech Influence
China Warns US to Stop Interfering in Call Ahead of Blinken Trip
Intel Looking to Become Anchor Investor in SoftBank’s Arm IPO
US ‘to Extend’ China Chip Curb Waivers for South Korea, Taiwan
India Denies Dorsey Claim of Threat to Shut Down Twitter
US, Japan and Taiwan Agree to Share Drone Intel – FT
Firms Backing China’s PLA Pilots, Missiles Hit in US Crackdown

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