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Latest: Fintech News

Beijing Fumes as Canada Slaps 100% Tariffs on China-Made EVs
Beijing Fumes as Canada Slaps 100% Tariffs on China-Made EVs

Canadian Prime Minister Justin Trudeau has said China was 'not playing by the same rules' as the rest of the world. He is also considering similar levies on imports of chips and solar cells

Chinese Tech Giants Pouring Cash Into AI Processors – FT
Chinese Tech Giants Pouring Cash Into AI Processors – FT

Alibaba, Tencent and Bytedance are splurging on AI processors and infrastructure to meet strong demand for large-language models and data centres

Investors in Musk’s X Tied to Sanctioned Putin Allies – Essanews
Investors in Musk’s X Tied to Sanctioned Putin Allies  – Essanews

Scrutiny of X's links to Russian oligarchs comes ahead of the November US election that will see Democratic nominee Kamala Harris run against second-time Republican nominee Donald Trump

PDD Stock Plunges 28% as Revenue Hit by China Slowdown
Many US Manufacturers Don’t Want Tariff Hikes on China Imports
IBM Closing China Research Labs, Will Lay Off Over 1,000 Staff
Telegram CEO Arrested on ‘Miscalculated’ France Visit – Guardian
China Damns Latest US Ban on 42 Firms Tied to Russian War
China Using Microsoft, Amazon Cloud to Beat AI Chip Sanctions
Call For Ban on Single-Use Plastics as UN Treaty Talks Restart

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