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Latest: Fintech News

Many US Manufacturers Don’t Want Tariff Hikes on China Imports
Many US Manufacturers Don’t Want Tariff Hikes on China Imports

American firms producing electric vehicles to electric utility equipment largely want higher China tariffs to be reduced, delayed or abandoned altogether

IBM Closing China Research Labs, Will Lay Off Over 1,000 Staff
IBM Closing China Research Labs, Will Lay Off Over 1,000 Staff

The US tech services giant said on Monday will shut its R&D operations in China. It may boost operations in India and other parts of Asia

Telegram CEO Arrested on ‘Miscalculated’ France Visit – Guardian
Telegram CEO Arrested on ‘Miscalculated’ France Visit – Guardian

French investigators say Durov has failed to take action against illegal activities like terrorism, organised crime, drug trafficking and cyber-bullying on Telegram

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
Musk’s Plunging Reputation Putting Australians Off Tesla – ABC
China, Tesla Pour Funds Into Assembly Line Robot Workers
AI Predicts 70% of Earthquakes in China Trial – ST
China Claims Foreign Agencies Using Wind Towers For ‘Spying’

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