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Latest: Fintech News

Conflicting Goals Could Limit Outcomes From China’s Plenum
Conflicting Goals Could Limit Outcomes From China’s Plenum

The economic summit will outline moves to boost advanced manufacturing, rejig the tax system to curb debt risks, manage the property crisis, lift consumption and the private sector, but analysts doubt it will work

China’s Exports Surge 8.6% in June, But Imports Drop 2.3%
China’s Exports Surge 8.6% in June, But Imports Drop 2.3%

The drop in imports does not bode well for exports in the coming months, as just under a third of China's imports are parts for re-export, particularly in the electronics sector.

Generative AI Hallucinations Slow Down Industry Rollout
Generative AI Hallucinations Slow Down Industry Rollout

Worry about AI hallucinations reached their peak in May this year after Google rolled-out its much-anticipated chatbot Gemini — which soon gained notoriety for ridiculous outputs

China Shifting to ‘Green’ Steel Production as EU Levy Looms
Taiwan’s TSMC Joins Trillion Dollar Club Amid AI Frenzy
AI is ‘Effectively Useless,’ Veteran Analyst Warns – Fortune
China to Examine European Union’s Trade ‘Barriers’
Taiwan’s Exports Jump in June Thanks to AI Chip Demand
Chinese Hackers Behind Malicious Cyber Operations: Australia
The World Needs China’s Legacy Chips, ASML CEO Says

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