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Latest: Fintech News

Australia Gets Google to Lay Subsea Cables in Papua New Guinea
Australia Gets Google to Lay Subsea Cables in Papua New Guinea

Australia will fund $120m worth of subsea links from north and south PNG to Bougainville under its defence treaty with its Pacific allies

ByteDance, Alibaba ‘Looking to Place Big Orders’ For Nvidia’s H200
ByteDance, Alibaba ‘Looking to Place Big Orders’ For Nvidia’s H200

Chinese regulators have reportedly held 'emergency meetings' with representatives from top tech companies and asked them to assess their demand for the H200 AI chip

Mexico Approves Big Tariff Hikes on Chinese, Other Asian Imports
Mexico Approves Big Tariff Hikes on Chinese, Other Asian Imports

Move will raise or impose new duties of up to 50% on goods such as autos, auto parts, textiles, clothing, plastics and steel from states without trade deals with Mexico

China’s ZTE Shares Sink on Report of $1bn Fine to US For Bribery
IMF Tells China: Cut Exports, Lift Consumption, ‘Let Zombies Go’
Amazon, Microsoft Set to Spend Over $50 Billion on AI in India
Australia Begins Teen Social Media Ban, But is it Really the First?
China ‘Looks to Limit Sales’ of Nvidia’s H200 Hours After Trump Nod
US Fears China’s Genomics Giant BGI Could Surpass Huawei
US Lawmakers Move to Block Trump Easing China Chip Curbs

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