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Latest: Fintech News

Trump Launches Tariff Wars, China Hits Back With 10-15% Duties
Trump Launches Tariff Wars, China Hits Back With 10-15% Duties

China said it plans additional tariffs of 10-15% on multiple farm and food products from America, plus restrictions on 25 US firms; Canada also retaliates with tariffs

Honda ‘to Make Civic Hybrid in US Instead of Mexico Due to Tariffs’
Honda ‘to Make Civic Hybrid in US Instead of Mexico Due to Tariffs’

Japan's second-largest carmaker planned to make the next-generation Civic in Mexico, but sources now say it will be made in Indiana to avoid US tariffs

Stocks Sink to Lowest in Weeks Amid Fears of Global Trade War
Stocks Sink to Lowest in Weeks Amid Fears of Global Trade War

World stocks were on track for their worst week since mid-December, slumping more than 2% as threats of sweeping US tariffs unnerved investors

China Vows to Hit Back at Trump’s Threat of 20% Tariffs Next Week
Trump’s Steel Tariff to Hit Chinese Supply Lines via Other Nations
Notorious North Korean Hackers Blamed for $1.5bn ByBit Heist
Only Global Growth Will Reflect True Value of AI: Microsoft CEO
Chinese Ships May Face a Hefty Fee to Enter US Ports
US Chip Policy Upheaval Has Asian Chip Giants on Tenterhooks
Singapore Bank to Cut 4,000 Roles as Use of AI Rises – BBC

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