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Latest: Fintech News

Trump Says He Will ‘Never Ban TikTok’ if Elected – NYPost
Trump Says He Will ‘Never Ban TikTok’ if Elected – NYPost

Trump’s remarks are a sharp U-turn from his earlier stance on the app, given it was he who began the US crusade against TikTok during his presidency in 2020

As EU Eyes Tariffs, European States Chase China EV Factories
As EU Eyes Tariffs, European States Chase China EV Factories

BYD is building it first plant in Hungary, while Leapmotor will use a Stellantis factory in Poland, as Chery eyes production in Spain and possibly Italy; Great Wall, SAIC and Dongfeng are also assessing opportunities

Small Chinese Banks in G7 Spotlight for Dealings With Russia
Small Chinese Banks in G7 Spotlight for Dealings With Russia

Small Chinese banks funding deals with Russia will be discussed at the summit in Italy amid concern China is bolstering "the Russian war machine."

Scamming Compounds in SE Asia Stole $64 Billion in 2023: Report
China Exports Rise in May, But Doubts Remain as Imports Slow
TSMC Chief Says Altman’s $7trln Chip Plan ‘Too Aggressive’ – TH
US Customs Crackdown Seen Delaying Shein, Temu Products
China’s AI Chip Firms Downgrade Designs to Keep Access to TSMC
China Turns on World’s Biggest Solar Farm in Western Desert
Vietnam’s Massive Saigon Bank Bailout Rises to $24.5 Billion

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