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Latest: Fintech News

EU Backs Large Tariffs on Chinese EVs But Talks Will Continue
EU Backs Large Tariffs on Chinese EVs But Talks Will Continue

EU votes to impose hefty tariffs on Chinese EVs, but says it will continue to talk with Beijing; a possible compromise could be arranged by setting minimum sales prices

Mass Arrests in India as Samsung Workers’ Protest Drags on
Mass Arrests in India as Samsung Workers’ Protest Drags on

Hundreds of workers detained in Tamil Nadu amid industrial dispute that is testing Korean tech giant's alleged 'anti-union' policy and local authorities' tactics seemingly aimed at blocking the registration of a new trade union

Apple May Turn to China After India Fire Threatens Festive Push
Apple May Turn to China After India Fire Threatens Festive Push

Analysts forecast Apple will struggle to fulfil as much as 15% of its iPhone 14 and 15 models demand during the Indian festive season due to the blaze

Chinese Firms Plan to Raise $15bn in Overseas Bond Issues
China’s WuXi Ponders Sale of US Pharma Operations, FT Says
US Reveals Preliminary Duties on Solar Panels from SE Asia
OpenAI Staring at $5bn Loss While Revenue Soars 1,700% – CNBC
China Overseas Green Investment Surges in Bid to Dodge Tariffs
Decline in China’s Solar Output Seen Due to Oversupply – PV Mag
Ishiba Confirmed as PM, Ahead of October 27 Snap Election

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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