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Latest: Fintech News

Hong Kong Gives Green Light For Digital Yuan Use in Local Shops
Hong Kong Gives Green Light For Digital Yuan Use in Local Shops

The move will allow mainland Chinese and Hong Kong residents to open digital yuan wallets via a mobile app made by China's central bank and use them for payments in retail shops and some online stores

Musk May Build China Data Centre for Tesla Self Driving System
Musk May Build China Data Centre for Tesla Self Driving System

In a shift by Tesla chief Elon Musk, data from China could be processed in the country to develop its full-self-driving system, sources said

US Set to Double Tariffs on Chinese Semiconductors in 2025 – TH
US Set to Double Tariffs on Chinese Semiconductors in 2025 – TH

The reported move comes after US President Joe Biden announced sweeping tariff increases on Chinese chip, EV, battery and solar cell imports

Worker Shortages Create Problems For Toyota Plant in Mexico
Putin and Xi Condemn the US, Push for Ukraine Settlement
China Shrugs as Biden’s New Tariffs Seen as Election Ploy
Biden Scraps Tariff Exemption, to Protect US Solar Sector
US Trials of AI-Piloted Fighter Jets Worrying China – ZM
Microsoft Asks China AI Staff if They Want to Shift Abroad
India Now the World’s Third Biggest Generator of Solar Power

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