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Latest: Fintech News

China’s Trade to the US and EU Sank Further in July, Data Shows
China’s Trade to the US and EU Sank Further in July, Data Shows

Customs data on Tuesday showed imports dropped 12.4% in July year-on-year, while exports were down 14.5% amid weak demand both at home and abroad

SoftBank Set to Finally See Green as Tech Valuations Jump
SoftBank Set to Finally See Green as Tech Valuations Jump

A return to profit could ease pressure on SoftBank founder and CEO Masayoshi Son, who revealed in June plans to shift to "offence mode" amid excitement over advances in AI

US Curbs on Investments in Critical China Tech Likely This Week
US Curbs on Investments in Critical China Tech Likely This Week

Two sources said briefings were expected on Monday, with the announcement on Tuesday, while a former official said the US should be prepared for retaliation by Beijing

US Navy Sent to Alaska Over 11 Russia, China Warships – KTUU
Foxconn Forecasts Q3 Recovery After July Sales Drop-Off
India Import Curbs on Tech Aimed at China, Officials Admit
US Seen Clamping Down on Investment in China Funds
China Expecting Key Native Lithography Machine This Year: SCMP
China, Saudi Seen in Talks for ETF Cross-Listings to Boost Ties
S Korea Experts to Probe Room-Temperature Superconductor Claim

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