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Latest: Fintech News

Firms Backing China’s PLA Pilots, Missiles Hit in US Crackdown
Firms Backing China’s PLA Pilots, Missiles Hit in US Crackdown

The US has added 43 firms – mostly Chinese – to its Entity List, banning them from receiving US exports for activities such as training army pilots and developing hypersonic missiles

China Says the US is Creating an Illusion It’s Keen to Engage
China Says the US is Creating an Illusion It’s Keen to Engage

China has been upset by claims of spying from Cuba, with a state-backed commentator accusing the US of repeatedly playing tricks and creating an 'illusion' it is eager to engage in talks

India Outsourcing Giants Cut Hiring in Blow For IT, Economy
India Outsourcing Giants Cut Hiring in Blow For IT, Economy

It’s feared the hiring slowdown could affect consumption amid warnings of economic ‘headwinds' and with the IT sector accounting for 8% of India's GDP

Ex-Samsung Exec Faces Data Theft Charges in China Factory Plot
India Picks Germany’s ThyssenKrupp to Build Six Subs – RFI
Indian Bike Maker Ola Electric Seen Starting Talks on IPO
China Has Been Spying From Cuba For Years, US Says
OpenAI Chief Urges South Korea to Supply Chips for AI Boom
US Bans China’s Ninestar, Chemical Firm for Forced Labour
Saudi Arabia Emerging as Hot New Market For Chinese Investors

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