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Latest: Fintech News

Mongolia and US to Sign ‘Open Skies’ Civil Aviation Deal
Mongolia and US to Sign ‘Open Skies’ Civil Aviation Deal

Sandwiched between Russia and China, Mongolia has cultivated allies – like the US – in a bid reinforce its independence, but its economy relies heavily on its giant neighbours

Western Firms Struggling to Break China’s Grip on Rare Earths
Western Firms Struggling to Break China’s Grip on Rare Earths

Some of the biggest rare-earth companies outside of China are facing challenges in refining elements for the green energy transition

VW Talking to Leapmotor on Tech Tie-up; BYD India Tax Probe
VW Talking to Leapmotor on Tech Tie-up; BYD India Tax Probe

VW and automaker FAW Group could "buy" a platform of EV technologies from Leapmotor, according to the state-backed news-site. Meanwhile, BYD is facing a tax probe in India.

Australia Lawmakers Call for Government WeChat Ban – AP
Binance Did $90bn in China Trades in Month Despite Ban – WSJ
China’s Overseas Metals, Mining Deals Set For Record Year – FT
Foxconn EV Unit Keen to Make Small Cars in India, Thailand
Factory Activity Declined in China and Across Asia in July
China Expands Drone Export Curbs to ‘Maintain World Peace’
Ant IPO Unlikely in the Short Term, Chinese State Media Says

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