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Latest: Fintech News

LFP Becoming the Battery of Choice for Electric Vehicles
LFP Becoming the Battery of Choice for Electric Vehicles

Technological advances have helped lithium-iron-phosphate batteries edge past EV batteries made of nickel and cobalt, experts say

Musk Meets Modi, Keen to Bring Tesla, Starlink to India Soon
Musk Meets Modi, Keen to Bring Tesla, Starlink to India Soon

Musk says it's "quite likely there will be a significant investment in our relationship with India in the future,” adding that he thinks "India has more promise than any large country in the world"

China Extends $72bn Tax Break for Sale of EVs, Green Cars
China Extends $72bn Tax Break for Sale of EVs, Green Cars

New energy vehicles purchased in 2024 and 2025 will be exempted from purchase tax of up to 30,000 yuan per vehicle, and half of that for purchases in 2026 and 2027

Foxconn, Stellantis Join Forces in Auto Industry Chips JV
Blinken Lauded After Discussing Taiwan, Russia in China Talks
TerraUSD Crypto Boss Do Kwon Jailed in Montenegro – BBC
Surprise Reshuffle at Alibaba, CEO Zhang to Head Cloud Unit
Banned Nvidia Chips Available in China’s Underground Markets
EU to Discuss Ideas on Guarding Top Tech From China, Russia
China’s Xi Puts a Positive Spin on Talks With Blinken

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