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Latest: Fintech News

US and Chinese Officials Begin High Stakes Trade Talks in London
US and Chinese Officials Begin High Stakes Trade Talks in London

A new round of trade talks between US and Chinese officials got underway in London on Monday. They will focus on export controls on rare earths, chips and other issues.

Cargo Ship Carrying 3,000 Cars Ablaze Off Alaska, EV Fire Blamed
Cargo Ship Carrying 3,000 Cars Ablaze Off Alaska, EV Fire Blamed

Smoke was initially seen rising from a deck loaded with electric vehicles, the ship's owner said, after it left Yantai port in China. EV fires on ships are tough to extinguish due to the heat generated and risk of reignition

China Export Curbs on Rare Earth Magnets: a Trade War Weapon
China Export Curbs on Rare Earth Magnets: a Trade War Weapon

A licensing system set up by China for exports of rare earth magnets gives it leverage similar to America's chip export controls because of its near-monopoly on the sector.

Shares of Australia’s Lynas Jump on China Rare-Earth Curbs Risk
Cloud on US-China Ties: Trump Says Xi ‘Hard to Make a Deal With’
Carmakers Stressed by China’s Curbs on Critical Mineral Exports
North Korean Phone Appears to Monitor User’s Activity – BBC
Factory Activity in China Slumps to Lowest in Nearly Three Years
Dutch Minister Says China ‘Biggest Threat’ to Chip Tech Secrets
China Happy With US Restrictions on Its Students, Democrat 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