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Latest: Fintech News

India Eyes $23bn in Tariff Cuts on US Imports to ‘Save Exports’
India Eyes $23bn in Tariff Cuts on US Imports to ‘Save Exports’

Major concessions stem from estimates by officials in Delhi that Trump's reciprocal tariffs would hit 87% of its total exports to the US

DeepSeek Cut US-China AI Gap to Three Months, AI Expert Says
DeepSeek Cut US-China AI Gap to Three Months, AI Expert Says

DeepSeek has narrowed the AI gap between China and the US and may even be ahead in some sectors, former Google China boss says

Share Sale by China’s Xiaomi Raises $5.5bn, Boosts Its EV Plans
Share Sale by China’s Xiaomi Raises $5.5bn, Boosts Its EV Plans

Popular support saw a share sale by the Chinese company ramped up and ended with the firm raising $5.5 billion, it said on Tuesday.

US Port Fee Proposal Intensifies US-China Trade Fears
US Investors in ByteDance ‘Most Likely to Win Control of TikTok’
Chinese PM Calls for Open Markets to ‘Fight Instability, Uncertainty’
Musk Visits Pentagon, But Trump Denies ‘China War Plan Briefing’
India Ends Manufacturing Scheme, Focuses on Slashing Tariffs
Asian Defence Stocks Soar as Europe, US Look to Re-Arm – FT
Vietnam to Allow 49% Foreign Ownership of Some Private Banks

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