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Latest: Fintech News

Emissions of World’s Super Rich ‘Drive Economic Losses, Deaths’
Emissions of World’s Super Rich ‘Drive Economic Losses, Deaths’

Fifty of the world’s top billionaires emit more carbon in just 90 minutes than the average person does in their entire lifetime, a new study says

Satellite Finds Methane, CO2 Plumes Over Sites in Asia, Africa, US
Satellite Finds Methane, CO2 Plumes Over Sites in Asia, Africa, US

NASA reveals first images from Carbon Mapper's Tanager-1 satellite, exposing a landfill in Karachi, a coal power plant in Africa and a Texas oilfield

US Rules to Limit Investment in China’s Chips, Quantum and AI
US Rules to Limit Investment in China’s Chips, Quantum and AI

The new rules, to take effect in 2025, will ban US investment in three sectors: Chinas chips and microelectronics, quantum information tech and certain AI systems

iBanned: Sale of Apple’s iPhone 16 is Now ‘Illegal’ in Indonesia
Could Melting Glaciers Trigger Volcanic Eruptions? – Reuters
China Tightening Grip on Critical Minerals For Chips – NYT
AI Surge Lifts Nvidia to Become World’s Most Valuable Company
Top Chinese Lawmakers to Meet in Week of US Election
Rio Tinto Signs Decarbonisation Deal With China’s Nanjing Steel
China Self-Driving Firm WeRide Gets $440m Via IPO, Placement

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