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Latest: Fintech News

China Damns Latest US Ban on 42 Firms Tied to Russian War
China Damns Latest US Ban on 42 Firms Tied to Russian War

China calls on US to 'halt its misguided actions', after 42 firms are added to export blacklist, and news emerges National Security Adviser Jake Sullivan will fly to Beijing

China Using Microsoft, Amazon Cloud to Beat AI Chip Sanctions
China Using Microsoft, Amazon Cloud to Beat AI Chip Sanctions

Several institutes backed by Beijing — including some that are sanctioned by the US — are exploiting loopholes in existing export controls to access advanced AI tech

Call For Ban on Single-Use Plastics as UN Treaty Talks Restart
Call For Ban on Single-Use Plastics as UN Treaty Talks Restart

Groups such as Greenpeace are demanding an end to single-use plastic sachets, and other robust measures as UN states and experts gather in Bangkok to discuss a global plastics treaty

Musk’s Plunging Reputation Putting Australians Off Tesla – ABC
China, Tesla Pour Funds Into Assembly Line Robot Workers
AI Predicts 70% of Earthquakes in China Trial – ST
China Claims Foreign Agencies Using Wind Towers For ‘Spying’
Xiaomi EV Unit Helps Drive Q2 Revenues Past Forecast
Walmart Sells $3.6bn Stake in JD.com to Focus on Warehouses
Australia Gives Go-Ahead to $13.5bn Solar Cable to Singapore

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