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Latest: Fintech News

China Bats Away Trump Offer of Tariffs Reduction For TikTok Deal
China Bats Away Trump Offer of Tariffs Reduction For TikTok Deal

ByteDance faces an April 5 deadline to find a non-Chinese buyer for TikTok or it will face a US ban on national security grounds, but Trump could extend that deadline

Carmakers Shares Tumble After Trump Announces 25% Auto Tariff
Carmakers Shares Tumble After Trump Announces 25% Auto Tariff

Car industry reeling from 25% auto tariff, which will likely to hit Japanese carmakers not producing autos in the US, while companies with factories in Mexico and Canada, will also suffer, analysts say

China to Be Top Buyer of Chip Tools Despite Steep Cut in Spending
China to Be Top Buyer of Chip Tools Despite Steep Cut in Spending

Analysts have, since last year, been cautioning on a slowdown in Chinese spending on chip equipment

Vietnam Scrambles to Chop Trade Levies As US Tariffs Loom
Many Chinese Firms Among 80 Added to US Export Blacklist
India Eyes $23bn in Tariff Cuts on US Imports to ‘Save Exports’
DeepSeek Cut US-China AI Gap to Three Months, AI Expert Says
Share Sale by China’s Xiaomi Raises $5.5bn, Boosts Its EV Plans
US Port Fee Proposal Intensifies US-China Trade Fears
US Investors in ByteDance ‘Most Likely to Win Control of TikTok’

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