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Latest: Fintech News

CATL Bus Battery Can Clock Up 1.5 Million Kilometres – CNC
CATL Bus Battery Can Clock Up 1.5 Million Kilometres – CNC

The sector leader says its new Tianxing-B power pack will last 15 years and will be rolled out with the likes of Dongfeng, Golden Dragon and Yutong Bus

Flipkart, Amazon Accused of Unfair Samsung, Xiaomi India Tie-Ups
Flipkart, Amazon Accused of Unfair Samsung, Xiaomi India Tie-Ups

India’s antitrust investigators say the e-commerce giants offered ‘exclusive’ product launches on Samsung, Xiaomi, Motorola and Realme phones

BIS Warns Central Banks Not to Squander Interest Rate Buffers
BIS Warns Central Banks Not to Squander Interest Rate Buffers

BIS chief says "It would be a pity if this room for manoeuvre was squandered", but warns that "recessions are bound to come."

TikTok Set For Day in Court to Fight Potential US Ban
Big Tech’s Real Data Centre Emissions 660% Higher – The Guardian
Big US Banks Cut China Growth Outlook Amid Industrial Slowdown
US to Curb Cheap China Parcels: Temu, Shein Face Big Hit
Shein’s AI-Boosted Fast-Fashion Model Increases Emissions – Grist
US House Passes Bill to Limit China’s Access to EV Tax Credits
Samsung Axes Thousands as Tech Giant Feels Chip, Phone Pressure

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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