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Latest: Fintech News

Beijing Funded Huawei Comeback With $6bn Support in 2023 – WSJ
Beijing Funded Huawei Comeback With $6bn Support in 2023 – WSJ

Huawei Technologies had received more than $1 billion in government grants last year, plus government procurement contracts worth around $5 billion, according to a new report

EU Denies Backing China Proposal to End Ukraine War – SCMP
EU Denies Backing China Proposal to End Ukraine War – SCMP

The European Union has denied claims by China that its top diplomat Josep Borrell "attached great importance" to a Sino-Brazilian statement on ending the war in Ukraine

SpaceX Discussing Possible Rocket Landing Off Australia
SpaceX Discussing Possible Rocket Landing Off Australia

Rocket company is in talks with US and Australian officials on a possible landing and recovery of one of its Starship rockets off Australia

India Not About to Drop Ban on Chinese Investment: Trade Minister
‘India’s Tesla’, Ola Electric, Eyes $734 Million IPO
Big Tech’s Lofty Valuations Spark Bruising Selloff Fears
OpenAI’s ‘$8.5 Billion Bills’ Report Sparks Bankruptcy Speculation
China’s Cosco Shipping, Fortescue Eyeing Ammonia-Fuelled Ships
Vietnam Enjoys Big Jump in Exports, Industrial Production
Samsung Rolls Out 600-Mile Range Solid State Battery – NC

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