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Latest: Fintech News

Turn Away From EV Tariffs, China Tells European Commission
Turn Away From EV Tariffs, China Tells European Commission

The EC decision to hit Chinese EVs with extra tariffs is a move in the wrong direction, China said on Thursday, noting that EU states and carmakers oppose the move

Chinese EV-Makers Face New Tariffs of up to 38%, EC Says
Chinese EV-Makers Face New Tariffs of up to 38%, EC Says

Europe's additional tariffs on imported EVs are expected to kick off talks with Beijing to avoid a major trade conflict, which could spread to other sectors

China Firms ‘Face More US Sanctions for Goods Going to Russia’
China Firms ‘Face More US Sanctions for Goods Going to Russia’

US to broaden its export controls and announce new sanctions on financial institutions and non-banks that help the Russian military with chips, tech and goods, sources say

Nikkei Edges Up, While the Hang Seng, China Stocks Fall
I’ll Ban Apple Devices if OpenAI is Put in Operating System: Musk
Price Wars by Chinese Retailers Amplify Weak Consumer Outlook
Trump Says He Will ‘Never Ban TikTok’ if Elected – NYPost
As EU Eyes Tariffs, European States Chase China EV Factories
Small Chinese Banks in G7 Spotlight for Dealings With Russia
Scamming Compounds in SE Asia Stole $64 Billion in 2023: Report

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