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Latest: Fintech News

Australia Plans Social Media Ban to ‘Get Children Off Devices’
Australia Plans Social Media Ban to ‘Get Children Off Devices’

Parents want their kids off devices, according to the PM, who said the government would introduce minimum age laws for social media later this year

New iPhone Uses Arm Chip Tech as Apple Eye AI Upgrades: FT
New iPhone Uses Arm Chip Tech as Apple Eye AI Upgrades: FT

The latest iPhone 16 is expected to feature its A18 chip, developed using SoftBank-owned Arm’s latest V9 chip design

Fugitive Ex-Mayor Alice Guo Flown Back to The Philippines
Fugitive Ex-Mayor Alice Guo Flown Back to The Philippines

Guo, who is accused of links to online casinos that were a front for scam centres and human trafficking syndicates, was deported from Jakarta on Friday

Chinese Solar Giants’ Profits and Revenue Plunge in First Half
China Starts Merging State Brokerages, to Create $226bn Giant
China Students Told ‘Beautiful Women, Handsome Guys’ Could Be Spies
US Push to Curb China Chip Tech Economically Motivated: ASML CEO
UK Study Found AI Models’ Responses Collapsed Into Nonsense
Data Centre Boom Will Boost Clean Power Drive: Morgan Stanley
Facebook Partner Says Phone Apps Spy on Users for Adverts

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