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Latest: Fintech News

Russia Secretly Building War Drones in China, EU Intel Says
Russia Secretly Building War Drones in China, EU Intel Says

China could face more sanctions from the West after European intelligence presented evidence of a facility allegedly making drones for Russia's war in Ukraine

China iPhone Sales Continue to Slide as Consumers Fly the Flag
China iPhone Sales Continue to Slide as Consumers Fly the Flag

Sales of foreign-branded smartphones in China fell in August, while overall handset sales in the country increased 27%

Amazon Joins Firms in $180 Million Brazil Carbon Credits Deal
Amazon Joins Firms in $180 Million Brazil Carbon Credits Deal

Tech giants Microsoft, Meta and Google have all made purchases of carbon offsets in the Amazon rainforest this year

Another Chip Shortage Looms as AI Frenzy, Climate Change Bite
FTX Fraudster Ellison Jailed, Ordered to Pay $11 Billion – BBC
Meta AI Chatbot To Be Voiced by Judi Dench, John Cena
Taiwan’s Export Boom Continues, Fuelled by Global AI Demand
Tesla, Meta, Amazon Accused of Undermining Democracy
India’s Imports of Chinese Steel Soar to a Seven-Year High
China’s PBOC Cuts Short-Term Rate, to Discuss Outlook Tuesday

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