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Latest: Fintech News

China’s Criticism of Price Wars Sheds Light on Xi’s ‘Waning’ Power
China’s Criticism of Price Wars Sheds Light on Xi’s ‘Waning’ Power

Intense criticism of price wars spurred by China's huge industrial overcapacity has put a spotlight on less successful aspects of President Xi's policies and his standing at home

Judge Says China’s Huawei Must Face Trial on Iran Dealings
Judge Says China’s Huawei Must Face Trial on Iran Dealings

Huawei faces a trial in the US in May 2026 after a judge found sufficient allegations that it engaged in racketeering, stole trade secrets from six firms and committed bank fraud

Users of Ex-China Rare Earth Magnets Paying Top Prices
Users of Ex-China Rare Earth Magnets Paying Top Prices

Producers of rare earth magnets outside of China have been flooded with inquiries since Beijing imposed a licensing system for magnets its companies make

Chinese Chip Firms Say US Curbs Will Help Them, Plan Big IPOs
China Protests Over Canada’s Move to Shut Down Hikvision
Trade Deal Signed, But China Still Slow to Release Rare Earths
Germany Tells Apple, Google: Cut DeepSeek From App Stores
China’s Factory Profits Plunged in May Amid Trade Upheaval
Australian Government Sues China-Linked Rare Earth Investors
Vietnam Eyes Framework Trade Deal With US by Tariff Deadline

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