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Latest: Fintech News

China’s Growth Slows in 2nd Quarter, Downturn Hits Retail Sales
China’s Growth Slows in 2nd Quarter, Downturn Hits Retail Sales

The Chinese yuan and stocks fell on Monday following the disappointing official data for the second quarter

Suu Kyi Adviser Calls For Sanctions on Myanmar’s Central Bank
Suu Kyi Adviser Calls For Sanctions on Myanmar’s Central Bank

Prof Sean Turnell says Myanmar's central bank should be hit with sanctions as it is the key actor providing the junta with funds to wage war against the people of Myanmar

Germany to Cut Huawei, ZTE Parts in 5G Network From 2026
Germany to Cut Huawei, ZTE Parts in 5G Network From 2026

Deal with telecom providers aims to shield Germany's critical infrastructure from China, whose influence is seen as a potential security risk

Conflicting Goals Could Limit Outcomes From China’s Plenum
China’s Exports Surge 8.6% in June, But Imports Drop 2.3%
Generative AI Hallucinations Slow Down Industry Rollout
China Shifting to ‘Green’ Steel Production as EU Levy Looms
Taiwan’s TSMC Joins Trillion Dollar Club Amid AI Frenzy
AI is ‘Effectively Useless,’ Veteran Analyst Warns – Fortune
China to Examine European Union’s Trade ‘Barriers’

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