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Trump Says India Will Face 25% Tariff, Penalty From August 1

India’s rupee slumped to its lowest level in five months on fears that the country could face steeper tariffs

Huge Quake Off Russian Far East Puts Japan, Asia Pacific on Alert
China’s Leaders Keen to End Vicious Price Wars, Curb Deflation

The AF 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