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Latest: Fintech News

China May Ease Some Data Rules in Breather for Foreign Firms
China May Ease Some Data Rules in Breather for Foreign Firms

Foreign firms have been particularly concerned about stepping over the line while dealing with Chinese regulators, amid Beijing’s crackdowns on due diligence and consultancy firms

Beijing-Washington ‘Setting the Stage’ for Xi Jinping US Visit
Beijing-Washington ‘Setting the Stage’ for Xi Jinping US Visit

While the planned diplomatic exchanges are aimed, in part, at restoring ties, Xi is also said to be hoping they will slow down Washington’s trade and tech war targeting Beijing

Indian Hackers Target Canada’s Government Websites – CTV
Indian Hackers Target Canada’s Government Websites – CTV

The Canadian Armed Forces site was hit, as well as the country’s House of Commons site, though Ottawa said no major damage was done

China Evergrande Chairman ‘Suspected of Crimes’, Company Says
OpenAI, SoftBank, Apple Designer Ive in ‘AI iPhone’ Talks – FT
China Vows Anti-Corruption Crackdown on Financial Sector
Taiwan Unveils First Home-Made Submarine in Key Defence Move
North Korea Declares Itself a Nuclear State, Vows More Missiles
US, Japan Warn of New China Hacker After ‘60,000 Emails Stolen’
US Backs Underwater Cable to Guam, Central Pacific Islands

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