Latest: Fintech News
Parliamentary committee recommends phasing out advertising for online gambling on all media within three years because of the social harm rampant betting is causing
Shares of top chip designer Nvidia, plus AMD and other chipmakers have fallen after a report that the US may impose tougher curbs on exports of artificial intelligence chips to China
Republican lawmakers argue the Science and Technology Agreement should be allowed to expire as it benefits China’s military
The Reserve Bank of India said the country's current account deficit stood at $1.3 billion or 0.2% of GDP in January to March, the fourth quarter of 2022/23 fiscal year
The Beijing-based search engine giant says its AI chatbot, Ernie 3.5, beat OpenAI’s market leader in several key metrics
Prosecutors say 65-year-old Choi Jinseog, once hailed as a star in Korea's chip industry, tapped Samsung’s supplier network to steal information on factory layouts, cleanroom management
The yuan has slid more than 4% against the dollar so far this year, while policymakers in Japan are also considering their options to fix the yen's rapid and one-sided plunge
Prosecutors allege that Choi Jin-seok’s staff stole data from Samsung’s Hwaseong plant in Korea so they could build a plant in China
US deal volumes more than halved to $162.5 billion from last year, while activity in Europe and Asia (ex-Japan) fell 70% and 80% to $77.3 billion and $19.1 billion respectively, Dealogic data showed
A government fund will buy JSR for $6.4bn in the latest move to boost the country’s chip industry which has also seen deals with TSMC and Samsung
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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
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PaymentsCan China Take Place of SWIFT System? Analysts Say ‘No’There is no global payment system that is strong enough to act as an alternative to SWIFT and enable Russia to evade sanctions
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MarketsChina Becomes World’s Second-Biggest Bitcoin Mining HubThe Bitcoin mining ban in China last year had collapsed its crypto markets. Despite that, the country has reemerged as a major bitcoin mining hub, according to research by the UK's University of Cambridge.
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Market InsightsHere’s How China Can Win the Tech War With USAThe Chinese government is doubling down on incentives for innovation, which it believes to be the cornerstone of its future growth and international position.
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Fintech InsightsAsia Becomes the Epicentre of Global NFTsAsia is the frontrunner in the NFTs craze with Central and Southeast Asia accounting for 35% of the $22 billion in global trade
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