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Latest: Fintech News

TikTok Workers Reveal Pressure, Poor Conditions – WSJ
TikTok Workers Reveal Pressure, Poor Conditions – WSJ

  Employees of the China-owned TikTok suffered through 85 hours of meetings a week, sleep deprivation and a generally oppressive...

Samsung Fossil Fuel Reliance ‘an Investment Risk’ – FT
Samsung Fossil Fuel Reliance ‘an Investment Risk’ – FT

That poses “systemic risks” to its future, the newspaper said, with customers and governments increasingly demanding more sustainable supply chains

Indian Court Halts Seizure of $725m in Xiaomi Assets
Indian Court Halts Seizure of $725m in Xiaomi Assets

An Indian court granted relief on the seizure, provided that Xiaomi inform Indian authorities of fund transfers such as royalty payments, a source said

Uzbekistan Allows Crypto-Mining Using Solar, Ends Taxes
China, Russia Central Banks to Meet Over Payment Systems
Binance, Ellison Join Group Backing Musk’s Twitter Bid – FT
Uber Lost $5.9bn in First Quarter on Didi, Grab Stakes
Chinese Hackers Stole ‘Trillions’ in IP Secrets – CBS
US to Hit China’s Hikvision With Heavy Sanctions – FT
US Bill to Boost Competition with China Moves Another Step

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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