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Latest: Fintech News

China Restricts Livestreamers, Bans Underage Tipping
China Restricts Livestreamers, Bans Underage Tipping

Authorities also mandated viewing hours for livestreaming,  saying shows will need to be "forcibly" turned off by 10 p.m. local time for users of their parental control functions

Sri Lanka Streets Calm After State of Emergency Declared
Sri Lanka Streets Calm After State of Emergency Declared

The IMF will meet with Sri Lankan officials in a virtual meeting beginning on Monday, a statement from Masahiro Nozaki, the fund's country mission chief said on Saturday

Singapore SPAC Plans to Invest $115m in Tech Startups
Singapore SPAC Plans to Invest $115m in Tech Startups

The SPAC plans to invest in Web3, blockchain, cryptocurrency, digital ledger, e-gaming and other new financial technology and services industries

Nvidia to Pay $5.5m Penalty Over Chips’ Use in Cryptomining
US Hits ‘Currency Mixer’ Blender With North Korea Sanctions
TikTok Workers Reveal Pressure, Poor Conditions – WSJ
Samsung Fossil Fuel Reliance ‘an Investment Risk’ – FT
Indian Court Halts Seizure of $725m in Xiaomi Assets
Uzbekistan Allows Crypto-Mining Using Solar, Ends Taxes
China, Russia Central Banks to Meet Over Payment Systems

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