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Latest: Fintech News

Nissan Raises Net Profit Forecast Amid Chip Crunch
Nissan Raises Net Profit Forecast Amid Chip Crunch

The Japanese car giant's earnings have been boosted by a weaker yen, but the semiconductor shortage has hit its production figures

China – and Huawei – Top Global Patent Application Rankings
China – and Huawei – Top Global Patent Application Rankings

China remained at the top of the rankings with 69,540 filings, a mere 0.9% increase over 2020 following a 16% jump that year over 2019

Meta in Transition, Says Ad Chief – The Information
Meta in Transition, Says Ad Chief – The Information

“We’re making significant investments ... that will pay off in the long term,” she said, referring to the metaverse, and signalling a short-term slowdown

Xpeng Announces Plans to Expand into Sweden, Netherlands
Tulips Worth More Than Crypto, RBI Chief Warns Indians
US Crypto Group Sues IRS Over Clarity on Staking Taxes
Global Regulators Fast-Track Cryptoassets Framework
China’s Cyber Watchdog Spells Out ‘Healthy’ Strategies to Tech Giants
Owner of India’s ShareChat to Pay $700m for Rival TakaTak
Chinese Social Media Delete ‘Illegal’ Olympics Posts

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