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Latest: Fintech News

China’s Influencers Play Safe with Wholesome Content – FT
China’s Influencers Play Safe with Wholesome Content – FT

Many internet stars are promoting wholesome and educational content after censors scrubbed material promoting lifestyles out of line with the Chinese Communist Party’s values.

Binance Crypto Exchange Gets In-Principle Nod from Bahrain
Binance Crypto Exchange Gets In-Principle Nod from Bahrain

Binance has received in-principle approval from the Central Bank of Bahrain to become a crypto-asset service provider in the kingdom, the company said on Monday.

Foxconn May Revamp Workers’ Hostels at Indian iPhone Plant
Foxconn May Revamp Workers’ Hostels at Indian iPhone Plant

The factory, which employs 17,000 people, is expected to restart production with 1,000 workers on Thursday. State official inspected workers' hostels, which firm reportedly vowed to upgrade.

Ant’s Consumer Finance Unit To Lift Capital To $4.7bn
Japan and Taiwan Politicians Agree on Chip Cooperation
Italy Bids to Host $8bn Intel Plant to Boost EU Chip Supply
Advanced Micro Devices in $2.1bn Wafer Deal with GlobalFoundries
China Province Summons Five Firms Over Live-Streaming
UnionBank Buys Citigroup’s Philippines Assets for $1.1bn
Intel Apologises Over Statement on Xinjiang Labour

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