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Latest: Fintech News

China to Unveil Tax Cuts As 2021 Fiscal Revenue Rises 10.7%
China to Unveil Tax Cuts As 2021 Fiscal Revenue Rises 10.7%

China's 2021 fiscal revenues rose 10.7% to 20.25 trillion yuan ($3.2tn). Vice Finance Minister Xu Hongcai said greater tax and fee cuts would be unveiled in 2022 to relieve pressure on economy

China Targets Celebrities, Fans in ‘Clean Cyberspace’ Drive
China Targets Celebrities, Fans in ‘Clean Cyberspace’ Drive

Cyberspace Administration of China launches "clean cyberspace" campaign to target online abuse, 'chaos' and 'money worship'

WeChat Denies Australian PM’s Account Was Hacked
WeChat Denies Australian PM’s Account Was Hacked

Australian PM Scott Morrison has been blocked from his WeChat account. Tencent said it may be 'a dispute over account ownership' while colleagues say it is 'foreign interference'

OneWorld Crypto Scam Targets Multiple Sites on YouTube
Indian Grocery Delivery Startups Race Sparks Road Safety Fears
US Bill On Chip-Making And China Trade Is Close: Pelosi
Paytm Share Price Down 55% and Analysts Say Worse to Come
F1’s Jordan Ditches Playtech Bid After Asian Investment
Ant Group Implicated in Graft Scandal by CCTV Report – FT
Bitcoin Tumbles to 5-Month Low on Russia Fears, Inflation

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