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Latest: Fintech News

US Planning ‘Aggressive’ Rules on Data Security for Chinese EVs
US Planning ‘Aggressive’ Rules on Data Security for Chinese EVs

US lawmakers had a busy week discussing rules about Chinese electric vehicles, as well as trade and investment measures on chips, drones and shipbuilding

Indonesian Airports, Data Centres Hit By Worst Cyberattack in Years
Indonesian Airports, Data Centres Hit By Worst Cyberattack in Years

Some 44 state agencies were targets of a cyberattack by the notorious Lockbit gang, which demanded an $8 million ransom. But the government has refused to pay.

Toyota Output Plunges in China, as Zeekr Rises in Russia
Toyota Output Plunges in China, as Zeekr Rises in Russia

Toyota production in China sank by 22%, partly because local brands are more competitive. Meanwhile, Zeekr EVs have sold well in Russia, despite the lack of charging stations

China Denies US Envoy’s Claim It Sabotages Embassy Events
Japan Hits 11 Firms, 5 States with Ukraine Sanctions – Nippon
China’s Retailers Fear Dismal Sales After 618 Shopping Flop
US Review of Chinese Telecom Firms for Internet, Cloud Risks
Chinese Firms Seek Malaysian Help to Avoid US Tariffs: FT
Deepfake of Asia’s Richest Man Used in India Stock Market Scam
AI Could up Profits But Also Disrupt Banking: Citi Report – M’place

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