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Latest: Fintech News

China Denies US Envoy’s Claim It Sabotages Embassy Events
China Denies US Envoy’s Claim It Sabotages Embassy Events

China objects to envoy's claim that it is blocking people from attending US embassy events, despite Xi's pledge in November to try to improve bilateral ties

Japan Hits 11 Firms, 5 States with Ukraine Sanctions – Nippon
Japan Hits 11 Firms, 5 States with Ukraine Sanctions – Nippon

Tokyo imposed asset freezes and export bans on 11 companies, plus groups in five countries last Friday over sanctions related to Russia's invasion of Ukraine

China’s Retailers Fear Dismal Sales After 618 Shopping Flop
China’s Retailers Fear Dismal Sales After 618 Shopping Flop

Chinese consumers have become more cautious, analysts say, after sales during the second biggest online shopping festival slipped for the first time last week

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
Broadcom Designing an AI Chip For China’s ByteDance: Sources
Deadly Blaze at South Korean Battery Plant Highlights Fire Risks
EU And China Agree to Negotiations on EV Tariffs, Minister Says

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