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Latest: Fintech News

Creditors Set to Sue State Shareholder of Chinese Developer
Creditors Set to Sue State Shareholder of Chinese Developer

Offshore creditors plan to sue state-owned Shenzhen SEZ Construction and Development, which holds 29% of China South City, because of a 'keepwell provision' in its bonds

China’s Lenovo Breaks Losing Run, Posts Revenue Growth
China’s Lenovo Breaks Losing Run, Posts Revenue Growth

The Chinese PC-manufacturer has turned around five quarters of falling earnings that followed a boom in sales during Covid lockdowns

AI Chiefs Say Deepfakes a Threat to World, Call For Regulation
AI Chiefs Say Deepfakes a Threat to World, Call For Regulation

More than 400 signatories to an open letter have warned AI-generated deepfakes pose a major risk to societies

Taiwan Chip Firms Migrate to Japan, TSMC to Open Kyushu Plant
Blacklisted Chinese Surveillance Maker in Saudi Fund Tie-Up
US Targets China’s Top Chip Plant Over Huawei Mate 60 Pro Coup
SMIC, Huawei Big Winners as China Ramps Up Chip Funding
Generative AI Seen Having Big Impacts on Environment – Nature
Russians Named as West Smashes Lockbit Ransomware Gang
EU’s Green Tech Reliance on China ‘Worrying’ – Euractiv

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