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Latest: Fintech News

Paytm Stocks Dive After RBI Pulls Shutters Down on Its Bank
Paytm Stocks Dive After RBI Pulls Shutters Down on Its Bank

The Reserve Bank of India's order could be the first step in cancelling the bank's licence and follows years of non-compliance with central bank rules

China Asks Local Governments Not to Use Tech Funds to Pay Debt
China Asks Local Governments Not to Use Tech Funds to Pay Debt

Provincial-level governments in China are mounted with $13 trillion of debt but also account for about two-thirds of the country's science and technology expenditure

Trump Eyes 60% China Tariffs, Sparks New Trade War Fears – WP
Trump Eyes 60% China Tariffs, Sparks New Trade War Fears – WP

Trump has vowed to take on China again if he wins a second term, promising to be tougher on Beijing than Biden

Nvidia’s New AI Chip for China Priced Close to Huawei Alternative
US Accuses More Chinese Tech Firms of ‘Helping Beijing’s Military’
Huawei Computing Unit Issues Delay Chinese Auto Deliveries
Raimondo Says Chinese EVs Are a National Security Risk For US, EU
China’s Manufacturing Declines in January, Amid Weak Demand
China Way Ahead of US in Chip Startup Funding – PitchBook
US Cleared Chinese Hackers From Pacific Computer Systems

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