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Latest: Fintech News

Chinese Exporters Face Shipping Crisis From Red Sea Attacks
Chinese Exporters Face Shipping Crisis From Red Sea Attacks

The rupture of one of the world's busiest shipping routes has exposed the vulnerability of China's export-reliant economy to supply snarls; firms on thin margins facing severe impacts

China Takes First Steps Towards Standardising AI Industry
China Takes First Steps Towards Standardising AI Industry

China sees AI as an area in which it wants to rival the US, and has set its sights on becoming a world leader in the field by 2030

High-Tech Asian Crime Wave: Cyber Scams, Casinos Loot Billions
High-Tech Asian Crime Wave: Cyber Scams, Casinos Loot Billions

Top UN police official warns that criminal gangs are using underground banking systems which have "super-charged" the illicit economy in East Asia

UN Chief: Big Tech Chasing AI Profits Ignoring Risks – Guardian
Apple Ousts Samsung as World’s Top Smartphone Seller
OpenAI Shifts Stance on Military Use of AI Tools – CNBC
AI Will Worsen Global Inequality, Replace Jobs, Says IMF – BBC
North Korea Hackers Share Networks With SE Asia Crime Gangs
Apple Set to Offer Rare iPhone Discount in China as Sales Slow
China’s Military, AI Bodies Still Buying Nvidia Chips Despite US Ban

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