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Latest: Fintech News

New Type of Magnet Found With Possible PC Uses – New Scientist
New Type of Magnet Found With Possible PC Uses – New Scientist

Alter-magnets could be used to boost the storage on computer hard drives or new kinds of computers that use magnetic spin instead of current to perform measurements and calculations

Russians Get Chinese Help to Make Citroen EVs at Stellantis Plant
Russians Get Chinese Help to Make Citroen EVs at Stellantis Plant

Late last year a Russian firm imported car kits to assemble Citroёn C5 models at an old plant still owned by Stellantis; they came from China's Dongfeng Motor Group

Japan Slips Into Recession, But BOJ Still Seen Ending Stimulus
Japan Slips Into Recession, But BOJ Still Seen Ending Stimulus

Government data released on Thursday showed that GDP fell by an annualised 0.4% in the October-December period after a 3.3% slump in the previous quarter

India’s Paytm Bleeds Amid Financial Crime Probe in Banking Arm
Any Expansion of China Chip Curbs Will Risk Business, ASML Says
India’s Modi in $9bn Push for Rooftop Solar Ahead of Poll – Express
Chinese Biotech Stocks Plunge Again on Call for Sanctions Review
China’s BYD in Talks on Mexico Factory for Exports to US – Nikkei
Deepfake of Dead Indonesian Leader Used in Vote Appeal – CNN
India’s High Taxes Will Crush Export Goals, Tech Ministry Warns

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