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Latest: Fintech News

Western Investment Banks Brace for Job Cuts as China Woes Rise
Western Investment Banks Brace for Job Cuts as China Woes Rise

Bankers and recruitment agencies said staff cuts that began in late last year on the Chinese mainland and Hong Kong will gather pace in the coming months

US Panel Wants Investment Ban on Critical Tech Sectors in China
US Panel Wants Investment Ban on Critical Tech Sectors in China

House panel's report recommends that further “robust” restrictions be imposed to curb US investment in key tech sectors that China wants to dominate

UN: North Korea Cyberattacks Pocketed Regime $3bn – Guardian
UN: North Korea Cyberattacks Pocketed Regime $3bn – Guardian

A United Nations report is said to show that attacks on cryptocurrency-related companies helped development of dictatorship’s weapons programme

Chinese Firm Runs 100 ‘News’ Sites Pushing Pro-Beijing Stories
China’s Top Chipmaker SMIC Predicts Modest 2024 Recovery
China’s Bid to ‘Cheat’ a Way to Chip Prominence is Failing: Envoy
Venture Capitalists’ Backing China Put Democracy at Risk – NYP
China’s Electric Vehicle Sales Fell 37% in January from December
Ant Group Sees Quarterly Profit Plummet 92% Year-On-Year
Shanghai to Allow Faster Offshore Data Transfers for Foreign Firms

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