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Latest: Fintech News

China Says US ‘Repeatedly, Systematically’ Hacked Huawei – SCMP
China Says US ‘Repeatedly, Systematically’ Hacked Huawei – SCMP

China’s Ministry of State Security made the claims in a report titled “Uncovering the main despicable means of cyberattacks and secret theft by US intelligence agencies”

Myanmar’s Central Bank Cancels 120 Forex Licences – RFA
Myanmar’s Central Bank Cancels 120 Forex Licences – RFA

Over 160 companies have lost their licences to exchange money since the coup in Myanmar for failing to adhere to the central bank's official exchange rate, while a notoriously rich general has been ousted

China Blocked Exports of Two Chipmaking Metals in August
China Blocked Exports of Two Chipmaking Metals in August

China exported no wrought germanium products last month, compared to 8.63 metric tons in July when volumes doubled from June as foreign buyers rushed to lock in supply ahead of export curbs

Toshiba to Delist After $13.5bn Takeover by JIP and Allies
Billions at Stake as India-Canada Ties Sour on Sikh Murder
More SE Asian Firms Looking at US IPOs, Filling Chinese Void
Huawei Unit Seen Shipping Chinese-Made Surveillance Chips
Sunac China Seeks Bankruptcy Protection After Debt Deal Nod
EU Will Seek More Detail From China on Data, Anti-Spying Laws
Foxconn Set to Double Jobs, Investment in India by 2024

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