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Latest: Fintech News

China’s Feuding Online Fashion Retailers: Temu vs Shein
China’s Feuding Online Fashion Retailers: Temu vs Shein

Temu said on Wednesday it has been the target of "unlawful exclusionary tactics" since its launch in the US, which forced it to take legal measures to defend its rights due to "attacks" from Shein

India, UAE Agree to Ditch the Dollar, Settle Trade in Rupees
India, UAE Agree to Ditch the Dollar, Settle Trade in Rupees

India, the world's third biggest oil importer and consumer, currently pays for UAE oil in dollars but is looking to cut transaction costs by eliminating conversions

CITIC’s Hong Kong Bankers Face Shift to Mainland, Pay Cut
CITIC’s Hong Kong Bankers Face Shift to Mainland, Pay Cut

CITIC's Hong Kong platform is expected to demand its investment bankers move to the mainland with their pay lowered to local levels or face the prospect of losing their jobs, sources say

Chip Firms Meet US Officials on China as Lobby Warns On Curbs
China Sees the Dawn of a New Era of Slower Growth
US Keen to Help China on Deal to Curb Methane Emissions
Xiaomi to Switch India Strategy in Bid to Rival Samsung
China Economic Data Seen Confirming Second Quarter Slowdown
Chip Bosses Plan Visit to Washington to Discuss China Curbs
Wang Yi Tells Borrell to ‘Clarify’ EU’s Position on China

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