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Latest: Fintech News

Toyota’s Hino Motors to Pay $1.6bn For US Diesel Emissions Fraud
Toyota’s Hino Motors to Pay $1.6bn For US Diesel Emissions Fraud

Japanese truck and engine maker announces settlement with US agencies after being charged with fraud for unlawfully selling 105,000 heavy-duty diesel engines in the US that did not meet emissions standards

Chinese Carmakers ‘Eyeing German VW Factories Set to Close’
Chinese Carmakers ‘Eyeing German VW Factories Set to Close’

Many Chinese car makers are scouting locations for plants in Europe, the world's second-largest EV market, to circumvent tariffs imposed by the European Commission last year

TikTok Plans to Shut Down in US But Will Keep Paying Employees
TikTok Plans to Shut Down in US But Will Keep Paying Employees

TikTok’s moves follow a frosty hearing in the US Supreme Court last week, which has cemented expectations that it will face a ban starting Sunday

Indian Anti-Monopoly Ruling May Limit WhatsApp Features: Meta
Minor Exemptions in US Crackdown on Chinese, Russian Vehicles
South Korea’s Yoon Surrenders to Investigators Over ‘Insurrection’
American ‘TikTok Refugees’ Flock to New Chinese Apps – CNN
TikTok Calls Report on Possible Sale to Elon Musk ‘Pure Fiction’
Momentick Unveils First Emissions Risk Management Service
Scam Centre’s Abduction of Chinese Actor a Blow For Thai Tourism

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