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Latest: Fintech News

Blinken Lauded After Discussing Taiwan, Russia in China Talks
Blinken Lauded After Discussing Taiwan, Russia in China Talks

Biden says Blinken did a "hell of a job" in China, after Secretary of State said US does not support independence for Taiwan, and pressed China to remain 'vigilant' of firms giving arms to Russia

TerraUSD Crypto Boss Do Kwon Jailed in Montenegro – BBC
TerraUSD Crypto Boss Do Kwon Jailed in Montenegro – BBC

Korean crypto promoter was arrested with a colleague in March but faces another month in custody, however where the pair will end up after that is uncertain

Surprise Reshuffle at Alibaba, CEO Zhang to Head Cloud Unit
Surprise Reshuffle at Alibaba, CEO Zhang to Head Cloud Unit

Alibaba announces a leadership reshuffle as it moves to split into six units, with Zhang to head its precious cloud unit and co-founder Eddie Wu to become the group's new CEO in September

Banned Nvidia Chips Available in China’s Underground Markets
EU to Discuss Ideas on Guarding Top Tech From China, Russia
China’s Xi Puts a Positive Spin on Talks With Blinken
Taiwan Asks EU to Deepen Ties if it Wants TSMC Chip Investments
China Open to Using US AI Tech, Xi Jinping tells Bill Gates
Sanctioned Russia Pays Sakhalin Oil Dividends in Yuan – Nikkei
Micron to Pour $602m in China to Show ‘Unwavering Commitment’

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