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Latest: Fintech News

China Has Been Spying From Cuba For Years, US Says
China Has Been Spying From Cuba For Years, US Says

China upgraded its intelligence collection facilities in Cuba in 2019, a US official said on Saturday, adding that reports of a 'new' spy facility actually pre-date the Biden Administration

OpenAI Chief Urges South Korea to Supply Chips for AI Boom
OpenAI Chief Urges South Korea to Supply Chips for AI Boom

Sam Altman met with President Yoon Suk Yeol on Friday to discuss chips needed for the new technology and urged Seoul to help create acceptable international standards for AI

US Bans China’s Ninestar, Chemical Firm for Forced Labour
US Bans China’s Ninestar, Chemical Firm for Forced Labour

The US banned imports from Ninestar, a large Chinese maker of printers, and Xinjang Zhongtai Chemical, saying their products involve use of Uyghur forced labour

Saudi Arabia Emerging as Hot New Market For Chinese Investors
Nikkei Rebounds, Hang Seng Rises Amid Fed Pause Hope
Acer Sold Goods Worth $70m to Russia Despite Vow to Halt Trade
China Hits Out at US ‘Slander’ Over Report of Cuba Spy Base
Deflation Risks Rise as China’s Factory Prices Slump in May
Competition in Chip Industry an ‘All-Out War’, South Korea Says
Crypto Exchanges in Firing Line After SEC Hits Binance, Coinbase

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