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Latest: Fintech News

China Lifts PLA Recruitment Amid Space, Cyber Warfare Push
China Lifts PLA Recruitment Amid Space, Cyber Warfare Push

China has updated its military conscription rules, to entice retired service personnel to return, while also aiming to recruit college students with space and cyber warfare skills

US Lawmakers Demand Supply Chain Check Before Shein IPO
US Lawmakers Demand Supply Chain Check Before Shein IPO

Congress wants independent verification that China fashion retailer does not use cotton that comes from forced labour in Xinjiang, before SEC allows it to stage a share offering in the US

Malaysia Warned by US, EU Over Huawei 5G Role Bid – FT
Malaysia Warned by US, EU Over Huawei 5G Role Bid – FT

Washington and Brussels envoys wrote to the Kuala Lumpur government last month, the FT reported, to raise their security concerns

Mintz Executive Caught in China’s Growing Web of Exit Bans
Jack Ma to be a Visiting Professor at Tokyo University
S Korea Exports Sink For Seventh Month, China Sales Slump
China’s Manufacturing Falls in April as Export Orders Drop
Philippines’ Marcos Wants US to Restore Trade Preferences
Huawei Helps China Improve Mine Safety as Coal Output Grows
China Fuelling War by Selling Russia Parts for Weapons – EP

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