Latest: Fintech News
Bank delays 2022 results, saying auditors told it they were unable to complete their audit and sign off on their earnings report until they can contact Bao, the top shareholder
The firm said it was now "out of crisis mode” following years of painful US curbs and sanctions that blitzed its telecoms business
The Cyberspace Administration of China said the move was aimed at protecting supply chains and national security
Musk met Li Qiang in 2019 when he was party secretary in Shanghai. Sources say Tesla is grappling with issues such as delays to its plans to double production capacity at its factory in that city.
Japan wants to stop its advanced technology being used for military purposes and does not have a specific country in mind, the country's trade minister said
"Do we really want to emulate Chinese speech bans?" US Republican Senator Rand Paul said responding to calls for unanimous consent for a TikTok ban bill
China's long-term battle to reduce the dollar's dominance in world trade took two steps forward this week, with the first LNG trade in yuan, plus Brazil agreeing to trade via local currencies
China and Brazil have struck a deal to trade in their own currencies instead of the US dollar, the Brazilian government said on Wednesday, in another hit to US economic influence
Analysts fear the gains are distorting markets, starving other sectors of cash, as desperate investors hope to get in on the next ChatGPT
Elon Musk and artificial intelligence experts have signed an open letter calling for a 6-month pause in training of systems more powerful than GPT-4, warning of potential risks to society and humanity
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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
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PaymentsCan China Take Place of SWIFT System? Analysts Say ‘No’There is no global payment system that is strong enough to act as an alternative to SWIFT and enable Russia to evade sanctions
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MarketsChina Becomes World’s Second-Biggest Bitcoin Mining HubThe Bitcoin mining ban in China last year had collapsed its crypto markets. Despite that, the country has reemerged as a major bitcoin mining hub, according to research by the UK's University of Cambridge.
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Market InsightsHere’s How China Can Win the Tech War With USAThe Chinese government is doubling down on incentives for innovation, which it believes to be the cornerstone of its future growth and international position.
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Fintech InsightsAsia Becomes the Epicentre of Global NFTsAsia is the frontrunner in the NFTs craze with Central and Southeast Asia accounting for 35% of the $22 billion in global trade
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