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Latest: Fintech News

China’s Huawei Plans to Leave Russian Market – Novinite
China’s Huawei Plans to Leave Russian Market – Novinite

Chinese tech giant plans to leave the Russian market, according to a report by Novinite.com in Bulgaria, which cited Izvestia and said the company had stopped direct deliveries to the country

Shanghai Disneyland Hit by Covid, Foxconn Quadruples Pay
Shanghai Disneyland Hit by Covid, Foxconn Quadruples Pay

Shanghai's Covid caseload tops 2,700 on Tuesday, while Foxconn boosts pay fourfold to overcome recent worker exodus

Hong Kong Suggests Expanding Crypto Trade to Retail Market
Hong Kong Suggests Expanding Crypto Trade to Retail Market

The government will also review property rights for tokenised assets and explore legalising so-called smart contracts

India Aims For More Decision Power on Social Media Content
China Increases Sectors Open For Foreign Investment
Samsung Says it Will Proceed with Huge Spending Plans
US Business Sentiment in China at Record Low, Survey Shows
US Expects Allies to Back Chip Export Curbs on China
Samsung Heir Made Chairman a Year After Jail Release
Tycoon Backs Musk’s Satellite Internet Service in Philippines

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