Latest: Fintech News
The share of defective micro-circuits and components in deliveries to Russian companies from China has increased from 2% to 40% since the invasion in Ukraine, a local report says
The Reserve Bank of India said in a paper this month that the 'e-rupee' will have "limited pilot launches" next fiscal year, Nikkei said.
ASML reports better-than-expected third quarter sales, says group is unable to keep up with demand, with orders of more than $29.4 billion from Asia and the US's biggest chipmakers
About 500 shipments of Cisco Systems gear arrived in Russia in August, months after the US networking giant halting operations in the country, a leaked Customs document suggests
"It will support our transition to net zero emissions as well as create jobs in green sectors," Singapore Prime Minister Lee Hsien Loong said
Analysts said Xi's eagerness to "win the battle" in core technologies could mean that China will not only bolster spending but overhaul its whole approach to boost key tech and chip sectors
Chinese President stressed innovation and hailed progress in the areas of space flight and exploration, quantum information and supercomputers.
Researchers in China's hypersonic and missiles programme have managed to obtain specialized US technology, such as advanced software products, via private resellers or research bodies
South Korea's technology ministry is probing whether the outage violated any laws, with compensation of $8.4 million expected for users
The move follows export restrictions imposed by the Biden Administration. YMTC is also being investigated by the Commerce officials on whether it sold chips to blacklisted Huawei
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Southeast AsiaCan Singapore Oust Hong Kong To Be Asia’s Fintech Leader? -
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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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