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Latest: Fintech News

US ‘Discussing Possible China Sanctions’ With Allies Over Ukraine
US ‘Discussing Possible China Sanctions’ With Allies Over Ukraine

Washington wants to coordinate support for possible restrictions with close allies but it was not clear what sanctions it would propose if China is found to provide military aid to Russia, sources said

US Chips Act Fund Ban on China Expansion For 10 Years – FT
US Chips Act Fund Ban on China Expansion For 10 Years – FT

Washington has also banned beneficiaries of the $39bn CHIPS and Science Act from using the cash for share buybacks

Binance Stablecoin Chalks up $6bn of Outflows After Crackdown
Binance Stablecoin Chalks up $6bn of Outflows After Crackdown

Investors have been cashing in their Binance USD tokens since the US Securities and Exchange Commission said it was considering taking action against the platform

Huawei Pitches its 5G Vision to the World in Barcelona – Nikkei
Australian Government Advisers Remain Cool on TikTok Ban
AirPods Maker ‘Pressured to Exit China’ – Apple Insider
India Leads World in Internet Shutdowns for Fifth Year in a Row
Blacklisted China Firms Got Licences For $23bn of US Goods, Tech
Missing Chinese Banker Bao Fan ‘Assisting Authorities in Probe’
US and Canada Order TikTok Cut From All Government Phones

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