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Latest: Fintech News

Sinar Mas Unit to Invest $200m in E-Wallet – Jakarta Post
Sinar Mas Unit to Invest $200m in E-Wallet – Jakarta Post

The agreement between DSSA, part of the Sinar Mas conglomerate, and the DANA owner was filed with the Indonesia Stock Exchange

Grab Blames Driver Incentive Rises For Revenue Plunge
Grab Blames Driver Incentive Rises For Revenue Plunge

Grab, whose Q4 revenue fell 27%, said it had invested aggressively in improving incentives for drivers as ride-share demand recovered from pandemic lows

Crypto Exchanges Say They Won’t Cut Off Sanctioned Russia
Crypto Exchanges Say They Won’t Cut Off Sanctioned Russia

Many of the world's largest crypto exchanges – including Binance, Kraken and Coinbase – have refused to ban Russian clients raising fears of a sanctions backdoor

Russian Firms Opening China Bank Accounts to Evade Sanctions
Japan’s Renesas, India’s Tata Elxsi Partner In EV Design Hub
Accel Launches $650m VC Fund for India, Southeast Asia
China Won’t Gain From Russia Alliance, Economists Say
Hong Kong Regulators to Review Products – Standard
China’s 51job Agrees to $4.3bn Buyout – Business Times
Philippines GDP to Gain $34bn from Meta Deals – Manila Bulletin

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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