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Latest: Fintech News

S&P Warns of Meituan Downgrade Over ‘Cash Generation’ Fears
S&P Warns of Meituan Downgrade Over ‘Cash Generation’ Fears

Ratings agency’s analyst expects Meituan’s food delivery business to break even in 2022 but warns of the impact of further regulatory crackdowns

Microsoft Unveils Fourth Data Centre in India
Microsoft Unveils Fourth Data Centre in India

Microsoft India unveils a fourth data centre on Monday in a bet on the country's rising digital consumption. The public cloud services market is expected to reach $10.8 billion by 2025

From Samsung to Sony, Asia Tech Hit by Russia Curbs – Nikkei
From Samsung to Sony, Asia Tech Hit by Russia Curbs – Nikkei

Trade restrictions slapped on Russia potentially cover any product made with US technology, and the suddenness of rules caught many Asian tech firms off-guard

Illegal Activities of Chinese Firms Under Lens in India – ET
Russian Banks Seek Tie-Up With China’s UnionPay After Card Ban
Ambani’s Reliance Seizes Future Stores in Stealth Operation
ZTE Hauled Back to US Court Over Iran Allegations
BharatPe Founder Saga Echoes Housing.com – ToI
China’s Global Cryptocurrency Share Plunges to 10%, Says PBoC
China’s TuSimple Reshuffles Management – Caixin

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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