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Latest: Fintech News

Baidu Beats Quarterly Revenue Estimates On AI, Cloud Services
Baidu Beats Quarterly Revenue Estimates On AI, Cloud Services

Search engine giant Baidu reported quarterly revenue above Wall Street estimates on Tuesday, powered by high demand for its cloud and self-driving taxi services

Toyota to Restart Production After Cyber Attack on Supplier
Toyota to Restart Production After Cyber Attack on Supplier

The automaker said in a statement it would restart domestic production at its 14 domestic factories from Wednesday

Australian Lawsuit Accuses Crown of Money Laundering Breaches
Australian Lawsuit Accuses Crown of Money Laundering Breaches

Australian Transaction Reports and Analysis Centre said Crown started by billionaire James Packer failed its due diligence obligations "innumerable" times from 2016 to 2020

China Warns Of Huge Pressure On Trade As Challenges Mount
Australia’s CBA sells Chinese Bank Stake for $1.8bn – The Age
Paytm Faces Pushback from Shareholders on Esops – BS
China’s Video Game Studios Face Long March – Caixin Global
China Media Say Dollar, SWIFT in Decline on Russia Sanctions
Toyota To Shut All Japan Plants After Cyberattack: Nikkei
BP Exit, Plane Leases Open New Fronts For West Against Russia

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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