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Latest: Fintech News

Toyota Profits Drop 21% in 3rd Quarter Amid Chip Squeeze
Toyota Profits Drop 21% in 3rd Quarter Amid Chip Squeeze

The Japanese automotive giant, which kept its crown as the world's top-selling carmaker in 2021, left its annual net profit forecast unchanged

EU Joins Chips Race with $49bn Bid to Rival Asia
EU Joins Chips Race with $49bn Bid to Rival Asia

The production of chips has become a strategic priority in Europe as well as the US, after the shock of the pandemic choked off supply

US Charges Couple Over $4.5bn Hong Kong Crypto Heist
US Charges Couple Over $4.5bn Hong Kong Crypto Heist

Officials seized more than $3.6 billion in cryptocurrency when llya Lichtenstein, 34, and his wife, Heather Morgan, 31, were arrested in New York

Malaysia’s Iimmpact Wins Funding from Sequoia Capital India
KKR Pours $180m into Livspace Asia Renovation Platform
Australia’s CBA Announces 26% Profit Rise, Share Buyback
China Reports Rise in Non-Cash Payments – Xinhua
PayPal Halt to Hit Thais in Tough Market – Bangkok Post
Tesla Cut Steering Part in Some Cars to Tackle Chip Shortage
Singapore Central Bank Hits DBS with Extra Capital Requirement

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