Latest: Fintech News
After averting the risk of a 100% tariff on its chip sales to the US, the world’s largest contract chipmaker now faces the threat of a $1 billion penalty from Washington
China retaliated on Wednesday after the Trump Administration imposed a 104% tariff on Chinese goods – by hiking their levy on US exports to 84%.
Renewable power generation provided a record 32% of global electricity last year
Investor fears cooled on Tuesday after China and the EU pushed back against Trump's tariff threats, while advisers and US business leaders urged the President to target business deals
The Trump Administration was reportedly “hours away” last week from announcing its proposed spin off of TikTok US, until tariffs wrecked the deal
Video game enthusiasts in the US say Trump's tariffs are having negative impacts on them - and they're angry about what he's done
Beijing said it would impose 34% tariffs on imports from the US next week and limits on rare earth minerals, but countries in Southeast Asia are still coming to grips on how they will manage the trade crisis
The US has imposed tariffs ranging from 10% to 49% on countries across Asia and the rest of the world – plus two uninhabited Australian islands near Antarctica. In Asia there are fears of a trade war and a recession
The orders for Nvidia's H20 chip - the most advanced semiconductor the group is permitted to sell to China – came in the first three months of this year, a report by The Information said
US venture capital firm is the latest investor 'keen to back' the bid by Oracle and partners for TikTok, but there's doubt on whether a sale can be agreed by Saturday
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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
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PaymentsCan China Take Place of SWIFT System? Analysts Say ‘No’There is no global payment system that is strong enough to act as an alternative to SWIFT and enable Russia to evade sanctions
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MarketsChina Becomes World’s Second-Biggest Bitcoin Mining HubThe Bitcoin mining ban in China last year had collapsed its crypto markets. Despite that, the country has reemerged as a major bitcoin mining hub, according to research by the UK's University of Cambridge.
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Market InsightsHere’s How China Can Win the Tech War With USAThe Chinese government is doubling down on incentives for innovation, which it believes to be the cornerstone of its future growth and international position.
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Fintech InsightsAsia Becomes the Epicentre of Global NFTsAsia is the frontrunner in the NFTs craze with Central and Southeast Asia accounting for 35% of the $22 billion in global trade
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