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Latest: Fintech News

BP Exit, Plane Leases Open New Fronts For West Against Russia
BP Exit, Plane Leases Open New Fronts For West Against Russia

Oil giant BP says it will exit its Rosneft stake worth $25 billion. Meanwhile, leases on over half the 980 jets in Russia may be severed by foreign firms because of sanctions.

Asian Powers Split On Sanctions, SWIFT Ban On Russian Banks
Asian Powers Split On Sanctions, SWIFT Ban On Russian Banks

China's Foreign Ministry on Monday voiced opposition to use of sanctions, but Japan and Korea backed the move to block some Russian banks from the SWIFT international payments system

CIPS, China’s Onshore Yuan Clearing and Settlement System
CIPS, China’s Onshore Yuan Clearing and Settlement System

Chinese payment-related stocks jumped on Monday as investors wagered that kicking banks out of the SWIFT system would benefit China's own cross-border payment system, CIPS

Chinese Payment Stocks Soar Amid SWIFT Curbs Against Russia
Huawei Unveils 7 Smart Office Products Ahead of Mobile Meet
Zip Announces $491m Takeover of BNPL Rival Sezzle – SMH
Singapore Firms Told To Shore Up Cyber Defences – ST
Taiwan Says Ukraine Won’t Seriously Impact Chip Supply Chain
China’s Didi Performs U-Turn On Russia Exit Decision
Sanctions On Russia Remind China Over Its Need For Chips

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