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Latest: Fintech News

McKinsey Cuts 500 Jobs Amid Revamp of China Business – WSJ
McKinsey Cuts 500 Jobs Amid Revamp of China Business – WSJ

US consultancy is cutting about 500 jobs - a third of its business - to reduce security risks while working in China

Musk Promises Starlink to India After Ambani Challenge Quashed
Musk Promises Starlink to India After Ambani Challenge Quashed

Musk has been in a year-long ‘battle’ with fellow billionaire Mukesh Ambani to grab a share of India's satellite broadband market that could be worth $1.9 billion by 2030

State-Linked China Group Wants Review of Intel Sales in Country
State-Linked China Group Wants Review of Intel Sales in Country

The group accused Intel of undermining China's interests and threatening its national security despite having "made a lot of money" in the country

Tokyo University Scientists ‘Turn Carbon Dioxide Into Green Fuel’
China’s Trade Slows, as Exports and Imports Sink in September
Ambani Plan to Outbid Musk, Seeks Satellite Spectrum Auction
Indonesia Moves to Block China’s Temu to Protect Small Merchants
Trade Tensions With China ‘Hindering Carmakers’ Investments’
TikTok Ups Shift to AI Moderation, Axes Hundreds of Jobs – SCMP
Renewables Set to Supply Half of World’s Power by 2030 – YE

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