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Latest: Fintech News

Huawei Breaks Away From US Tech With New Mate 70 Smartphone
Huawei Breaks Away From US Tech With New Mate 70 Smartphone

The Chinese tech giant's latest smartphone series, Mate 70, is equipped with a homegrown 5G chip and its own operating system HarmonyOS Next

US to Review Ties With Hong Kong Banks, ‘City Now a Crime Hub’
US to Review Ties With Hong Kong Banks, ‘City Now a Crime Hub’

US lawmakers are reviewing ties with Hong Kong's banks, amid increasing reports that the city has become a hub for money laundering and sanctions evasion

China Gives Its Tech Giants 3 Months to Fix Algorithm Issues
China Gives Its Tech Giants 3 Months to Fix Algorithm Issues

Officials in Beijing have moved to rein in tech giants like Tencent, Alibaba, Meituan and Bytedance, by ordering them to fix algorithms used on their apps and websites

Japanese Competition Officials Raid Amazon Japan, Source Says
Bangladesh Wants Legal Help For Probe Into Adani, Power Deals
US Seeks Review, Changes to Undersea Telecom Cable Rules
China’s Huawei, SMIC ‘to Ramp Production’ of Newest AI Chip
Chinese Vessel Suspected of Cutting Baltic Subsea Cables
Australian Bill Will Ban Social Media for Children Under 16
Economists Say Trump Won’t Hit China With 60% Tariffs Early On

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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