Latest: Fintech News
Weak industrial data causes Goldman Sachs and Citibank to cut growth forecasts, while Nomura says China may face a second wave of economic shocks
The Biden administration said on Friday it will move to curb the flood of cheap Chinese goods pouring into the US under a rule known as the 'de minimis' threshold
The hugely successful clothing retailer’s fine-tuning of its business by using artificial intelligence comes at a cost, say climate campaigners
The new law - one of several this week aimed at curbing China – now goes to the Senate. It seeks to restrict Chinese content in cars that qualify for EV tax credits
Samsung is struggling to keep up with smaller chip rival SK Hynix, while it’s also facing stiff smartphone competition from Apple and Huawei
Carbon dioxide removal is estimated to become a $100 billion industry by 2030, provided it can be scaled up
The US is pressing the Korean government to ensure Samsung and SK Hynix restrict sales of their high-bandwidth memory chips to China
Swedish engineers say structural batteries using lightweight electrodes would massively reduce battery mass
The State Department said in June Cambodian government officials were complicit in trafficking for criminal activities and that some owned facilities used by scam operators
Sales of EVs and plug-in hybrids were up 20% in August over last year – a fair rise given sales in Europe were the worst since early 2023
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Southeast AsiaCan Singapore Oust Hong Kong To Be Asia’s Fintech Leader? -
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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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