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Latest: Fintech News

Cambodia is a ‘Money-Laundering Haven for Chinese Criminals’
Cambodia is a ‘Money-Laundering Haven for Chinese Criminals’

SE Asian nation is not part of the OECD's Common Reporting System that lists financial deals, so "it attracts individuals who want to hide their assets," criminal justice campaigner says

SE Asia Crime Networks Rely on Telegram, Crypto, UN Says
SE Asia Crime Networks Rely on Telegram, Crypto, UN Says

Use of the encrypted messaging app, crypto and deepfakes are new tech devices that officials around the world are struggling to counter, a new UN crime report says

EU Backs Large Tariffs on Chinese EVs But Talks Will Continue
EU Backs Large Tariffs on Chinese EVs But Talks Will Continue

EU votes to impose hefty tariffs on Chinese EVs, but says it will continue to talk with Beijing; a possible compromise could be arranged by setting minimum sales prices

Mass Arrests in India as Samsung Workers’ Protest Drags on
Apple May Turn to China After India Fire Threatens Festive Push
Chinese Firms Plan to Raise $15bn in Overseas Bond Issues
China’s WuXi Ponders Sale of US Pharma Operations, FT Says
US Reveals Preliminary Duties on Solar Panels from SE Asia
OpenAI Staring at $5bn Loss While Revenue Soars 1,700% – CNBC
China Overseas Green Investment Surges in Bid to Dodge Tariffs

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