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Latest: Fintech News

‘India’s Tesla’, Ola Electric, Eyes $734 Million IPO
‘India’s Tesla’, Ola Electric, Eyes $734 Million IPO

The launch will be the first by an Indian electric vehicle maker in a country where adoption of clean vehicles is still low

Big Tech’s Lofty Valuations Spark Bruising Selloff Fears
Big Tech’s Lofty Valuations Spark Bruising Selloff Fears

US stock turbulence has thrown a spotlight on tech giants’ valuations amid a recent market pullback

OpenAI’s ‘$8.5 Billion Bills’ Report Sparks Bankruptcy Speculation
OpenAI’s ‘$8.5 Billion Bills’ Report Sparks Bankruptcy Speculation

OpenAI has, since 2015, raised more than $11.3 billion in seven rounds of funding, and has big backers like Microsoft and Sequoia, but its costs are also huge

China’s Cosco Shipping, Fortescue Eyeing Ammonia-Fuelled Ships
Vietnam Enjoys Big Jump in Exports, Industrial Production
Samsung Rolls Out 600-Mile Range Solid State Battery – NC
Forced Sale of TikTok is About Security, Not Free Speech, US Says
Huawei Phone Sales Soar In China, Apple Not Even in The Top 5
US-China Tensions See Tech Firms Offer More For TSMC Chips
China Power Consumption Soars With Tech, EV Growth – C/Daily

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