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Latest: Fintech News

China’s Mid-Year Online Sales Festival Marked by Flat Outlook
China’s Mid-Year Online Sales Festival Marked by Flat Outlook

Low prices are now so common in China, it is becoming more difficult for e-commerce platforms to keep customers engaged

US ‘Wants Allies to Block Equipment to More China Chipmakers’
US ‘Wants Allies to Block Equipment to More China Chipmakers’

Washington is talking to allies about adding 11 more Chinese chipmaking factories to a restricted list, which currently has five firms on it

Nikkei Recovers, Hang Seng Slips Amid Wait For Fed Comments
Nikkei Recovers, Hang Seng Slips Amid Wait For Fed Comments

Investors snapped up Japanese stocks after sharp losses in the previous session but uncertainties about the BoJ’s policy path weighed on investor sentiment

Vietnam’s Internet Cables ‘Down’, Days Before Putin Visit
Xi Claimed That ‘The US Wants China to Invade Taiwan’ – FT
Chinese PM’s Australian Tour Highlights Critical Minerals Race
US House Backs Ban on Drones Made by China’s DJI – TH
US Trade Groups Want a Hearing on Biden’s China Tariffs Hike
Returns From AI Projects ‘Dismal’, Survey Finds – Register
Chinese PM Stirs European Anxiety During Visit to New Zealand

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