Latest: Fintech News
The number of low-value packages sent to the bloc doubled last year to 4.6 billion, mostly from China, and European retailers want the flood stopped quickly.
Singapore has begun trialling a central bank digital currency (CBDC) and wants to trial tokenised MAS bills. It also has plans to regulate stablecoins
After a year of losing out on a frenzy of global investments, India could soon find some gains from being on the backfoot in the global AI trade
Stimulus package will include subsidies to lower utility and gasoline bills, aid to businesses hit by higher US tariffs and an expected increase in defence spending
TikTok, Snapchat and Meta's Facebook, Instagram and Threads are set to deactivate accounts registered by users under 16 to comply with an Australian law on social media platforms, sources say
Foreign outflows in Korean and Taiwanese stocks seen as largely driven by weakness in leading AI-related companies, analyst says
BYD has been building factories for local assembly in countries such as Hungary and Brazil and it plans a third plant for Europe, with Spain the top candidate.
CEO Masayoshi Son has bet big on OpenAI – over $30 billion – while selling his company's shares in Nvidia last month; those moves have paid worthy returns so far, but will the 'AI bubble' pop?
Delhi wants a mandatory declaration of where products are made so people can easily determine if they are domestic goods and will boost the government's self-reliance initiative
Tech giant made billions while failing to stop a flood of ads that exposed Facebook, Instagram and WhatsApp users to investment and e-commerce scams, fake ads and banned products, Reuters says
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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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