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Latest: Fintech News

Indonesia Moves to Block China’s Temu to Protect Small Merchants
Indonesia Moves to Block China’s Temu to Protect Small Merchants

Chinese e-commerce site is 'unhealthy competition' and they must protect millions of small businesses, says minister who wants Goggle and Apple to block their app

Trade Tensions With China ‘Hindering Carmakers’ Investments’
Trade Tensions With China ‘Hindering Carmakers’ Investments’

Trade tension has clouded the longer-term outlook for carmakers and created a level of uncertainty in the industry, the CEO of TomTom digital mapping group said

TikTok Ups Shift to AI Moderation, Axes Hundreds of Jobs – SCMP
TikTok Ups Shift to AI Moderation, Axes Hundreds of Jobs – SCMP

The app’s Chinese owners are feeling the pressure from US regulators over spying claims and content concerns

Renewables Set to Supply Half of World’s Power by 2030 – YE
AI Data Centres Using Much More Water Than Expected
US to Push For Google to Sell Off Chrome, Android Operations
Foxconn Mega Factory to Build Nvidia Superchip AI Servers
EU Rejects China’s Proposal for 30,000-Euro Minimum EV Price
X Now Prime Source of Chinese Fake News on US Election – GV
TikTok Hit by US Legal Barrage For ‘Harmful’ Impacts on Kids

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