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Latest: Fintech News

Jakarta to Review Data Centres’ Lax Oversight After Cyberattack
Jakarta to Review Data Centres’ Lax Oversight After Cyberattack

President Widodo has ordered an audit of two state data centres after officials admitted most information at one was not backed up; 230 ministries were affected, but services could take weeks to restore

US Lawsuit Says Temu Shopping App Has ‘Hidden Spyware’ – AT
US Lawsuit Says Temu Shopping App Has ‘Hidden Spyware’ – AT

A lawsuit lodged in Arkansas claims the Chinese shopping app Temu is "dangerous malware" that secretly gives itself "unrestricted access" to all data on a user's phone

US Planning ‘Aggressive’ Rules on Data Security for Chinese EVs
US Planning ‘Aggressive’ Rules on Data Security for Chinese EVs

US lawmakers had a busy week discussing rules about Chinese electric vehicles, as well as trade and investment measures on chips, drones and shipbuilding

Indonesian Airports, Data Centres Hit By Worst Cyberattack in Years
Toyota Output Plunges in China, as Zeekr Rises in Russia
China Denies US Envoy’s Claim It Sabotages Embassy Events
Japan Hits 11 Firms, 5 States with Ukraine Sanctions – Nippon
China’s Retailers Fear Dismal Sales After 618 Shopping Flop
US Review of Chinese Telecom Firms for Internet, Cloud Risks
Chinese Firms Seek Malaysian Help to Avoid US Tariffs: FT

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