Fintech Insights

TikTok Plans Legal Battle as US Senate Passes Divest-or-Ban Bill

Experts say that if a sale of TikTok does go through, it would be one of the most complicated and…

9 hours ago

Tesla Profit Plunges, But Stock Jumps on Vow of ‘Affordable’ Cars

Shares jump 12% on news Tesla will make 'more affordable' EVs on its manufacturing lines, despite its first-quarter profit plunging…

9 hours ago

US Call for 3 Years Jail for Binance Founder Changpeng Zhao

Prosecutors say Zhao, who faces sentencing in a Seattle court next week, should serve 36 months in jail for serious…

13 hours ago

Huawei Takes Another Bite Out of Apple’s Market Share in China

Huawei looks set to become the No-1 smartphone seller in China this year, backed by the launch of its new…

1 day ago

US May Sanction Chinese Banks Helping Russian War — WSJ

Secretary of State Antony Blinken is set to fly to Beijing to outline this threat in a bid to stop…

1 day ago

China Researchers Got Banned Nvidia Chips Via Server Products

Chinese entities bought advanced Nvidia chips embedded in server products made by Super Micro, Dell and Taiwan's Gigabyte Technology after…

2 days ago

Huawei’s China-Made 7nm Chip ‘Years Behind US’, Raimondo Says

Raimondo’s views come at a time when Huawei's revelation of a new AI-enabled laptop, powered by Intel's new Core Ultra…

2 days ago

Trade War Heating Up: China Hits Back After Biden Boosts Tariffs

China announces "anti-dumping penalties" on imports of a US chemical and orders Apple to cut WhatsApp and other messaging apps.…

5 days ago

China Orders Apple to Cut WhatsApp, Threads from App Store

US tech giant said Beijing ordered it to cut the messaging apps because of national security concerns; Telegram and Signal…

5 days ago

Huawei’s New Pura 70 Phone Arrives Amid Interest in Chips

Fans lined up at Huawei stores in big Chinese cities on Thursday to buy the new P70 phones, which analysts…

6 days ago

TSMC Posts 9% Profit Rise Amid ‘Insatiable’ AI Chip Demand

Taiwan chip giant says it's been lifted by huge demand for advanced chips for AI and data centres, forecasts a…

6 days ago

Oracle to Spend $8 Billion in Japan on Cloud Services, AI

US tech giant plans to spend $8 billion over the next decade to grow Oracle Cloud Infrastructure, its cloud computing…

7 days ago