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Latest: Fintech News

Russian Oil Trading with India Still Plagued by Currency Woes
Russian Oil Trading with India Still Plagued by Currency Woes

Indian refiners have trouble paying for oil because Moscow prefers yuan, while Delhi likes to settle deals in UAE dirham, but that now involves extra clearing requirements

Buffett Dumps India Payments Giant Paytm at Over $60m Loss
Buffett Dumps India Payments Giant Paytm at Over $60m Loss

Buffett's exit comes after a string of selldowns for Paytm, including stake cuts by Japanese conglomerate SoftBank Group and the exit of China's Alibaba Group

South Korean Crypto Fugitive Do Kwon Set for Extradition
South Korean Crypto Fugitive Do Kwon Set for Extradition

The Montenegrin justice minister will decide whether Kwon will go to South Korea or the US — where he faces eight charges, including securities and wire fraud

Nvidia’s Best New AI Chip for China ‘Delayed Until Next Year’
Apple Outshone by Huawei, Xiaomi on China’s Singles Day
Seismic AI Discovery May Have Led to Altman’s OpenAI Firing
Sony Accused of Not Playing Fair in $7.9bn PlayStation Lawsuit
The ‘Big Catch’ in Binance’s $4.3-Billion Plea Deal – Fortune
China Wealth Manager Zhongzhi Admits to $64 Billion in Liabilities
Ma Alibaba Stock Sale, Cloud Unit Listing Axe a ‘Coincidence’

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