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Latest: Fintech News

Xinjiang Rules: $640m of SE Asian Exports Held up at US Ports
Xinjiang Rules: $640m of SE Asian Exports Held up at US Ports

Malaysia and Vietnam have had cargoes worth about $320 million each denied or held for checks since the new rules came into force in mid-2020, nearly three times more than exports from China

Swedish Eco-Battery Could Break China Reliance – Guardian
Swedish Eco-Battery Could Break China Reliance – Guardian

The electric battery industry is hugely reliant on raw materials, or completed batteries, sourced from China and other Asian nations

Sam Altman Back at OpenAI as CEO After Days of Drama
Sam Altman Back at OpenAI as CEO After Days of Drama

OpenAI agrees to Altman returning to save the group from collapse; former Salesforce co-CEO Bret Taylor and former US Treasury Secretary Larry Summers will join the new board

Big Tech ‘Doing Little’ to Counter Rampant Scams on Social Media
Binance Resignation, $50m Fine Seen as ‘Good Outcome’ For CZ
Baidu Beats Q3 Revenue Forecasts, Says AI Key to Growth
OpenAI Investors Weigh Legal Options Amid Fears Of Collapse
TikTok Not Off The Hook With US: Treasury Secretary Yellen
Turmoil at OpenAI After Board Coup, Altman Heads to Microsoft
Foxconn EV Unit’s Low-Powered Market Debut Amid Sector Fears

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