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Latest: Fintech News

Global Economy Showing Signs of De-Dollarisation, Says JPMorgan
Global Economy Showing Signs of De-Dollarisation, Says JPMorgan

"De-dollarisation is evident in FX reserves where [the dollar's] share has declined to a record as share in exports declined but is still emerging in commodities," the US bank noted

Binance Controlled Bank Accounts of ‘Independent’ US Crypto Arm
Binance Controlled Bank Accounts of ‘Independent’ US Crypto Arm

New findings show how CEO Changpeng Zhao secretly retained control over Binance's US arm and ensured he could direct the company’s expansion in the American crypto market despite scrutiny from regulators

TSMC’s Tough Standards Could Hit Hunt for US Staff – Fortune
TSMC’s Tough Standards Could Hit Hunt for US Staff – Fortune

TSMC's workplace culture has come in for criticism by former workers, but the tech giant says hiring of staff for its new facilities in Arizona is on track

Israel Likely to Play Big Role in Reducing AI Risks: Altman
Vietnam Power Cuts Hit Samsung, Foxconn, Canon Factory Hubs
Foxconn’s May Sales Down 9.5% On-Year Amid Phone Weakness
Japan Watchdog Warns ChatGPT-Maker OpenAI on Data Privacy
Biden Urged to Hit Back at China Over Micron Ban, Rally Allies
Over 100 Chinese Cities Battling to Repay Their Debts: Rhodium
BRICS Looking to Counter Sanctions With Alternative Currencies

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