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Latest: Fintech News

Tether Gains After Investors Pull $2.5bn from Binance Coin
Tether Gains After Investors Pull $2.5bn from Binance Coin

Most of the $2.5 billion that flowed out of Binance's stablecoin this week, after US regulators put a spotlight on the token, has gone to Tether; meanwhile, the US has charged Do Kwon with fraud

TikTok Plans More Data Centres in Europe Amid Security Concerns
TikTok Plans More Data Centres in Europe Amid Security Concerns

Popular video-sharing app, owned by China's ByteDance, aims to expand its data storage in Europe, a top manager said on Friday, in a move to reassure local officials on the security of user data

Top China Dealmaker Bao Fan Disappears, Bank Stock Plunges
Top China Dealmaker Bao Fan Disappears, Bank Stock Plunges

Bao Fan, one of China's most high-profile investment bankers, has gone missing, his bank says, amid speculation he has been taken into custody.

TSMC Dumped by Several Funds Other Than Buffett’s Berkshire
China Aiming to Boost Consumer Spending and Childcare
ASML Accuses China Employee of Chip Tech Theft – FT
Air India’s ‘Historic’ $80bn Deal Took Months of Secret Talks
TSMC Shares Fall as Buffett-Backed Berkshire Dumps Stake
Modi Government Seeks Total Control of Indian Internet – Wired
Apple’s Shift to Produce iPhones in India Facing Hurdles – 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