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Latest: Fintech News

Samsung’s Lee Gets Pardon to Help Ramp Up Korean Economy
Samsung’s Lee Gets Pardon to Help Ramp Up Korean Economy

Samsung vice-chairman Jay Y Lee and another top businessman won pardons on Friday from President Yoon Suk-yeol, who wants them to help rev up the South Korean economy.

Indian Firms Using UAE, Asian Currencies to Buy Russian Coal
Indian Firms Using UAE, Asian Currencies to Buy Russian Coal

Companies in India use the UAE dirham, the HK dollar, yuan or euro when buying Russian coal, in a bid to avoid the dollar and US sanctions, according to customs data and industry sources

Foxconn Sees Slow Quarter As Smartphone Demand Declines
Foxconn Sees Slow Quarter As Smartphone Demand Declines

The Taiwanese electronics maker forecast flat revenue growth for the quarter ending in September amid concerns over the impact of inflation and a potential recession on gadget demand. 

Metaverse Land is `Dumbest’ Buy Ever, Mark Cuban Says – Insider
China’s Lenovo Sees Worst Quarterly Sales Since Early 2020
China’s Far East Accused of Helping ZTE Break US Export Rules
Bitcoin Rise Shows Crypto Has Hit Floor – Business Insider
Singapore Crypto Lender Hodlnaut Freezes Withdrawals
Apple Tells Taiwan Suppliers To Meet China Label Standards
Baidu Gets China’s First Permits for Driverless Robotaxis

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