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Latest: Fintech News

TikTok Won’t Vow to Stop Sharing US Data to China – CNN
TikTok Won’t Vow to Stop Sharing US Data to China – CNN

The chief operating officer of TikTok declined to tell US lawmakers on Wednesday "that the short-form video app will cut off flows of US user data to China"

China Planning Ten-Fold Increase in Some Cyber Law Fines
China Planning Ten-Fold Increase in Some Cyber Law Fines

The country’s cyberspace regulator is looking impose harsher punishments for breaches of its data security laws

South Korea Fines Google, Meta $72m for Privacy Violations
South Korea Fines Google, Meta $72m for Privacy Violations

Seoul's Personal Information Protection Commission said it had fined Alphabet's Google $50m and Meta $22m for privacy violations. Both said they would review the finding.

Twitter Has a Chinese Spy, Says Its Former Security Chief
Apple to Use New TSMC Chip Tech in iPhones, Macs – Nikkei
US Pondering Sanctions to Stop China Invading Taiwan
Taiwan Firm to Start Work Soon on $5bn Wafer Plant in Texas
Twitter Reaped a Bonanza From Chinese State Entities
Ether Eyes Bitcoin’s Crypto Crown as ‘Merge’ Upgrade Looms
Vedanta Picks Modi’s State for $20bn India Chips Plant

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