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Latest: Fintech News

Ex-Treasury Secretary Mnuchin Planning Group to Buy TikTok
Ex-Treasury Secretary Mnuchin Planning Group to Buy TikTok

US senators will consider alternative strategies for control of social media platforms and data, rather than rush to pass a bill that would force the sale of TikTok in the US. With Beijing opposed to the bill, a legal challenge also looks likely

EU Probe Into AliExpress Over Online Compliance, Illegal Products
EU Probe Into AliExpress Over Online Compliance, Illegal Products

European officials are investigating social media platforms' compliance on illegal content amid concern on deepfake news and AI risks, and harmful products

Don’t Throw Coins at Planes, China Airline Warns – Insider
Don’t Throw Coins at Planes, China Airline Warns – Insider

A major airline in China has warned passengers not to throw coins into plane engines after an incident on Hainan Island last week

Many Chinese Carmakers Opening Factories Abroad Despite Rows
Trump Launched CIA Covert Influence Operation Against China
China Says US TikTok Bill an ‘Act of Bullying’ That Will Backfire
US Ready to Ramp Up Investment in Chips, Thailand: Raimondo
Japan’s Space One Rocket Explodes Seconds After Take-Off – JT
US House to Vote on TikTok Divestment, But Senate View Unknown
Intel Can Keep Selling Chips to Huawei Despite AMD Protests

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