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Latest: Fintech News

Alibaba Shares Sink After Report SoftBank Will Slash its Stake
Alibaba Shares Sink After Report SoftBank Will Slash its Stake

Chinese e-commerce giant's shares fell by 5% in Hong Kong, before recovering some losses, after news SoftBank will greatly reduce its key stake in Alibaba

China, HK Firms Sending a Flood of US Chips to Russia – Nikkei
China, HK Firms Sending a Flood of US Chips to Russia – Nikkei

The trade in US computer chips from Hong Kong and China to Russia soared more than tenfold last year to at least $740 million, according to a probe by Nikkei

Musk Says Unaware Why Twitter Censored Posts Critical of Modi
Musk Says Unaware Why Twitter Censored Posts Critical of Modi

"If we have a choice of either our people go to prison or we comply with the laws, we will comply with the laws," Elon Musk said in a BBC broadcast live on Twitter Spaces

Singapore Oil Tycoon Accused of Cheating HSBC Out of $111m
China Tensions a Factor in Berkshire TSMC Stake Sale: Buffett
China Preparing for War, Taiwan Foreign Minister Tells CNN
Google Fined $32m by Korean Regulator for Blocking Games
Stocks Hold Their Ground on Most Asian Markets
Beijing Unveils Sweeping Laws to Regulate ChatGPT-Like AI Tech
Tesla Facing US Lawsuit Over Alleged Privacy Intrusion

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