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Latest: Fintech News

India Tells Meta to Stop Sharing WhatsApp Data, Group to Appeal
India Tells Meta to Stop Sharing WhatsApp Data, Group to Appeal

Meta said on Tuesday it will appeal the order that restricts the it from sharing data for advertising between WhatsApp and its other apps

Tata ‘to Take Majority Stake in Pegatron iPhone Plant in India’
Tata ‘to Take Majority Stake in Pegatron iPhone Plant in India’

Tata will hold 60% of the Indian JV and run daily operations, while Pegatron will hold the rest and provide technical support, sources say

Biden, Xi Agree Humans, Not AI, Must Make Decisions on Nukes
Biden, Xi Agree Humans, Not AI, Must Make Decisions on Nukes

President Xi said he would work with Trump team as he held final talks with Biden on conflicts, AI, cyber crime, trade, Taiwan, the South China Sea and Russia

US Signs Off on $6.6bn Chips Deal With TSMC, Others Coming
Elon Musk Said to Back Trump’s Plan to Kill Biden’s EV Tax Credit
Conflicts of Interest Shroud Musk’s New ‘Cost Cutter’ Role – AP
Climate Startup Raises $32m to Bury Carbon Waste in Wells
Taiwan Hopes US’ Need For Chips Will Save it From Trump Tariffs
Crypto Sector Eager for Policy Overhaul After Trump’s Big Win
Donald Trump Likely to Try to Block US TikTok Ban – WaPo

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