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Latest: Fintech News

Owner of India’s ShareChat to Pay $700m for Rival TakaTak
Owner of India’s ShareChat to Pay $700m for Rival TakaTak

The parent company of India's ShareChat will acquire local rival MX's short-video platform in a deal worth about $700 million, as competition heats up in the sector

Chinese Social Media Delete ‘Illegal’ Olympics Posts
Chinese Social Media Delete ‘Illegal’ Olympics Posts

While Chinese netizens have heaped praise on athletes such as Eileen Gu and Su Yiming, criticism has been aimed at figure skater Zhu Yi

No Uniform Model for Central Bank Digital Currencies: IMF
No Uniform Model for Central Bank Digital Currencies: IMF

Roughly 100 countries are looking at CBDCs, the IMF estimates, as it published a study looking at six nations where digital money is already in place

The Fall of Bitcoin Bonnie and Crypto Clyde
Explainer: How Thieves Steal Cryptocurrency
Four Agencies Developing Digital Yuan – Beijing Daily
Yum China Adds Machines, Not Workers – Nikkei Asia
Cost Cutting, Weak Yen Prompt Honda to Raise Profit Forecast
Toyota Profits Drop 21% in 3rd Quarter Amid Chip Squeeze
EU Joins Chips Race with $49bn Bid to Rival Asia

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