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Latest: Fintech News

Kraken Crypto Exchange Operator Hit With $5m Fine in Australia
Kraken Crypto Exchange Operator Hit With $5m Fine in Australia

A Federal Court in Australia has ruled that Bit Trade, which ran a Kraken crypto exchange, must pay a fine of $5.1m for unlawfully issuing a credit facility

Taiwanese Officials in US For Talks With Trump’s Team: Sources
Taiwanese Officials in US For Talks With Trump’s Team: Sources

Taiwanese officials are in Washington to meet Trump's transition team, sources say, while CBS claims Trump issued an invitation to President Xi to attend his inauguration on January 20

US Hits China Firm for Cyberattack, ‘Burma’ Firms for Bombings
US Hits China Firm for Cyberattack, ‘Burma’ Firms for Bombings

The US continues to impose sanctions on foreign companies for crimes, such as a mass cyberattack described as potentially deadly, plus Burmese firms aiding the Myanmar military's bombing of civilians

China Central Bank ‘to Allow a Weaker Yuan’ as Trade Risk Rises
Nvidia ‘Facing $1bn Fine’ as China Opens Anti-Monopoly Probe
China Deploys Biggest Naval Fleet in 30 Years, Taiwan Warns
South Korea Left Without a Leader as Crucial Trump Tariffs Loom
India Wants Help From Musk’s Starlink on $4.2bn Drug Case
China’s BYD Gaining Greater Sales, May Outsell Ford, Honda
India Competition Body Seeks Ruling on Amazon, Flipkart Cases

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