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Latest: Fintech News

Temu, Shein Face Tough Online Content Rules As EU Users Soar
Temu, Shein Face Tough Online Content Rules As EU Users Soar

Fast fashion e-commerce retailers face rules that apply to Meta, Google, X and TikTok, as their average monthly users in Europe top a key threshold

TikTok Denies Plan to Separate Core Algorithm For US, China
TikTok Denies Plan to Separate Core Algorithm For US, China

TikTok’s Chinese parent company has ordered engineers to split the app's recommendation algorithm — a tedious task involving millions of lines of code, according to a new report

US Looking to Fund Bird Flu Vaccine Trial by Moderna – FT
US Looking to Fund Bird Flu Vaccine Trial by Moderna – FT

The news comes amid one of the worst H5N1 outbreaks in the recent years, with bird flu detected in poultry farms in 48 states and dairy herds in nine states.

Tesla ‘Plans to Roll Out Latest Self-Driving System in China’
Chinese Censors Block ‘Wealth Flaunting’ on Social Media – NBC
After Much Planning, China’s EV Makers Set to Storm Europe
US Warns China of Sanctions: ‘Helping Russia Threatens Europe’
Chip Giant Samsung Faces Union Mass Walkout Next Week
Trump Threats to Stop EV Sales May Backfire – Gizmodo
Shein London IPO Plan Under Fire From UK Lawmakers

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