E-commerce and trade

EU reaffirms commitment to Digital Markets Act enforcement

European Commission Executive Vice President Teresa Ribera has stated that the EU has a constitutional obligation under its treaties to uphold its digital rulebook, including the Digital Markets Act (DMA).

Speaking at a competition law conference, Ribera framed enforcement as a duty to protect fair competition and market balance across the bloc.

Her comments arrive amid growing criticism from US technology companies and political pressure from Washington, where enforcement of EU digital rules has been portrayed as discriminatory towards American firms.

Several designated gatekeepers have argued that the DMA restricts innovation and challenges existing business models.

Ribera acknowledged the right of companies to challenge enforcement through the courts, while emphasising that designation decisions are based on lengthy and open consultation processes. The Commission, she said, remains committed to applying the law effectively rather than retreating under external pressure.

Apple and Meta have already announced plans to appeal fines imposed in 2025 for alleged breaches of DMA obligations, reinforcing expectations that legal disputes around EU digital regulation will continue in parallel with enforcement efforts.

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Google and Ant expand agentic commerce standards

Ant International has announced a partnership with Google to support the launch of the Universal Commerce Protocol, a new open standard designed to enable agent-driven commerce across discovery, purchasing and post-purchase support.

A collaboration that aims to simplify how AI agents, merchants and payment providers interact across platforms.

The protocol establishes a shared language that enables agents to collaborate seamlessly without requiring bespoke integrations, while remaining compatible with existing industry frameworks. Google says alignment on common standards is essential for agentic commerce to scale across sectors and markets.

AI interfaces such as the Gemini app and AI Mode in Google Search are expected to support native purchasing within conversations. Users expressing shopping intent will receive curated product options and complete payments through integrated wallet services without leaving the chat environment.

Ant International is contributing payment expertise, alternative payment methods and AI-based risk management to ensure traceable transactions and consumer trust.

The company states that secure intent verification and fraud protection are crucial as users entrust purchasing decisions to intelligent agents.

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US crypto regulation faces new delays

Efforts to reform US cryptocurrency regulation have hit another delay, as Senate senators pushed back the crucial markup of the CLARITY Act. The vote has been moved to the last week of January to secure bipartisan support.

Disagreements persist over stablecoin rewards, DeFi regulation, and regulatory authority between the SEC and CFTC. Without sufficient support, the bill risks stalling in committee and losing momentum for the year.

The CLARITY Act aims to bring structure to the US digital asset landscape, clarifying which tokens are classed as securities or commodities and expanding the CFTC’s supervisory role. It sets rules for market oversight and asset handling, providing legal clarity beyond the current enforcement-focused system.

The House passed its version in mid-2025, but the Senate has yet to agree on wording acceptable to all stakeholders. Delaying the markup gives Senate leaders time to refine the bill and rebuild support for potential 2026 reform.

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Betterment confirms data breach after social engineering attack

Fintech investment platform Betterment has confirmed a data breach after hackers gained unauthorised access to parts of its internal systems and exposed personal customer information.

The incident occurred on 9 January and involved a social engineering attack connected to third-party platforms used for marketing and operational purposes.

The company said the compromised data included customer names, email and postal addresses, phone numbers and dates of birth.

No passwords or account login credentials were accessed, according to Betterment, which stressed that customer investment accounts were not breached.

Using the limited system access, attackers sent fraudulent notifications to some users promoting a crypto-related scam.

Customers were advised to ignore the messages instead of engaging with the request, while Betterment moved quickly to revoke the unauthorised access and begin a formal investigation with external cybersecurity support.

Betterment has not disclosed how many users were affected and has yet to provide further technical details. Representatives did not respond to requests for comment at the time of publication, while the company said outreach to impacted customers remains ongoing.

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AI reshapes Europe’s labour market outlook

European labour markets are showing clear signs of cooling after a brief period of employee leverage during the pandemic.

Slower industrial growth, easing wage momentum and increased adoption of AI are encouraging firms to limit hiring instead of expanding headcounts, while workers are becoming more cautious about changing jobs.

Economic indicators suggest employment growth across the EU will slow over the coming years, with fewer vacancies and stabilising migration flows reducing labour market dynamism.

Germany, France, the UK and several central and eastern European economies are already reporting higher unemployment expectations, particularly in manufacturing sectors facing high energy costs and weaker global demand.

Despite broader caution, labour shortages persist in specific areas such as healthcare, logistics, engineering and specialised technical roles.

Southern European countries benefiting from tourism and services growth continue to generate jobs, highlighting uneven recovery patterns instead of a uniform downturn across the continent.

Concerns about automation are further shaping behaviour, as surveys indicate growing anxiety over AI reshaping roles rather than eliminating work.

Analysts expect AI to transform job structures and skill requirements, prompting workers and employers alike to prioritise adaptability instead of rapid expansion.

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Robot vacuum market grows as AI becomes central to cleaning technology

Consumer hardware is becoming more deeply embedded with AI as robot vacuum cleaners evolve from simple automated devices into intelligent household assistants.

New models rely on multimodal perception and real-time decision-making, instead of fixed cleaning routes, allowing them to adapt to complex domestic environments.

Advanced AI systems now enable robot vacuums to recognise obstacles, optimise cleaning sequences and respond to natural language commands. Technologies such as visual recognition and mapping algorithms support adaptive behaviour, improving efficiency while reducing manual input from users.

Market data reflects the shift towards intelligence-led growth.

Global shipments of smart robot vacuums increased by 18.7 percent during the first three quarters of 2025, with manufacturers increasingly competing on intelligent experience rather than suction power, as integration with smart home ecosystems accelerates.

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Eli Lilly and NVIDIA invest in AI-driven pharmaceutical innovation

NVIDIA and Eli Lilly have announced a joint AI co-innovation lab aimed at advancing drug discovery by combining AI with pharmaceutical research.

The partnership combines Lilly’s experience in medical development with NVIDIA’s expertise in accelerated computing and AI infrastructure.

The two companies plan to invest up to $1 billion over five years in research capacity, computing resources and specialist talent.

Based in the San Francisco Bay Area, the lab will support large-scale data generation and model development using NVIDIA platforms, instead of relying solely on traditional laboratory workflows.

Beyond early research, the collaboration is expected to explore applications of AI across manufacturing, clinical development and supply chain operations.

Both NVIDIA and Eli Lilly claim the initiative is designed to enhance efficiency and scalability in medical production while fostering long-term innovation in the life sciences sector.

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Google expands AI shopping through Gemini

Google is expanding shopping features inside its Gemini chatbot through partnerships with Walmart and other retailers. Users will be able to browse and buy products without leaving the chat interface.

An instant checkout function allows purchases through linked accounts and selected payment providers. Walmart customers can receive personalised recommendations based on previous shopping activity.

The move was announced at the latest National Retail Federation convention in New York. Tech groups are racing to turn AI assistants into end-to-end retail tools.

Google said the service will launch first in the US before international expansion. Payments initially rely on Google-linked cards, with PayPal support planned.

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Google brings AI to personalised shopping

Google is working with major retailers to use AI in guiding customers from product discovery to checkout. The company has launched the Universal Commerce Protocol, an open standard for seamless agentic commerce that keeps retailers in control of customer relationships.

The Universal Commerce Protocol works with existing systems and partners, including Shopify, Etsy, Wayfair, Target, and Walmart.

Customers can receive personalised offers, loyalty rewards, and recommendations in Google Search or Gemini, completing purchases via Google Pay without leaving the platform.

To support retailers, Google has launched Gemini Enterprise for Customer Experience, which unifies search, commerce, and service touchpoints across all channels.

Early partners, such as The Home Depot and McDonald’s, are already utilising AI-powered agents to enhance service, provide proactive recommendations, and improve customer engagement.

Logistics also feature prominently, with Wing expanding delivery capabilities alongside Walmart, doubling operations in existing markets, and rolling out to Houston, Orlando, Tampa, Charlotte, and other cities.

Google aims to create an end-to-end shopping ecosystem where AI, agentic protocols, and seamless delivery elevate both customer and retailer experiences.

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India mandates live identity checks for crypto users

India’s Financial Intelligence Unit has tightened crypto compliance, requiring live identity checks, location verification, and stronger Client Due Diligence. The measures aim to prevent money laundering, terrorist financing, and misuse of digital asset services.

Crypto platforms must now collect multiple identifiers from users, including IP addresses, device IDs, wallet addresses, transaction hashes, and timestamps.

Verification also requires users to provide a Permanent Account Number and a secondary ID, such as a passport, Aadhaar, or voter ID, alongside OTP confirmation for email and phone numbers.

Bank accounts must be validated via a penny-drop mechanism to confirm ownership and operational status.

Enhanced due diligence will apply to high-risk transactions and relationships, particularly those involving users from designated high-risk jurisdictions and tax havens. Platforms must monitor red flags and apply extra scrutiny to comply with the new guidelines.

Industry experts have welcomed the updated rules, describing them as a positive step for India’s crypto ecosystem. The measures are viewed as enhancing transparency, protecting users, and aligning the sector with global anti-money laundering standards.

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