E-commerce and trade

Malawi and Zambia join COMESA digital payment trials

The COMESA Clearing House (CCH) has reached a major milestone in its efforts to modernise regional trade, advancing its Digital Retail Payments Platform (DRPP) to user trials across Malawi and Zambia. The initiative, developed to simplify cross-border transactions using local currencies, aims to make payments faster, cheaper, and more accessible across the Common Market for Eastern and Southern Africa.

The latest phase involves two digital financial service providers and one foreign exchange provider, marking the successful transition from technical testing to real-world trials. Designed with inclusion and security in mind, the DRPP targets a wide range of users, from small businesses and informal traders to individual citizens, helping to remove long-standing barriers to regional commerce.

CCH has called on governments, financial institutions, and private-sector partners to join this pivotal stage of development, emphasising that collaboration is key to refining the system. Once fully operational, the platform will allow cross-border payments to function as seamlessly as domestic ones, fostering economic growth and trade integration across the region.

By combining innovation with financial cooperation, the COMESA Clearing House continues to build the foundation for a more connected and prosperous regional economy, one where inclusive, digital payments empower businesses and communities alike.

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OpenAI joins dialogue with the EU on fair and transparent AI development

The US AI company, OpenAI, has met with the European Commission to discuss competition in the rapidly expanding AI sector.

A meeting focused on how large technology firms such as Apple, Microsoft and Google shape access to digital markets through their operating systems, app stores and search engines.

During the discussion, OpenAI highlighted that such platforms significantly influence how users and developers engage with AI services.

The company encouraged regulators to ensure that innovation and consumer choice remain priorities as the industry grows, noting that collaboration between major and minor players can help maintain a balanced ecosystem.

An issue arises as OpenAI continues to partner with several leading technology companies. Microsoft, a key investor, has integrated ChatGPT into Windows 11’s Copilot, while Apple recently added ChatGPT support to Siri as part of its Apple Intelligence features.

Therefore, OpenAI’s engagement with regulators is part of a broader dialogue about maintaining open and competitive markets while fostering cooperation across the industry.

Although the European Commission has not announced any new investigations, the meeting reflects ongoing efforts to understand how AI platforms interact within the broader digital economy.

OpenAI and other stakeholders are expected to continue contributing to discussions to ensure transparency, fairness and sustainable growth in the AI ecosystem.

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Facebook and Instagram Reels get multilingual boost with Meta AI

Meta has introduced new AI-powered translation features that allow Facebook and Instagram users to enjoy reels from around the world in multiple languages.

Meta AI now translates, dubs, and lip-syncs short videos in English, Spanish, Hindi, and Portuguese, with more languages to be added soon.

A tool that reproduces a creator’s voice and tone while automatically syncing translated audio to their lip movements, providing a natural viewing experience. It is free for Facebook creators with over 1,000 followers and all public Instagram accounts in countries where Meta AI is available.

The expansion is part of Meta’s goal to make global content more accessible and to help creators reach wider audiences. By breaking language barriers, Meta aims to strengthen community connections and turn Reels into a platform for global cultural exchange.

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Retailers face new pressure under California privacy law

California has entered a new era of privacy and AI enforcement after the state’s privacy regulator fined Tractor Supply USD1.35 million for failing to honour opt-outs and ignoring Global Privacy Control signals. The case marks the largest penalty yet from the California Privacy Protection Agency.

In California, there is a widening focus on how companies manage consumer data, verification processes and third-party vendors. Regulators are now demanding that privacy signals be enforced at the technology layer, not just displayed through website banners or webforms.

Retailers must now show active, auditable compliance, with clear privacy notices, automated data controls and stronger vendor agreements. Regulators have also warned that businesses will be held responsible for partner failures and poor oversight of cookies and tracking tools.

At the same time, California’s new AI law, SB 53, extends governance obligations to frontier AI developers, requiring transparency around safety benchmarks and misuse prevention. The measure connects AI accountability to broader data governance, reinforcing that privacy and AI oversight are now inseparable.

Executives across retail and technology are being urged to embed compliance and governance into daily operations. California’s regulators are shifting from punishing visible lapses to demanding continuous, verifiable proof of compliance across both data and AI systems.

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PayPay and Binance Japan unite to advance digital finance

PayPay, Japan’s top cashless payment firm and a SoftBank company, has acquired 40% of Binance Japan to unite traditional finance with blockchain innovation. The partnership merges PayPay’s 70 million users and trusted network with Binance’s digital asset expertise and global Web3 leadership.

Under the new alliance, Binance Japan users will soon be able to purchase cryptocurrencies using PayPay Money and withdraw funds directly into their PayPay wallets. The integration seeks to simplify digital trading and connect cashless payments with decentralised finance.

Executives from both companies highlighted the significance of this collaboration. PayPay’s Masayoshi Yanase said the deal supports Japan’s financial growth, while Takeshi Chino called it a milestone for everyday Web3 adoption.

The alliance is expected to accelerate Japan’s digital finance landscape, strengthening its role as one of the world’s most advanced economies in financial technology. By combining secure payments with blockchain innovation, PayPay and Binance Japan aim to build a seamless digital economy.

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Ant Group launches trillion-parameter AI model Ling-1T

Ant Group has unveiled its Ling AI model family, introducing Ling-1T, a trillion-parameter large language model that has been open-sourced for public use.

The Ling family now includes three main series: the Ling non-thinking models, the Ring thinking models, and the multimodal Ming models.

Ling-1T delivers state-of-the-art performance in code generation, mathematical reasoning, and logical problem-solving, achieving 70.42% accuracy on the 2025 AIME benchmark.

A model that combines efficient inference with strong reasoning capabilities, marking a major advance in AI development for complex cognitive tasks.

Company’s Chief Technology Officer, He Zhengyu, said that Ant Group views AGI as a public good that should benefit society.

The release of Ling-1T and the earlier Ring-1T-preview underscores Ant Group’s commitment to open, collaborative AI innovation and the development of inclusive AGI technologies.

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Amazon launches Quick Suite for agentic AI in business

Amazon has launched Quick Suite, an AI-powered workspace that delivers fast insights and simplifies business operations. The platform gathers data from Slack, Salesforce, Snowflake, other databases, and the public internet, providing answers from single points to full research projects.

Quick Suite enables users to move seamlessly from insights to action, integrating with applications such as Salesforce, Jira, and ServiceNow. It automates tasks from daily routines, like responding to RFPs, to complex processes such as invoice handling, while keeping all data secure and private.

The platform is simple to deploy, with AWS administrators able to activate it in a few steps. New customers get a 30-day free trial for up to 25 users, with Quick Suite available in key AWS regions and expansion planned.

Quick Suite aims to enhance productivity and decision-making by combining AI-driven research, chat, and automation capabilities in one workspace, enabling businesses to act on insights faster than ever before.

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Beijing tightens grip on rare earth exports

China has announced new restrictions on rare earth and permanent magnet exports, significantly escalating its control over critical materials essential for advanced technologies and defence production. The move, revealed ahead of President Donald Trump’s expected meeting with President Xi Jinping, introduces the most rigid export controls yet.

For the first time, Beijing will require foreign companies to obtain approval to export magnets that contain even minimal Chinese-sourced materials or were made with Chinese technology, effectively extending its influence across the global supply chain.

The restrictions could have profound implications for the US defence and semiconductor industries. Rare earth elements are indispensable for producing fighter jets, submarines, missiles, and other advanced systems.

Beginning 1 December 2025, any company tied to foreign militaries, particularly the US, will likely be denied export licenses, while applications for high-tech uses, such as next-generation semiconductors, will face case-by-case reviews. These measures grant Chinese authorities broad discretion to delay or deny exports, tightening their strategic control at a time when Washington already struggles to boost domestic production.

Beijing’s announcement also limits Chinese nationals from participating in overseas rare earth projects without government authorisation, aiming to block the transfer of technical know-how abroad. Analysts suggest the move serves both as a negotiation tactic ahead of renewed trade talks and as a continuation of China’s long-term strategy to weaponise its dominance in the rare earth sector, which supplies over 90% of the world’s magnet manufacturing.

Meanwhile, the US is racing to build resilience. Noveon Magnetics and Lynas Rare Earths are partnering to establish a domestic magnet supply chain, while the Department of War has invested heavily in MP Materials to expand rare earth mining and processing capacity.

Yet experts warn that developing these capabilities will take years, leaving China with significant leverage over global supply chains critical to US national security.

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Nvidia to invest $2bn in Elon Musk’s xAI

Nvidia is reportedly investing up to $2bn in Elon Musk’s AI company, xAI, as part of a $20bn funding round aimed at scaling its Colossus 2 data centre in Memphis. The capital will be used to buy Nvidia GPUs, essential for powering xAI’s next generation of AI models.

The funding package combines about $7.5bn in equity and up to $12.5bn in debt, structured through a special purpose vehicle that will lease the hardware to xAI over five years. The debt is secured by the GPUs themselves, allowing investors to recover their costs through chip rentals.

xAI faces mounting financial pressure, with reports indicating a cash burn of around $1bn per month. The firm raised $10bn earlier in the year and continues to draw on capital from Musk’s other ventures, including SpaceX.

The move comes amid an intense funding surge across the AI sector, as OpenAI, Meta and Oracle also announce multi-billion-dollar investments in infrastructure. Nvidia’s latest deal with xAI further cements its position at the centre of the global AI hardware ecosystem.

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Satellite images and AI reveal hidden mining footprints worldwide

Researchers are using satellite imagery and AI modelling to map global mining activity and close critical data gaps. Transition minerals, such as lithium and copper, are vital for renewable technologies but often come from ecologically sensitive regions, raising concerns about both environmental and social impacts.

Project lead Victor Maus from the Vienna University of Economics and Business said many new projects overlap with areas of high biodiversity or Indigenous lands. Over half of transition mineral resources are on or near Indigenous or subsistence farming territories, according to earlier studies.

Previous mapping efforts have struggled to document small-scale and informal mining, which remains unregulated despite its impact. Maus’s team compared satellite images of 120,000 square kilometres of mine footprints with the S&P Capital IQ Pro database and found over half missing.

To close these gaps, the team is creating a mining database under the EU-funded Mine the Gap initiative. By combining multispectral, radar, and hyperspectral imagery with AI, they aim to monitor land use, waste generation, and environmental degradation.

Experts say the database could support policymakers and increase transparency. Maus emphasised that global reporting standards are crucial for enhancing accountability and informing decisions on managing the environmental and social impacts of mining.

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