E-commerce and trade Archives | Page 2 of 195

Tesla moves to enter the British household electricity market

A licence that would allow Tesla to supply electricity directly to households and businesses across Great Britain has been applied for.

The application was submitted to the national energy regulator Ofgem, which oversees energy suppliers in England, Scotland and Wales.

Approval would enable the company to enter the retail electricity market as early as next year. The service is expected to operate under the brand ‘Tesla Electric’, extending the company’s strategy of combining electric vehicles, battery storage and energy supply into a single ecosystem.

Tesla’s UK energy subsidiary, Tesla Energy Ventures, filed the application through its Manchester-based operation. Regulatory review may take several months, as Ofgem typically requires up to nine months to evaluate electricity supplier licences.

A future electricity offer could primarily target households that already use Tesla technologies, including home batteries and electric vehicle charging systems.

The company sells Powerwall storage batteries in the UK, which allow homeowners to store electricity generated by solar panels or purchased during off-peak hours.

Such systems also allow surplus energy stored in batteries to be sold back to the grid.

Similar services are already available in the US, where Tesla launched a residential electricity supply programme in Texas in 2022.

The expansion into the energy supply market comes amid pressure on Tesla’s automotive business in Europe. Sales of Tesla vehicles in the UK declined significantly during 2025, reducing the company’s share of the national car market.

Diversifying into energy services could therefore represent a broader strategic shift for the company led by Elon Musk. Integrating electricity supply with electric vehicles and home energy systems could allow Tesla to build a more comprehensive energy platform for consumers.

If approved, the initiative would position Tesla as both a technology manufacturer and a direct energy supplier in the British market.

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EU charts roadmap for tokenised financial markets

The European Central Bank (ECB) has unveiled Appia, a strategic roadmap for developing Europe’s tokenised financial ecosystem anchored in central bank money. The initiative aims to guide the shift from traditional finance to tokenised markets while ensuring stability and interoperability.

A key component of Appia is Pontes, the Eurosystem’s distributed ledger technology (DLT) settlement solution. Pontes, set for Q3 2026 pilots, will enable central bank money transactions and connect DLT infrastructures with the Eurosystem’s TARGET2, T2S, and TIPS services.

The ECB has opened a public consultation inviting feedback and proposals from both public and private sector stakeholders. Respondents’ input will help refine the roadmap and shape the long-term blueprint for Europe’s tokenised financial system.

Appia also complements ongoing efforts on the digital €, with payment service provider selection planned for 2026 and a 12-month pilot trial in the second half of 2027.

The initiative highlights the ECB’s commitment to integrating emerging technologies while preserving financial stability.

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EU competition regulators expand scrutiny across the entire AI ecosystem

Competition authorities in the EU are broadening their oversight of the AI sector, examining every layer of the technology’s value chain.

Speaking at a conference in Berlin, Teresa Ribera explained that regulators are analysing the full ‘AI stack’ instead of focusing solely on consumer applications.

According to the competition chief, scrutiny extends beyond visible AI tools to the systems that support them. Investigations are assessing underlying models, the data used to train those models, as well as cloud infrastructure and energy resources that power AI systems.

Regulatory attention has already reached the application layer.

The European Commission opened an investigation in 2025 involving Meta after concerns emerged that the company could restrict competing AI assistants on its messaging platform WhatsApp.

Following regulatory pressure, Meta proposed allowing rival AI chatbots on the platform in exchange for a fee. European regulators are now assessing the proposal to determine whether additional intervention is necessary to preserve fair competition in rapidly evolving digital markets.

Authorities have also examined concentration risks across other parts of the AI ecosystem, including the infrastructure layer dominated by companies such as Nvidia.

Regulators argue that effective competition oversight must address the entire technology stack as AI markets expand quickly.

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BeatBanker malware targets Android users in Brazil

A new Android malware called BeatBanker is targeting users in Brazil through fake Starlink and government apps. The malware hijacks devices, steals banking credentials, tampers with cryptocurrency transactions, and secretly mines Monero.

Infection begins on phishing websites mimicking the Google Play Store or the ‘INSS Reembolso’ app. Users are tricked into installing trojanised APKs, which evade detection through memory-based decryption and by blocking analysis environments.

Fake update screens maintain persistence while silently downloading additional malicious payloads.

BeatBanker initially combined a banking trojan with a cryptocurrency miner. It uses accessibility permissions to monitor browsers and crypto apps, overlaying fake screens to redirect Tether and other crypto transfers.

A foreground service plays silent audio loops to prevent the device from shutting down, while Firebase Cloud Messaging enables remote control of infected devices.

The latest variant replaces the banking module with the BTMOB RAT, providing full control over devices. Capabilities include automatic permissions, background persistence, keylogging, GPS tracking, camera access, and screen-lock credential capture.

Kaspersky warns that BeatBanker demonstrates the growing sophistication of mobile threats and multi-layered malware campaigns.

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Over 85 companies join global crypto partner program

Mastercard has introduced the Crypto Partner Program, a global initiative connecting more than 85 crypto-native companies, payments providers, and financial institutions. The program aims to create a forum for collaboration that aligns innovation in digital assets with traditional payment systems.

Enterprise use cases such as cross-border remittances, payouts, and settlements are growing, underscoring the practical potential of on-chain payments. Participants will collaborate with Mastercard to design products that combine the speed and programmability of digital assets with existing card rails and global commerce.

The initiative builds on Mastercard’s long-standing approach to blockchain and digital assets, including Start Path and the Engage platform, which provide opportunities for collaboration, innovation, and growth.

The program focuses on turning technical innovation into scalable, compliant solutions that can operate across markets and everyday commerce.

Partners in the Crypto Partner Program include Binance, Circle, Crypto.com, Solana, Ripple, PayPal, and over 80 other industry leaders, demonstrating the growing ecosystem of companies working together to shape the future of digital payments.

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EU lawmakers call for stronger copyright safeguards in AI training

The European Parliament has adopted a report urging policymakers to establish a long-term framework protecting copyrighted works used in AI training.

These recommendations aim to ensure that creative industries retain transparency and fair treatment as generative AI technologies expand.

Among the central proposals is the creation of a European register managed by the European Union Intellectual Property Office. The database would list copyrighted works used to train AI systems and identify creators who have chosen to exclude their content from such use.

Lawmakers in the EU are also calling for greater transparency from AI developers, including disclosure of the websites from which training data has been collected. According to the report, failing to meet transparency requirements could raise questions about compliance with existing copyright rules.

The recommendations have received mixed reactions from industry stakeholders.

Organisations representing creators argue that stronger safeguards are necessary to ensure fair remuneration and legal clarity, while technology sector groups caution that additional requirements could create complexity for companies developing AI systems.

The report is not legally binding but signals the political direction of ongoing European discussions on copyright and AI governance.

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Google adds option to disable AI search in Google Photos

Users of Google Photos will now have greater control over how they search their images, after Google introduced a visible toggle that returns to the traditional search experience.

The update follows complaints about the AI-powered Ask Photos feature.

Ask Photos was designed to allow users to search for images using natural language queries rather than simple keywords. The tool aimed to make photo searches more flexible, enabling complex queries such as descriptions of people, events or locations captured in images.

However, some users reported that the AI system produced slower results and occasionally failed to locate images that the classic search had previously found more reliably.

Although an option to turn off the AI feature already existed, it was hidden within settings and often overlooked.

The new update introduces a visible switch directly on the search interface. Users can now easily alternate between the AI-powered search and the traditional search system depending on their preferences.

Google said improvements have also been made to the quality of common searches following user feedback. The company emphasised that search remains one of the most frequently used functions within Google Photos and that ongoing updates will continue to refine the experience.

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Malicious npm package targets developers with Openclaw impersonation

Security researchers uncovered a malicious npm package impersonating an Openclaw AI installer, designed to infect developer machines with credential-stealing malware.

JFrog Security Research identified the attack in early March 2026 after the package appeared on the npm registry and was downloaded roughly 178 times.

The deceptive package mimics legitimate Openclaw tools and contains ordinary-looking JavaScript files and documentation. Hidden scripts run during installation, displaying a fake command-line interface and a fabricated system prompt that requests the user’s password.

Entering the password grants the malware elevated access and allows it to download an encrypted payload from a remote command server. Once installed, the payload deploys Ghostloader, a remote access trojan that persists on the system and communicates with attacker servers.

Researchers say the malware targets sensitive information, including saved passwords, browser cookies, SSH keys, and cryptocurrency wallet files. Developers are advised to remove the package immediately, rotate credentials, and install software only from verified sources.

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CEOs track new metric in AI workforce shift

Executives across the US are increasingly using a metric known as labour cost margin to evaluate workforce needs in the AI era. Business leaders in the US say the measure reflects how companies balance human labour with expanding technology investments.

A KPMG survey of 100 US CEOs shows strong corporate commitment to AI spending. Nearly 80 percent of executives allocate at least five percent of capital budgets to AI projects.

The workforce impact remains uncertain despite growing investment. Many executives expect AI to change job composition rather than eliminate roles.

Companies are hiring new technology-focused roles, including AI strategists and workflow coordinators. Analysts say repetitive office tasks in the US may face the greatest risk from automation.

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EU draft regulation aims to create new legal framework for startups

A draft initiative from the European Commission seeks to introduce a new legal structure designed to simplify how companies operate across the EU.

The proposal, often referred to as the ‘EU Inc’ initiative, explores the creation of a so-called ’28th regime’ that would exist alongside national corporate frameworks used by member states.

A concept that aims to provide startups and technology firms with a single legal structure that applies across the EU.

Instead of navigating different national rules in each country, companies could operate under a unified regulatory model intended to reduce administrative barriers and encourage cross-border innovation.

According to the draft, the initiative may rely on an EU regulation rather than separate national legislation. Such an approach could enable faster implementation, as the EU regulations apply directly across all member states without requiring domestic transposition.

However, the legal basis of the proposal could raise institutional concerns. Using a regulation as the primary mechanism may constitute an unconventional shortcut in the EU lawmaking, potentially sparking debate among policymakers over the approach’s scope and legitimacy.

The initiative reflects broader efforts within the Union to simplify regulatory frameworks and strengthen the competitiveness of European startups. If adopted, the ‘EU Inc’ model could reshape how young companies expand across the single market.

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