William Lee Adams

Live from the UK, this is the Marketplace Morning Report from the BBC World Service.

I'm William Lee Adams.

Good morning.

A new law comes into force in Australia today, banning young teenagers from some of their favorite social media platforms, including Snapchat, TikTok, and Instagram.

And as you'd expect, there's been mixed reactions on the looming ban from teens.

It's being touted as world first legislation.

Under the new rules, if companies fail to take reasonable steps to prevent under-16s from opening accounts, they could be fined up to US$33 million.

The BBC's Katie Watson reports from Sydney.

Okay, let's do the numbers.

Germany's exports rose 0.1% in October, a bump in shipments to EU countries helped offset a drop in exports to the US.

Meanwhile, in Taiwan, monthly imports hit a record high of nearly $48 billion due to demands within the AI supply chain.

South Korean police have raided the headquarters of the country's most popular e-commerce platform, Coupang, which recently suffered a data leak affecting two-thirds of the country's population.

In Seoul, here's the BBC's Jake Kwon.

Jake Kwan.

Now to Sudan, and the paramilitary Rapid Support Forces, or RSF, have said they have seized control of the Northeast African country's largest oil field and refinery, cutting off a key source of government revenue.

The oil field is situated on the border with South Sudan and is also the main processing hub for the country's vital oil exports.

The BBC's Richard Kagoe has the details.

The U.S.

chipmaker NVIDIA has been authorized to sell advanced AI chips to China in a major reversal of Washington's national security policy.

President Trump said the U.S.