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How South Korea’s K-beauty industry is being hit by Trump tariffs
Posted onOsmond Chia Business reporter, BBC News Getty Images Cars and smartphones may rank among South Korea’s biggest exports to the US, but few goods inspire a more devoted following than the Asian country’s beauty products. K-beauty – a term that covers a wide range of skincare, makeup and cosmetics from South Korea – is lauded…
Trump says tiny cars are amazing but will Americans actually buy them?
Posted onOsmond ChiaBusiness reporter Jason Garcia Nevi Bergeron and her Suzuki Cappuccino mini sports car America is known as the land of big cars and even bigger SUVs but Donald Trump has an idea that could change that. The president wants to bring to the US tiny vehicles, like those commonly seen on the streets of…
South Korea: Online retail giant Coupang hit by massive data leak
Posted onOsmond ChiaBusiness reporter Getty Images E-commerce giant Coupang is often described as South Korea’s equivalent of Amazon.com South Korea’s largest online retailer, Coupang, has apologised for a massive data breach potentially involving nearly 34 million local customer accounts. The country’s internet authority said that it is investigating the breach and that details from the millions…
Retail sales fall as Black Friday deals fail to lure shoppers
Posted onJosh MartinBusiness reporter Getty Images Retail sales fell unexpectedly in November as Black Friday discounts failed to boost spending, official figures show. Supermarket sales fell for the fourth month in a row, while discounts at retailers across November did not lift Black Friday spending as much as in recent years, the Office for National Statistics…
Ofcom urged to use banning powers over X AI deepfakes
Posted onThe government has urged the regulator Ofcom to use all its powers – up to and including an effective ban – against X over concerns about unlawful AI images created on the site. Ofcom’s powers include the ability to obtain a court order to prevent third parties from helping the Elon Musk-owned platform from raising…
