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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 renews threat to impose 100% tariffs on non-US made movies
Posted onDonald Trump has repeated his threat to impose a 100% tariff on all films not made in the US, claiming the American industry had been “stolen” by other countries. He said on Monday that California had been heavily affected and the levy would “solve this long time, never ending problem”. In May, the US president…
Asahi ransomware attack: Personal data potentially stolen
Posted onPersonal data may have been stolen in the ransomware attack that forced Asahi to halt beer production, the company has said. Japan’s biggest brewer was forced to halt production at the majority of its 30 factories in the country, after a cyber-attack late last month disrupted everything from beer shipments to its accounting system. All…
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…
Bangladesh secures lower US tariffs and exemptions for clothing goods
Posted onIn exchange, Bangladesh has agreed to provide “significant preferential market access” to a host of American agricultural and industrial goods. These include opening up its markets to more US chemicals, medical devices, car parts, soy products and meat, said the White House.
