Chapter 1: What recent discussions have taken place regarding Greenland's future?
Will the focus on Greenland attract international investors? Live from the UK, this is the Marketplace Morning Report from the BBC World Service. I'm William Lee Adams. Good morning. Frank but constructive. That's how the Danish foreign minister described talks between the U.S., Denmark, and Greenland, despite fundamental disagreement over the future of the Arctic island.
President Trump's interest centers around defense, and Greenland is also rich in natural resources like critical minerals. There are only two active mines on the entire island. The Canadian company Amarok operates one of them, a gold mine, and it has licenses to explore large parts of the territory. Amarok shares have doubled in value since last summer.
Its CEO, Elder Olofsson, is optimistic despite the current dispute.
The focus on Greenland ever since 2017, when Trump put the focus on country, it brought the attention of investors all around the world for this huge resource opportunity that is in country.
Chapter 2: How are investors viewing the mineral resources in Greenland?
Now, I don't think anyone in the market believes that there won't be found a good solution to this discussion between US, Denmark and the allies in the North Atlantic. And so therefore, I think the focus of investors is that there will be a lot more capital coming into country.
There will be a lot more investment focus because, as I said earlier, this is a resource base in this race for critical minerals and energy that needs to be developed to secure the Western world with critical minerals.
So how can the situation be resolved?
I think it's a cooperation angle like has happened between Denmark and US now for more than 80 years. And I should say Nordics and US. So these have been the strongest partners to protect the Atlantic, to protect the shipping route, to protect the resources there. So I think we'll see that relatively soon in the next coming weeks that there will be an amenable agreement to all parties.
I think it is vital to America that that is secured for the long run. So they want some autonomy of that in relation to defense, but they also want to develop the critical minerals there. Denmark wants exactly the same. I think Greenland wants exactly the same. So I think it's about making sure that the message is clear and everybody is working towards the same thing.
Elder Olofsson, CEO of Amarok. And Donald Trump has announced new tariffs on chipmakers NVIDIA and AMD as part of a deal with the technology giants to take a 25% cut of sales of their AI processors to China. The BBC's Archana Shukla explains how this is going to work.
President Trump has been very clear that he wants a cut from the sale of these advanced computing chips to China, and that is 25%. It's a very unusual arrangement. So Nvidia, which is the largest seller of these chips, or even AMD, they all rely on TSMC in Taiwan for nearly 90% of all their products. Now, Trump says that all the chips that will be sold to China...
will have to be rerouted to the U.S. for third-party quality checks before being transhipped to Chinese companies. And that is where this 25% tariff will apply.
Archana Shukla there. All right, let's see the numbers. The U.K. economy grew by 0.3% in November to hit a five-month high that was driven partly by a rebound in production at Jaguar Land Rover following a massive cyber attack. And in Sweden, telecoms equipment group Ericsson says it will lay off some 1,600 employees.
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Chapter 3: What is the significance of the current geopolitical interest in Greenland?
By moisturizing, you're helping the skin cells to rapidly repair themselves.
Beauty influencer Leah Yoo has more than a million followers on YouTube and regularly posts about K-beauty. She explains why it's so popular.
South Korean technology in terms of the formulation, the texture experience, and the overall sensorial and the experiential experience of the product in skincare has really, really been optimized for social media.
It's a booming business. Last year, South Korean companies sold $10 billion worth of beauty products to customers around the world. There's no doubt K-beauty is riding the K-culture wave. And products are so popular, they're now stocked in global retailers. In the heart of Seoul, K-beauty is absolutely everywhere. I'm standing in one of South Korea's most popular retailers.
It sells everything to do with K-beauty. And it's estimated that around 30,000 businesses are making these types of products.
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Chapter 4: How has the focus on Greenland changed since 2017?
And it's not just the big Korean names that are successful. In such a crowded market, fierce competition has triggered price wars. But that also means customers have access to high-quality products at affordable prices.
An elaborate ecosystem in South Korea keeps costs down and means companies can launch products quickly, going from concept to shelf in under six months, something that can take Western brands years. My pores, I know they're kind of bad. Tourists are drawn to the promise of flawless skin at South Korea's beauty megastores, but also at local clinics, which offer more intensive procedures.
Kira and Marcus are both tourists from the U.S. who are trying out skin procedures at this Seoul clinic. I think it's almost like a tourist attraction now. You know, you almost kind of have to try it once you come.
Here it's like really cheap and kind of everybody does it. And, you know, it's okay for guys to do it too.
But the global obsession means people are sometimes willing to take risks when it comes to cosmetic treatments. Those providing services say their job comes with additional responsibilities. Chang Young-woo is the founder of the popular Lien Jang Clinic in Seoul.
Even when patients bring photos of celebrities, our role is to recognize the limitations of treatments and prevent excessive procedures, making sure the outcome is safe and appropriate.
In the heart of Seoul, billboards promoting beauty products are everywhere. The South Korean government's promised policies to help manufacturing and boost exports. A vote of confidence in the industry and an investment to make sure its global glow-up continues to brighten.
That's Surin Janatawari reporting. And in the UK, I'm William Lee Adams with the Marketplace Morning Report from the BBC World Service. On behalf of the entire team, thanks for listening.
Hey, it's David Brancaccio, host of the Marketplace Morning Report. It has been one year since the costliest set of wildfires in California history, U.S. history, and by at least one calculation, the history of the world. 16,000 structures were destroyed, most of them homes. I can quote you figures about insured versus uninsured losses measured in billions.
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Chapter 5: What role does cooperation play in resolving disputes over Greenland?
But as people in the fire zones face year two, we go from macro to micro. I'm checking in with the neighbors on one street in Altadena, where 15 homes were destroyed on a single block. These are my own neighbors. I lost a home on that street too. Join us for on-the-ground reporting as we hear from people still dealing with insurance, getting permits, finding contractors.
One guy had to go through 30 contractors to find one with the right skills he could afford. Plus, for most, rebuilding is taking years. How do people find the money to live elsewhere? Listen to the Marketplace Morning Report using your favorite podcast app.