Will the focus on Greenland attract international investors?
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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.
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. Now, you may know of the global obsession around Korean skincare and makeup known as K-beauty. South Korea has surpassed the U.S. to become the world's second largest cosmetics exporter after France. The BBC's Suranjana Tiwari has been looking into the industry.
Search for Korean skincare on any social media platform and you'll find tens of thousands of videos, posts and reviews.
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.
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Chapters
5 chapters
1
What recent discussions have taken place regarding Greenland's future?
0:01–0:57
2
How are investors viewing the mineral resources in Greenland?
0:57–3:40
3
What is the significance of the current geopolitical interest in Greenland?
3:40–4:44
4
How has the focus on Greenland changed since 2017?
4:44–7:12
5
What role does cooperation play in resolving disputes over Greenland?
7:12–7:49