THE WHAT? South Korea’s cosmetics exports reached a record US$3.1 billion in the first quarter, marking the highest quarterly total on record.
THE DETAILS Exports rose 19% year-on-year, driven by strong growth in key markets such as the U.S. and Japan, which helped offset a decline in China. The U.S. became the largest export market, with shipments increasing 40.9% to US$620...
BERLIN — German customs officers arrested five men Monday for allegedly violating European Union embargoes on Russia by exporting industrial goods to Russian arms manufacturers.
The defendants arranged for around 16,000 deliveries to Russia, according to the ongoing investigation, with illegal transactions amounting to at least €30 million, the office of Germany’s Federal...
THE WHAT? The French Federation of Beauty Companies (FEBEA) has called on French and European authorities to negotiate the removal of US tariffs on European cosmetics exports following the approval of the Turnberry Agreement, which introduces a 15% tariff rate on products entering the US market.
THE DETAILS The agreement, concluded between the European Union and the United States and...
Hungary will halt diesel exports to Ukraine until Kyiv restores Russian oil flows through the Druzhba pipeline, Prime Minister Viktor Orbán announced after a cabinet meeting on Wednesday, February 18th. The move, which has sent ripples through Central Europe’s energy sector, comes as Hungary, as a result of the disruption of oil through the pipeline, a critical artery for...
THE WHAT? South Korea’s cosmetics exports reached a record US$11.4 billion in 2025, surpassing the United States to become the world’s second-largest cosmetics exporter behind France.
THE DETAILS According to the Ministry of Food and Drug Safety, Korean cosmetics exports rose 11.8% year-on-year, while the sector’s trade surplus exceeded US$10 billion for the first...
KYIV — President Volodymyr Zelenskyy announced Tuesday Ukraine will officially allow the export of surplus, domestically made weapons during wartime.
“We have approved all the details at the level of our state institutions. Currently, our security expertise and weapons, which have been tested in modern warfare, are of interest to all partners capable of ensuring a real level of...