US Launches New Iran Strikes as Strait of Hormuz Conflict Escalates, Oil Prices Rise 
Telenor to Buy Controlling Stake in Bahnhof in $630 Million Broadband Deal 
Bernstein Names IAG, Ryanair as Top European Airline Stocks Ahead of Earnings 
Venezuela Earthquake Death Toll Climbs to 3,811 as Government Seeks Sanctions Relief 
Oil and LNG Tankers Turn Back as Strait of Hormuz Security Risks Escalate 
Zhipu AI Raises HK$31.37 Billion in Discounted Share Sale to Accelerate AI Growth 
SK Hynix’s $28B U.S. IPO Draws Strong Demand as AI Chip Boom Fuels Investor Interest 
Sino Biopharm Stock Rises After AstraZeneca Licensing Deal, GSK Partnership Expansion 
Wolfspeed Sues Navitas Over GaN and SiC Patent Infringement 
Iran Targets U.S. Bases in Bahrain, Kuwait as Hormuz Conflict Escalates and Oil Prices Jump 
AstraZeneca Shares Sink After Wainua Trial Misses Key Heart Disease Goal 
Nvidia Invests $500M in Firmus Technologies Ahead of Planned ASX IPO 
Fast Retailing Raises Full-Year Forecast After Uniqlo Owner Beats Q3 Profit Estimates 
Mizuho’s Top U.S. Industrials Stocks: Why Corteva and Stanley Black & Decker Stand Out 
Chinese Chip Stocks Jump as Apple Reportedly Tests CXMT Memory Chips for China Devices 
BHP Faces Port Hedland Strike Threat as Iron Ore Export Risks Grow 
Gold Price Climbs Over 1% as Dollar Weakens, Fed Rate Debate and Iran Tensions Remain in Focus 
Starbucks Korea is aiming to get rid of single-use cups by the year 2025. The world-famous coffee chain is set to discontinue those disposable cups in its cafes as part of its “Better Together” project for long-term sustainability.
As per The Korea Herald, Starbucks Korea will start rolling out reusable cups to replace the disposable ones. These will be available in all of the company’s cafe stores across S. Korea. In the next four years, the coffee chain is expecting to have completely shifted to reusable cups for its beverage offerings.
When are the new cups coming in stores?
It was reported that eco-friendly cups would start appearing in the second half of this year. Initially, few selected shops will have them, and the good news is that the reusable cups will come with a deposit, but this fee will be given back to customers when they return the cup to the store.
As part of the sustainability project, Starbucks Korea will also add oat milk in stores, and they will be the substitute for dairy requirements in the beverages. The oat milk will be introduced this year, and more new items are coming in the company’s efforts to use more plant-based products in its food and drink options.
Starbuck’s strives to realize its sustainability plan
In any case, Starbucks Korea vowed to lessen its carbon emission by 30% under its sustainability plan. The company also promised to adopt more eco-friendly methods in its stores and distribution systems as well as hire more workers to help decrease unemployment rates.
“We’ll be working closely with our partners, customers, government agencies, NGOs and affiliates in achieving our midterm, long-term goals and making a positive change to the environment and local communities,” Starbuck’s Korea chief executive officer, Song Ho Seob, said in a statement.
CNBC News reported that the company’s decision to shift to reusable cups would contribute to the efforts in lowering the global landfill waste. It was said that Starbucks is now committed to cutting down its more or less 7 billion disposable cups that it uses every year.
Meanwhile, Starbucks shares increased by 1.9% in morning trading, and the company’s stock soared to 64% over the last year. This figure gives the company a market value of $131 billion.
