The idea that US interest rates will stay higher for longer is probably wrong 
Whirlpool’s Stale Demand Led to 1,000 Job Cuts in the US 
Family farms are fast disappearing: our research shows how young generations can take them up successfully 
Mercedes Launches 2025 G-Class Electric with Four Motors and Revolutionary Tank Turns 
Boeing Experiences Quarterly Revenue Drop Amid Production Challenges, Beat Expectations 
Toyota Teams with Tencent, Nissan Joins Forces with Baidu in China AI Drive 
Tesla Cybertruck Hits 1,000-Unit Weekly Production Amid Q1 Financial Shortfalls 
Digital trade protocol for Africa: why it matters, what’s in it and what’s still missing 
‘They don’t have enough’ – schools in England are running food banks for families 
Why is the London Stock Exchange losing out to the US 
Extraordinary Vietnam fraud case exposes the inherent vulnerabilities of banks 
Tesla Nears FSD Licensing Deal with Major Automaker, Hits 1.3 Billion Milestone 
IBM Acquires HashiCorp, Giving Its Hybrid-Cloud Business a Boost 
How India’s economy has fared under ten years of Narendra Modi 
Ferrari F1 Announces Multi-Year Partnership with HP as Title Sponsor 
Starbucks Korea will now allow its customers to return the Summer Carry Bag it previously gave away due to the reports it contains formaldehyde, a carcinogenic and highly toxic organic compound.
On Monday, Starbucks Korea announced that customers who would like to return the controversial bag may do so. The coffee chain will also treat those who will return the merchandise with three free drinks. The coupons for the freebie will be given after the item is given back.
As per The Korea Times, while the Korean unit of the coffee chain decided to compensate the customers for the giveaway bags with free beverages, it is not yet confirmed if the Summer Carry Bags really contain toxic materials. It was noted that amid the testing, it is still too early to say if the formaldehyde chemical is really present in the items.
"We apologize for causing concerns to our customers over this incident," an official of Starbucks Korea said in a statement. "We are still checking with our supplier concerning the allegation that formaldehyde was detected in our Summer Carry Bag item.
The official further stated, “Separately, we are also conducting our own inspection through an accredited outside agency. The result will likely come out in a week or so but right now, no violation has been found of the current law, though we are still looking into a specific cause that alerted us to the issue."
The issue arose after a customer who claimed to be working for the local research firm, FITI Testing & Research Institute, said on July 22 that carcinogen material was found in Starbucks Summer Carry Bag. The person said this was detected during a test, and the result was posted anonymously on the Blind social media platform.
The research company subsequently issued a statement regarding the anonymous post and said that the claim is not an official statement coming from the FITI Testing & Research Institute, which specializes in comprehensive testing of textile fashion, biology units, and consumer goods.
The Starbucks Summer Carry Bag was given as a freebie for purchases of 17 Starbucks beverages between May and July 11. Finally, Korea Joongang Daily reported that SCK Company, which operates Starbucks Korea, revealed it is in talks with the firm that supplied the bags to them to determine if formaldehyde was applied to make the bags.
