Goldman Sachs Eyes Investors for Nvidia’s $500 Billion AI Financing Plan 
LG, Nvidia Expand AI Partnership With Humanoid Robots, AI Factories 
Pandora Shares Rise as Q2 Results Beat Forecasts, 2026 Outlook Raised 
European Stocks Rise as U.S. Inflation Data Eases Fed Rate Hike Fears 
Samsung, SK Hynix Shares Surge on Report of Potential Temasek Investment 
Aviva First-Half Operating Profit Jumps 24% as Direct Line Deal Boosts Growth 
Japan Government Backs Earlier BOJ Rate Hike as Inflation Pressures Build 
Bill Ackman’s Pershing Square Returns to Netflix With Major New Stake 
European Stocks Steady as U.S.-Iran War, Euro Zone Data Keep Investors Cautious 
Canada, US Hold Fresh Trade Talks as August 19 Tariff Deadline Nears 
Bernstein Picks BYD and Xiaomi as Top China EV Stocks Despite Weaker Demand 
KOSPI Rebounds 20% as Samsung, SK Hynix Lead South Korea Stock Rally 
Gold Price Holds Near $4,400 as Hormuz Risks and CPI Drive Markets 
Anthropic Eyes $6B Decart AI Acquisition Ahead of Mega IPO 
Wall Street Hits Record High as Softer Inflation Data Eases Fed Rate Hike Fears 
Google Pushes Gemini AI Overhaul as Sergey Brin Targets Model Supremacy 
Gold Prices Slip From Two-Month High as Inflation and Fed Outlook Drive Markets 
Add as a preferred source on Google
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.
