Alison Meadows has a PHD in Economic Trends in Modern Times and is a known writer who focuses on hedge fund investments. Meadows, her husband, and three kids live in Boston, where she grew up and attended college. Contact Alison at alison[at]businessdistrict.com
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Everyone is familiar with the content feeling of walking through smooth, silky sand at the beach only to be suddenly irked by stepping on something hard and painful. While it may sometimes be a seashell, often we stomp on all sorts of litter, frequently bottle caps.
As part of Coca-Cola’s “World Without Waste” initiative, the company’s UK branch has begun manufacturing new models of its plastic bottles. The new design features an attached cap, making it easier to recycle the whole piece and eliminate tossing the caps. The global initiative’s main mission is to collect and recycle one can or bottle for every one that they sell by 2030. It also aims to produce cans and bottles made of 50% recyclable material by 2030 and to offer 100% recyclable packaging by 2025.
Jon Woods, Coca-Cola Great Britain’s general manager, explained the new bottle design: “This is a small change that we hope will have a big impact, ensuring that when consumers recycle our bottles, no cap gets left behind.”
In addition to the pollution problem the loose caps pose, it is also an image concern for companies like Coke. The population notices the shorelines and landfills overflowing with these items, associating the trash with the company and negatively impacting their brand’s reputation. New regulations by the EU also require companies to attach the caps to some plastic bottles by the end of 2024.
While some environmentalists believe Coca-Cola should switch from plastic to reusable containers, the shift the UK spur is making in its bottle design is surely a step in the right direction.
In an effort to increase awareness about climate change, scientists in Australia are busy experimenting with printed solar panels. The team from the University of Newcastle is getting the newly invented panels ready for a 15,100-km (9,400-mile) trip in a Tesla electric car which will begin in September.
Charge Around Australia is a project that plans to power a Tesla vehicle using 18 of these special solar panels. With each plastic panel measuring 18 meters (59 feet) long, they are meant to be rolled out on the ground to absorb sunlight in order to charge. Created from laminated PET plastic, the printed solar is lightweight and costs less than $10 per square meter.
According to Paul Dastoor, the developer of the panels and coordinator of the project, the plan is twofold: the first purpose is to check the durability of the plastic panels and the second is to test the possibility of using the panels for other purposes in the future. He explained, “This is actually an ideal test bed to give us information about how we would go about using and powering technology in other remote locations, for example, in space.”
The 84-day journey is sure to raise interest in the effects of climate change. The team’s findings will have significant impact in the use of sustainable energy and solutions for the security of our planet.
Despite the fact that hundreds of millions of Pfizer-manufactured mRNA vaccines have been injected into people’s arms, until today the shot’s widespread consumption has been only under an “Emergency Use Authorization.” Today the US Food and Drug Administration has decided it can throw its full weight of approval behind the vaccine, opening the way for organizations, governments, and other large entities to mandate vaccination for staff and others.
It is expected that the certification, which has been in process since the vaccine entered the world stage in December 2020, will increase confidence in the treatment, helping overcome the last traces of vaccine hesitation which has led in part to the current surge in COVID-19 around the world, due to the spread of the Delta variant.
The US defense establishment announced that it will in all likelihood make vaccination mandatory for all members of the armed services. Universities have also said that they will require students and staff to be vaccinated if they want to attend in-person learning, among them the University of Minnesota and major public universities in Louisiana.
The FDA said it was able to upgrade the approval rating based on the large amount of hard evidence proving that serious side-effects are highly unusual, and the benefit of the vaccine vastly outweigh any risk presented by its administration.
President Joe Biden said, addressing those who have been wary of the vaccine because it was only being given under the emergency use authorization, that now that the vaccine has received the “gold standard” approval, “the moment you’ve been waiting for is here!”
After considering several buyers for its US chocolate business, food giant Nestle picked the Italian luxury chocolate brand, Ferrero in a deal worth about $2.5 billion. Last week it was reported that Ferrero had outbid its rival Hershey for the prize.
The deal makes Ferrero the third largest chocolate company in the US, after Mars, Inc. and Hershey. Before the buyout, Ferrero was the fifth largest confectioner, but only controlled 3% of the market. The Hershey group had 31.5% of the industry and Mars with 27.1%.
Ferrero also makes Ferrero Rocher pralines and Kinder chocolate eggs. It was founded in 1946, in the small Italian town of Alba, in Piedmont, by the grandfather of the present CEO, Giovanni Ferrero.
In 2011, after the death of his brother, Giovanni became the sole CEO of the company. Until that point the business grew solely through internal growth. After that the company started growing through acquisitions of other companies.
US finance officials attending the G20 summit in Baden-Baden, Germany, refrained from signing a document committing the US to free trade as a policy. The refusal is a 180-degree departure from a decade-old policy of supporting free trade. The non-move stymied the chance of any deal from being forged. US intervention also led to any cooperative actions from taking place to stem the tide of climate change.
The talks between the world’s 20 most important world powers, known as the G20, ended with no joint position statement that would have definitively renewed the country’s long-standing promise to develop and nurture free trade among the nations.
US Treasury Secretary Steve Mnuchin led the US delegation and its push-back against free trade. As a result, the G20 finance ministers’ statement reneged on past commitments made by the body, including an unequivocal rejection of protectionism and a strident backing of free trade.
The statement the ministers did issue was a mildly worded, non-committal statement that said that the G20 countries “are working to strengthen the contribution of trade to their economies.”
Also conspicuously missing were the usual commitments to multilateral trade systems, like the World Trade Organization (WTO).
The summit and the G20 are both an informal forum and a non-binding body of nations. Statements do not obligate any of the countries to any particular policy or practice. However, the discussions between the G20 nations and the statements they publish do have and impact on economic and financial policy in the year to come.