THE health properties of tea have long been advertised. “It maketh the body active and lusty” a 1660 promotion suggested. However, before you dunk your teabag into a mug of steaming water, spare a thought for the environment. Some have polypropylene to help to seal them and it doesn’t decompose.
The debate has become especially heated since a Christmas advert by Iceland – which dramatises the link between palm oil, deforestation and the death of orangutans - was banned from being broadcast in the UK.
Unilever agreed to buy a South Korean cosmetics maker for €2.27bn to gain a stronger foothold in the world’s fourth-largest skincare market, betting that the pop-culture-fuelled appeal of the country’s beauty products will outweigh concerns over regional tensions.
Nestlé warned sales growth this year will be the weakest in at least two decades, giving activist investor Dan Loeb ammunition for his campaign to overhaul the world’s largest food firm, while Danone kept its 2017 goals despite a sales slowdown in the second quarter.
As Bill Gates and Jeff Bezos jockey for the designation of world’s wealthiest man, the Seattle billionaires are united behind at least one local venture. They’re both investors in a trucking logistics startup that competes with Uber.