• The GCC Financial Forum 2019
Finnish firms to tackle plastic pollution with renewable straws

Finnish firms to tackle plastic pollution with renewable straws

Finland’s Stora Enso, one of the world’s largest pulp and paper makers, said yesterday it had joined forces with local startup Sulapac to develop renewable and biodegradable straws to combat the global plastic waste problem. European Union lawmakers moved in October to ban widely-used, throw-away plastics such as straws and cotton buds, and put greater pressure on manufacturers to recycle in an effort to clear up ocean pollution.

The new straws, targeted to go on sale in the second quarter of 2019, are made of wood and natural binders that can be recycled via industrial composting, and they biodegrade should they end up in seawaters. “Billions of plastic straws are produced and used every week ...

This is the world’s most sustainable straw that can be produced on an industrial scale,” Sulapac founder and chief executive Suvi Haimi said in a statement. Stora Enso, known for supplying the paperboard boxes for Apple iPhones, has shifted its focus in recent years away from paper production, a declining industry in Europe due to the rise of reading in digital formats.




Palladium tops $1,500

Palladium tops $1,500

Precious metal palladium yesterday reached above $1,500 per ounce for the first time in trading thanks to supply deficit worries, according to analysts. Palladium hit $1,504.52 per ounce from $1,480.15 late on Tuesday. It later yesterd

ABG reports profit of US $129 million

ABG reports profit of US $129 million

Al Baraka Banking Group (ABG) reported increases in income, with a 4 per cent increase in net operating income, a 5pc rise in total net income, as net income attributable of shareholders remained unchanged compared to the year 2017. Th


Khloe breaks up with Tristan

Khloe breaks up with Tristan

American reality star Khloe Kardashian has called it quits with NBA player Tristan Thompson, just 10 months after the two welcomed their daughter. E! News confirmed recently that the couple has split up. This comes right around the sam

Palladium tops $1,500

Palladium tops $1,500

Precious metal palladium yesterday reached above $1,500 per ounce for the first time in trading thanks to supply deficit worries, according to analysts. Palladium hit $1,504.52 per ounce from $1,480.15 late on Tuesday. It later yesterd

ABG reports profit of US $129 million

ABG reports profit of US $129 million

Al Baraka Banking Group (ABG) reported increases in income, with a 4 per cent increase in net operating income, a 5pc rise in total net income, as net income attributable of shareholders remained unchanged compared to the year 2017. Th