Lego, the iconic toymaker, is committed to phasing out fossil fuels in its plastic bricks by 2032, opting for more expensive renewable and recycled alternatives. The company faces significant challenges in transitioning to sustainable materials, encountering higher costs and a limited supply of sustainable feedstocks.
A recent survey reveals that British shoppers are frustrated with supermarket packaging, particularly ‘easy peel’ corners that are impossible to open and excessive plastic wrapping. The study also highlights concerns about recycling and the impact of packaging on the environment.
Apple is reportedly planning to release a new Apple Watch SE with a plastic casing, marking a departure from its traditional metallic designs. This move is driven by cost reduction, aiming for a $200 price point and targeting a younger audience, particularly in light of school phone bans. While plastic has been associated with a cheaper image, Apple’s focus on affordability and the smartwatch’s rich ecosystem could make the plastic Apple Watch SE a success.
Japan’s Nikkei 225 index ended higher on Tuesday due to gains in mining, chemical, petroleum, plastic, and warehousing sectors. Osaka Gas, NTT Data, and Tokyo Gas were the notable gainers, while Toho, Kansai Electric Power, and Denso recorded losses. Overall, advancing stocks outnumbered falling ones on the Tokyo Stock Exchange, and the Nikkei Volatility index reached a 52-week high. In commodities markets, crude oil and Brent oil prices edged higher, while gold futures declined.
