IOI to cooperate with forced labor investigation
Palm oil supplier IOI has issued a statement in response to allegations concerning forced labor at its Malaysian branch. The commodity producer revealed that it was aware of a letter from US Customs and Border Protection which acknowledges receipt of a petition containing said allegations and that it has determined that there is sufficient cause to investigate.
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Yooma pulls out of China following CBD ban
Canadian wellness platform Yooma has announced that it will be discontinuing operations in China, effective immediately.
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Cargo ship carrying chemicals and cosmetics sinks off coast of Sri Lanka in marine disaster
cargo ship named MV X-Press Pearl has sunk off the west coast of Sri Lanka. Carrying 25 tonnes of nitric acid, as well as other chemicals and cosmetics, it is said to be one of the country’s worst marine disasters to date.
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India looks to Thailand as palm oil prices soar
India upped palm oil imports from Thailand in May 10 fold versus the previous month, according to a report published by S&P Global, thanks to attractive pricing in comparison to palm oil produced in Malaysia and Indonesia.
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The Ordinary tops Australia’s most popular skin care brands index
Lookfantastic has compiled a list of Australia’s most popular skin care brands. The online retailer analysed Google search data to put together a top 10 based on searches over the past 12 months.
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L’Oréal chooses Singapore as headquarters for new SAPMENA geographical zone
L’Oréal has chosen Singapore as its headquarters for the new South Asia Pacific, Middle East and North Africa (SAPMENA) zone, according to a report by Marketing Interactive.
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Screen face: Shiseido discovers impact of digital fatigue on skin
Shiseido has revealed that excessive use of digital devices can not only cause mental and physical fatigue but can also change skin conditions, such as deterioration of skin barrier function, irregularity in corneocytes and increased oxidative damage factor.
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China to usher in sweeping ban on CBD beauty
China is set to ban the use of cannabis and its extracts in beauty products, according to a report published by Jing Daily.
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BASF invests in biotech start-up Bota Bio
BASF Venture Capital has announced that it has invested in Bota Biosciences. The Chinese industrial synthetic biotech firm is developing a proprietary next-gen biotech platform which enables sustainable and economical production of high-value products for a broad array of industrial applications.
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Share prices of Thai cosmetic firms jump as cannabis market ramps up
Share prices of Thai consumer firms have jumped following the government decision to allow the use of most parts of cannabis and hemp in cosmetics and food, according to a report by Reuters.
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