Food and Beverage
Tobacco
Starting in August, Juul will introduce 3 percent nicotine pods for its mint and Virginia tobacco flavors.
CAIRO— Egypt hiked the prices of cigarettes on Thursday, the latest measure amid reforms designed to overhaul the country's troubled economy still reeling from a costly 2011 uprising. Mohamed Haroun, Eastern Tobacco Company chairman, said his company will impose an increase of 1.5- 3 Egyptian pounds, or about 8- 17 cents, per pack of smokes. Egypt recently...
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It's no secret that Juul has dominated the e-cigarette market over the past year, but just how much it has dominated is eye-popping.
June 29- E-cigarette maker Juul Labs Inc is raising $1.2 billion in a financing round that would value the company at $15 billion, Bloomberg reported on Friday, citing people familiar with the matter. The San Francisco- based company plans to use the proceeds to expand outside the United States, according...
GENEVA, June 28- Australia triumphed on Thursday in a major trade dispute over its pioneering "plain" tobacco packaging law, with World Trade Organization judges rejecting a complaint brought by Cuba, Indonesia, Honduras and Dominican Republic. It also rejected the argument that Australia had unjustifiably infringed tobacco trademarks and violated...
GENEVA, June 28- Australia triumphed on Thursday in a major trade dispute over its pioneering "plain" tobacco packaging law, with World Trade Organization judges rejecting a complaint brought by Cuba, Indonesia, Honduras and Dominican Republic. The WTO panel said Australia's law improved public health by reducing the use of tobacco products, rebuffing claims...
GENEVA, June 28- Australia triumphed on Thursday in a major trade dispute over its pioneering "plain" tobacco packaging law with World Trade Organization judges rejecting arguments brought by Cuba, Indonesia, Honduras and Dominican Republic. The ruling, which is expected to be appealed, also rejected the complainants' argument that Australia's law...
GENEVA, June 28- Australia won a clear victory on Thursday in a major trade dispute over its pioneering tobacco packaging law, with a panel of judges at the World Trade Organization rejecting arguments brought by Cuba, Indonesia, Honduras and Dominican Republic. In its ruling, the WTO panel said Australia's "plain packaging" law contributed to improving public...
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WTO DISPUTE RULING SAYS AUSTRALIA'S PLAIN PACKAGING LAW CONTRIBUTES TO IMPROVING PUBLIC HEALTH BY REDUCING USE OF AND EXPOSURE TO TOBACCO PRODUCTS.
GENEVA, June 28- Ultra-plain packaging for tobacco products might become the norm worldwide if a World Trade Organization panel rules in favour of Australia on Thursday in what is seen as a test case for public health legislation globally. The WTO said the adjudication panel's ruling in the dispute over Australia's "plain packaging" rules, brought in 2012-2013...
Starting Monday, tobacco companies will have statements on their websites that warn American consumers about the health risks of their products.
NEW YORK, June 15- California will sell $1.7 billion of tobacco bonds on Wednesday, providing the supply-hungry municipal debt market with one of its high-yield staples and topping next week's roster of deals. The Golden State Tobacco Securitization Corporation, a special-purpose trust established to securitize proceeds from California's share of a...
PARIS, June 14- France will force tobacco companies to help end the scourge of cigarette butts that litter streets and contaminate water, unless they take voluntary action in the next three months, a government minister said on Thursday. The city of Paris picks up 350 tonnes of cigarette butts every year despite wall-mounted ashtrays and the threat of a 68 euro...
*Philip Morris wants to launch iQOS device in India: sources. *India market could be rewarding for iQOS: tobacco analyst. NEW DELHI, June 7- Philip Morris International Inc is planning to launch its iQOS smoking device in India, four sources familiar with the matter told Reuters, as the tobacco giant seeks a foothold in a country with the world's second-biggest...
The results could spark momentum for other cities to pursue similar legislation.
Tobacco giant R.J. Reynolds, which markets best-selling menthol brand Newport, has poured nearly $12 million into opposing the measure.
*Japan accounts for over 90 pct of "heat not burn" market. TOKYO, May 31- Japan Tobacco Inc is set to slash prices on its heated tobacco products early next week after a similar move by bigger rival Philip Morris International Inc, signaling increased competition in Japan's nascent market for alternative cigarettes. Japan, where regular e-cigarettes with...
BEIJING, May 31- Earlier this year, the city of Hangzhou, home to the internet giant Alibaba, was poised to join Beijing, Shanghai and a handful of other urban areas in banning smoking in public places, part of a long-running campaign against tobacco use in China. But, like the country's broader anti-smoking campaign, the Hangzhou initiative then lost momentum.
ISLAMABAD/ NEW DELHI, May 29- Philip Morris International Inc and British American Tobacco Plc lobbied Pakistan's government to not implement bigger health warnings on cigarette packs, in what officials say was part of an industry-wide campaign that successfully persuaded Islamabad to water down a proposal designed to save lives. In Pakistan, where the...
AMSTERDAM, May 17- Dutch insurer NN Group will no longer invest in the tobacco industry and said on Thursday it aims to divest all tobacco-related holdings on its own accounts and in the funds of its asset manager within a year. "Tobacco no longer fits with our responsible investment approach", NN Chief Investment Officer Jelle van der Giessen said.
