Business

Juul Will Stop Selling Most E-Cigarette Flavors in Stores and Halt Social Media Promotions

[ad_1] On Tuesday, CNBC reported that Fontem Ventures, a unit of Imperial Tobacco Group, would raise the minimum age to buy pods on its website to 21. The company sells blu e-cigarettes, which come in various fruity flavors.Since it came on the market in 2015, Juul has become catnip to teenagers, who had been drilled since preschool days on the perils of cigarette smoking. The name itself sounded like a
Business

Pound surges on hopes of Brexit breakthrough

[ad_1] Image copyright Getty Images The pound has surged against the dollar and the euro amid growing optimism a Brexit deal is close to being agreed. Sterling leapt 1.4% to trade at $1.3036 against the dollar in afternoon trade, whilst against the euro it jumped to a seven-month high of €1.1542. The move came after a significant breakthrough in talks between UK and EU officials with the draft text of
Business

Brexit: Can firms stop stocks running low?

[ad_1] Image copyright Thinkstock Stockpiling is moving up the agenda as Brexit approaches. Concerns about shortages of food, medicines, car parts and much else as the UK adjusts to life outside the EU are growing. Premier Foods, the company behind Bisto and Mr Kipling, is the latest firm to say it will build stocks of raw materials. It sounds simple. But in an era of cross-border supply chains, it isn't.
Business

Wall Street Rises on Trade Hope, Apple Limits Tech Recovery

[ad_1] (Reuters) - U.S. stocks rose on Tuesday as technology stocks bounced back after a steep selloff in the previous session and hopes of progress in the U.S.-China trade talks boosted industrials, even though a decline in Apple Inc curbed gains.The S&P technology index rose 0.6 percent following three days of losses, but shares of Apple edged 1.3 percent lower, entering its fourth day in the red.Also helping the markets
Business

As Art Collections Grow, So Do the Places That Stash Them

[ad_1] “As collectors get older and start to downsize, storage is an obvious solution,” said Sique Spence, director of New York’s Nancy Hoffman Gallery.Thomas Burns, chief operations officer of the Fortress, an art storage company with facilities in Boston, Miami and New York, said more foreign nationals were becoming clients. Some of them, he added, may be parking “movable assets, such as art, in U.S. storage facilities” when there is
Business

CNN Sues Trump Administration for Barring Jim Acosta From White House

[ad_1] CNN sued the Trump administration on Tuesday in an effort to reinstate the press credentials of its chief White House correspondent, Jim Acosta, escalating a dispute that has highlighted the increasingly tense dynamic between President Trump and the news media.In a lawsuit filed in Federal District Court, the network argued that the removal of Mr. Acosta’s White House press pass constituted a violation of his First Amendment rights to
Business

India rupee latest: India retail inflation rate DROPS as rupee stabilises against USD | City & Business | Finance

[ad_1] The Indian currency has felt the brunt of a turbulent year, losing around 14 percent of its value against the US dollar off the back of soaring US interest rates and rising oil prices. It reached an all-time high of 74 against the American greenback last month, but this week the currency has been floating around the 72-mark as the rupee desperately tries to claw back some ground. As
Business

Amazon Announces New York and Virginia as HQ2 Picks

[ad_1] SEATTLE — Amazon laid out its plans for two of the biggest economic development projects in the country on Tuesday, announcing that it will put major corporate outposts in New York City and Arlington, Va.The two locations, in Long Island City in Queens and Crystal City in Arlington, just outside of Washington, will eventually house at least 25,000 employees each, the company said in a statement. It also said
Business

Eurozone CRISIS: Euro area growth forecast to SLOW as global economies ‘in BLEAK outlook’ | City & Business | Finance

[ad_1] Growth is also predicted to be “moderate” in the UK, while the IMF claims economic conditions worldwide have been stunted by political tensions, trade wars, oil prices and tighter financial conditions.The IMF said in its latest Regional Economic Outlook report for Middle East and Central Asia: “Real GDP in the Euro area will slow to 1.9 percent in 2019, compared to 2.9 percent in 2018.“Growth will also moderate in
Business

Who Has the Copyright Over My Cheese?

[ad_1] A Dutch cheese company tried to claim that it had a monopoly on the taste of a cheese spread. The Court of Justice of the European Union weighed arguments from two competing food producers, and decided on Tuesday that a taste cannot be copyrighted. Taste is “an idea,” rather than an “expression of an original intellectual creation,” the court ruled. And something that cannot be defined precisely cannot be