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The Latest Breaking News from BAT

King Charles III: A radical environmentalist or mainstream ecologist?

King Charles III was mocked back in the 1970s as an eccentric for championing organic farming, but will demonstrate his continuing commitment at his coronation which will be steeped in symbols of nature and the environment. But will he be able to hold on to his beliefs as king, given…

France 24

British American Tobacco fined for North Korea sanctions breaches

The world’s second-largest tobacco company has agreed to pay $635m (£510m) in fines plus interest after a subsidiary admitted violating sanctions by selling cigarettes to North Korea.

The Week

British American Tobacco fined $635 million for violating sanctions on North Korea

British American Tobacco (BAT) has been fined $635 million for breaching sanctions on North Korea. The British multinational, a leader in the sale of tobacco products, will pay the record sum to US authorities. BAT's Singapore subsidiary admitted to selling cigarettes to North Korea over a decade between 2007 and…

France 24

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A tobacco giant will pay $629 million for violating U.S. sanctions against North Korea

British American Tobacco, one of the largest tobacco companies in the world, agreed to settle allegations that it did illegal business with Pyongyang in violation of U.S. sanctions.

WEKU

Tobacco company settles with US over business in North Korea

The Justice Department says a British tobacco company has agreed to a $629 million settlement to resolve allegations that it did illegal business with North Korea in violation of U.S. sanctions

The Independent UK

Tobacco firm's report to trading standards officers sparks 'vape war'

British American Tobacco reported China's Elfbar, alleging that they had sold vapes with more nicotine liquid than is permitted, with anti-smoking groups accusing BAT of starting a 'vape war'

Daily Mirror

Tobacco-linked organisations and executives fail to declare interests to TGA vaping inquiry

Known links to tobacco multinationals and vaping lobby groups omitted in submissions to federal government consultation on reform

The Guardian - AU

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Pro-tobacco lobbyists circle Australian government’s proposed vaping reforms

As the TGA considers at least 4,000 submissions, tobacco companies appear to be heightening lobbying efforts

The Guardian - AU

UK ambassador to Yemen took part in opening of Jordanian cigarette factory

Michael Aron praised facility part-owned by British American Tobacco at ribbon-cutting event in 2019

The Guardian - UK

Power cuts: South Africa's state of disaster is being contested in court - COVID rulings give clues as to the outcome

South Africa has declared a second national state of disaster in less than three years.

The Conversation

If UK wages are going down, why aren’t rent, food and energy prices coming down too?

Many British companies make their profits outside the UK or provide services so essential they know the government will step in to cover consumer bills, says economic geography professor Brett Christophers

The Guardian - UK

BAT vaping division set to turn a profit a year ahead of schedule

The division is now expected to be profitable by 2024, but shares declined in early trading

Evening Standard

‘Serious questions’ as pension funds invest millions in firms operating in Russia

SCOTLAND’S largest council pension funds have around £230 million invested in Western companies continuing to operate in Russia almost a year…

The National (Scotland)

Classic Mercedes-Benz Motorhome Once Carried A Swiss Hockey Team

The Mercedes-Benz O321H was introduced in the '50s and produced for a decade.

Motor1

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Daily Mirror

McLaren unveil new livery design from Lebanese artist for Abu Dhabi GP finale

Following on from their change of livery in Abu Dhabi last season, McLaren's Driven by Change initiative returns again this weekend with a brand new design for the MCL36

Evening Standard

Vaping helps British American Tobacco reach over 20 million cigarette-free customers

Revenues from vaping rise nearly 50% to £590 million within overall first-half sales of almost £13 billion

Bangkok Post

Business Losses From Russia Top $59 Billion as Sanctions Hit

Global companies have racked up more than $59 billion in losses from their Russian operations, with more financial pain to come as sanctions hit the economy and sales and shutdowns continue, according to a review of public statements and securities filings.

360info

Don't be fooled by Big Tobacco's sustainability awards

Tobacco companies want you to know they are great corporate citizens. But it’s all a fig leaf for their environmental offences.

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Bangkok Post

Victoria's Secret to pay B285m settlement to laid-off Thai workers

Thai workers who were sacked last year from a factory supplying global lingerie brands including Victoria's Secret will receive 285.2 million baht, in what labour activists say is the biggest settlement of its kind in the global garment industry.

Bangkok Post

Net lift: art and badminton combine to help ex-prisoners

The Thailand Institute of Justice (TIJ) has teamed up with the Badminton Association of Thailand (BAT) to organise an art exhibition aimed at supporting ex-prisoners in their return to society.

Reuters

Special Report: Sanctioned weapons mogul who supplied Russia’s troops has ties to Philip Morris

A longtime Russian business associate of American tobacco giant Philip Morris International Inc - a billionaire whose holdings have included a major stake in a weapons plant supplying Russia’s military - has been sanctioned in Europe for aiding Russia’s invasion of Ukraine, according to a Reuters review of business registries…

Benzinga

Why Organigram Shares Are Trading Higher Today? Posts Record High Net Revenue In Q2, Still Among Top Canadian LPs

Organigram Holdings Inc. (NASDAQ: OGI) (TSX: OGI), the parent company of the cannabis company Organigram Inc, announced its results for the second quarter ended February 28, 2022.

Benzinga

Philip Morris, British American Tobacco At Loggerheads As Industry Evolves

Philip Morris International Inc (NYSE:PM) and British American Tobacco PLC (NYSE:BTI) migrated from simple cigarettes to high-tech, rechargeable gadgets as heated tobacco, vapes, and nicotine pouches gained traction, Bloomberg reports. Tobacco companies that once competed for the best marketing executives are now chasing the top patent lawyers to win disputes following an explosion of…

The Guardian - UK

British American Tobacco halts Russia sales after U-turn

Owner of brands including Rothmans had said it would still sell products – but will now pull out

The Guardian - UK

UK economy rebounds; Evraz directors resign after Abramovich sanctioned; BAT quits Russia – as it happened

Rolling coverage of the latest economic and financial news

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People

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