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UK parliament to debate law phasing out smoking
UK parliament to debate law phasing out smoking
Business and Economy
by  AFP

The UK parliament will on Tuesday kick off its first debate on Prime Minister Rishi Sunak's planned legislation to prevent young people from ever smoking, despite opposition from many in his own Conservative Party. "This has the potential to phase out smoking in young people almost completely as early as 2040," the government said when it unveiled the plan, calling the move "historic".

'Bad for business': Gulf states scramble to avert wider war
'Bad for business': Gulf states scramble to avert wider war
Business and Economy
by  AFP

Gulf states are grappling with the widening Middle East conflict as hostilities between Iran and Israel threaten their security and ambitious plans to reshape their economies. The Gulf countries share an "overall realisation that conflict is bad for business and avoiding conflict comes now almost at any cost", said King's College London Middle East analyst Andreas Krieg.

Equities sink, oil rallies on fears of Iran-Israel conflict
Equities sink, oil rallies on fears of Iran-Israel conflict
Business and Economy
by  AFP

Asian stocks fell and oil prices climbed Tuesday on growing fears of a wider war in the Middle East after Israel's army chief vowed a response to Iran's unprecedented attack on his country at the weekend. Oil prices rose in Asian trade, having slipped Monday on hopes for a de-escalation following US calls for Israeli Prime Minister Benjamin Netanyahu to "take the win" and forgo a counterattack.

Even as Olympic costs climb, France says they are quite cheap
Even as Olympic costs climb, France says they are quite cheap
Business and Economy
by  AFP

The final bill for the Paris Olympics is still unknown but, depending on the point of view, are likely to be expensive compared to original estimates or cheap, when set against other recent Games. Oudea-Castera also argued that compared to the other Summer Olympics this millennium, even a final total bill close to 10 billion euros would be cheap.

China posts forecast-beating growth in first quarter
China posts forecast-beating growth in first quarter
Business and Economy
by  AFP

China's economy grew far more than expected in the first quarter of 2024, data showed Tuesday, even as it is buffeted by a property-sector crisis and flagging consumer activity. It reflects "the fundamental policy shift from a focus on (the) consumer market and service sector to... industrial growth", she added.