Latest news with #EmmaRumney
The Star
3 days ago
- Health
- The Star
Global crises disrupt effort to get millions to quit smoking, report says
FILE PHOTO: A man holds a cigarette in his hands in London, Britain April 11, 2023. REUTERS/Maja Smiejkowska/File Photo (Refiles to adjust headline, no changes to text) LONDON (Reuters) -The COVID-19 pandemic, climate change and wars have combined to hamper global governments' plans to reduce tobacco use, derailing efforts to get an estimated 95 million people to stop smoking, a report endorsed by 57 campaign groups said on Friday. Governments had planned to reduce smoking rates among people over 15 by 30% between 2010 and 2025 as part of an action plan tied to global sustainable development targets agreed in 2015. But the timeline to achieve the goal was extended an extra five years in 2024 as other priorities pushed countries to divert resources away from implementing a World Health Organization treaty on tobacco control signed by 168 countries. "This ... delay represents an estimated 95 million additional tobacco users, who would otherwise have quit by 2025," said the report, submitted to the U.N. Economic and Social Council, which oversees global sustainable development. While governments have succeeded in reducing the number of smokers, the failure to hit the 30% reduction target means that 1,207,800,000 people are still smoking globally, instead of the target of 1,112,400,000, based on a Reuters calculation using smoking rates and population figures provided in the report. Published by Action on Smoking and Health Canada and endorsed by the Campaign for Tobacco Free Kids, Cancer Research UK and others, the report warned the delays could result in millions of additional deaths from tobacco use if sustained. The U.N. has already acknowledged that funding shortfalls, geopolitical tensions and pandemic-linked disruptions have pushed the world off track on most of the 17 wide-ranging sustainable development goals. Those goals aim, among other things, to reduce poverty and hunger and increase access to healthcare and education. The groups that endorsed ASH Canada's report urged governments to redouble their efforts on tobacco control policies such as tax increases and smoking bans. (Reporting by Emma Rumney; Editing by Joe Bavier)
Yahoo
6 days ago
- Business
- Yahoo
Japan Tobacco may consider US manufacturing of Ploom devices, executive says
By Emma Rumney LONDON (Reuters) -Japan Tobacco International is open to producing its Ploom heated tobacco device in the United States, an executive told Reuters on Tuesday, as the Trump administration's tariff policies prompt some companies to rethink their supply chains. JTI, a subsidiary of Japan Tobacco which makes Benson & Hedges and Winston cigarettes, plans to launch its Ploom X heated tobacco device in the United States under a joint venture with Marlboro maker Altria. Heated tobacco devices heat up sticks of ground tobacco without burning them in an attempt to avoid the harmful chemicals produced via combustion. Currently, the companies only plan to manufacture the Ploom X tobacco sticks in the United States. The devices themselves are mostly manufactured in Indonesia, with components coming from elsewhere, JTI's executive vice president for reduced-risk products, Takehiko Tsutsui, told Reuters in an online interview. "There might be a possibility to think about assembling in the U.S," he said, after announcing the Japanese launch of a new iteration of Ploom, dubbed Ploom Aura. However, such a shift could only be considered once Ploom had meaningful sales in the United States and until then, it may make more sense to look at other locations, he said. U.S. President Donald Trump's threatened 32% tariff on Indonesian imports is currently on pause. Washington hopes its sweeping tariff regime will see manufacturing facilities and jobs return to the United States. JTI and Altria need authorisation from the U.S. Food and Drug Administration in order to sell Ploom in the United States - a process that can take years. Tsutsui said the companies are set to submit their FDA application for Ploom X around the middle of this year. JTI also sells its Logic e-cigarette brand in the United States. The devices it sells are produced in China, Tsutsui said, currently subject to a 30% tariff. U.S. sales of Logic are relatively small, so the impact of tariffs affecting the brand is "very marginal", he continued. He declined to discuss mitigation actions the company might take for competitive reasons. Sign in to access your portfolio
Yahoo
6 days ago
- Business
- Yahoo
Japan Tobacco may consider US manufacturing of Ploom devices, executive says
By Emma Rumney LONDON (Reuters) -Japan Tobacco International is open to producing its Ploom heated tobacco device in the United States, an executive told Reuters on Tuesday, as the Trump administration's tariff policies prompt some companies to rethink their supply chains. JTI, a subsidiary of Japan Tobacco which makes Benson & Hedges and Winston cigarettes, plans to launch its Ploom X heated tobacco device in the United States under a joint venture with Marlboro maker Altria. Heated tobacco devices heat up sticks of ground tobacco without burning them in an attempt to avoid the harmful chemicals produced via combustion. Currently, the companies only plan to manufacture the Ploom X tobacco sticks in the United States. The devices themselves are mostly manufactured in Indonesia, with components coming from elsewhere, JTI's executive vice president for reduced-risk products, Takehiko Tsutsui, told Reuters in an online interview. "There might be a possibility to think about assembling in the U.S," he said, after announcing the Japanese launch of a new iteration of Ploom, dubbed Ploom Aura. However, such a shift could only be considered once Ploom had meaningful sales in the United States and until then, it may make more sense to look at other locations, he said. U.S. President Donald Trump's threatened 32% tariff on Indonesian imports is currently on pause. Washington hopes its sweeping tariff regime will see manufacturing facilities and jobs return to the United States. JTI and Altria need authorisation from the U.S. Food and Drug Administration in order to sell Ploom in the United States - a process that can take years. Tsutsui said the companies are set to submit their FDA application for Ploom X around the middle of this year. JTI also sells its Logic e-cigarette brand in the United States. The devices it sells are produced in China, Tsutsui said, currently subject to a 30% tariff. U.S. sales of Logic are relatively small, so the impact of tariffs affecting the brand is "very marginal", he continued. He declined to discuss mitigation actions the company might take for competitive reasons. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
08-05-2025
- Business
- Yahoo
Brewers confident of growth despite tariffs threat to sales
By Emma Rumney LONDON (Reuters) -European beer makers remain confident about their growth potential despite U.S. tariffs posing some threat to sales and investors see the companies as a relatively safe haven in an intensifying global trade war. Brewers such as Anheuser-Busch InBev, Heineken and Carlsberg have been trying to restore margin expansion and boost volumes after a difficult few years, when surging costs led to higher prices, hurting sales volumes. Solid first-quarter earnings have bolstered hopes they can do so this year even as trade tensions rise. Brewers are relatively shielded from effects on costs, prices and consumer spending thanks to localised production and geographic spread, which should support growth, the companies and investors say. "We produce everything locally," AB InBev finance chief Fernando Tennenbaum told Reuters after the company reported a surge in first-quarter profit on Thursday. "We are not changing the outlook," he added, echoing Carlsberg CEO Jacob Aarup-Andersen in saying the brewer had not seen any change in consumer behaviour as a result of tariffs so far. He described the impact of tariffs on aluminium, which may hurt AB InBev's can costs, as currently "not relevant". Brewers are not directly under fire in the same way as other industries like pharmaceuticals, said Tom Lemaigre, portfolio manager at beer investor Janus Henderson. While they could suffer if tariffs weaken economies, brewers' share performance indicated the market saw them as relatively protected, he said, adding: "That is probably a sensible assumption to make". GEOGRAPHIC ADVANTAGES Brewers' geographical footprints also offer some protection to any impact on consumers. Lea Seanz, portfolio manager at investor Flornoy Ferri, pointed out that AB InBev makes a hefty chunk of sales in Latin America, where it enjoys high pricing power and growing consumption, while easier comparative numbers should also support brewers' performance in 2025. "All in all, I think they should be able to compensate for tariffs in the U.S.," she said. Carlsberg has the least U.S. exposure, at less than 0.1% of total volumes. Both it and Heineken are more reliant on countries in regions like Africa and Asia for growth, though the trade war nevertheless threatens local economies there too. Carlsberg, AB InBev and Heineken all maintained their full year outlooks in recent weeks. U.S.-focused rivals like Molson Coors and Constellation Brands have been harder hit. Molson Coors' shares fell 8% on Thursday when the company cut its full-year sales guidance due to tariffs. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Reuters
08-05-2025
- Business
- Reuters
Brewer AB InBev reports Q1 profits more than double forecasts
Cans of Budweiser beer are displayed on a supermarket shelf in Shanghai, China February 24, 2022. REUTERS/Aly Song/File Photo Purchase Licensing Rights , opens new tab LONDON, May 8 (Reuters) - Anheuser-Busch InBev ( , opens new tab on Thursday reported a 7.9% rise in first-quarter operating profit, well ahead of analyst estimates for 3.1% growth. The Reuters Tariff Watch newsletter is your daily guide to the latest global trade and tariff news. Sign up here. Reporting by Emma Rumney; Editing by Christian Schmollinger Our Standards: The Thomson Reuters Trust Principles. , opens new tab Share X Facebook Linkedin Email Link Purchase Licensing Rights
