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US plans crackdown on e-cigarette firms citing 'epidemic' teen use - Dotemirates
1 week 5 day

US plans crackdown on e-cigarette firms citing 'epidemic' teen use

The US Food and Drug Administration is considering banning the sale of flavoured e-cigarettes, citing an "epidemic" of use among teens.The proposal, announced on Wednesday, is part of a broader effort to curb teen use of the nicotine devices.FDA chief Scott Gottlieb said: "The disturbing and accelerating trajectory of use we're seeing in youth, and the resulting path to addiction, must end."The toughened approach comes after firms ignored prior concerns, he added."I've been warning the e-cigarette industry for more than a year that they needed to do much more to stem the youth trends," he said. "In my view, they...


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47 minute 42 second

Kavanaugh tells Fox in first TV interview he will fight 'false' accusations

WASHINGTON (MarketWatch) - Supreme Court nominee Brett Kavanaugh said in his first televised interview since allegations of sexual misconduct emerged that he is "not going to let false accusations drive us out of the process." Kavanaugh and his wife, Ashley, gave an interview to Fox News that will air at 7 p.m. Eastern on Monday night. In a short clip released by Fox, Kavanaugh, said he hopes for a fair Senate process on Thursday, when he and at his accuser, Christine Blasey Ford, will testify. Asked if considered withdrawing, he said: "I'm not going anywhere." Earlier Monday, Majority Leader Mitch...
47 minute 52 second

Citi fined over robo-signing in consumer bankruptcy cases

Citigroup C, -0.42% agreed to pay $5 million to settle claims over robo-signing in tens of thousands of bankruptcy cases. The Justice Department's U.S. Trustee Program said tens of thousands of proofs of claim were filed in bankruptcy cases across the country that were improperly signed by employees of a third-party vendor who had not reviewed and/or lacked knowledge of the contents of the proof of claim. There were more than 71,000 Macy's branded credit card accounts between 2012 and 2015 impacted, the Justice Department said. Have breaking news sent to your inbox. Subscribe to MarketWatch's free Bulletin emails. Sign...
50 minute 58 second

Equities slide as US and China trade blows

London: Global stocks slid on Monday as US tariffs on an additional $200 billion of Chinese imports took effect, clouding the global economic outlook as a trade war between the world’s top economies cranked up another notch.Beijing, whose retaliatory tariffs on $60 billion in American goods are set to kick in, initially hit back by accusing Washington of “economic intimidation”.Hopes for talks to resolve the long-running spat appeared to have been dashed as Beijing reportedly cancelled the visit of a negotiating team that had been expected to travel to Washington later this week.“Trade war concerns remain front and centre for...

52 minute 8 second

UAE-based Al Dahra invests $500m in Romania

ABU DHABI: Al Dahra has announced that following its recent acquisition of Agricost and Braila Island, the largest consolidated farm in Europe, the company plans on investing an additional $500 million in Romania over the coming five years, in various sectors. This announcement coincides with a visit to Romania by a delegation comprising the executive leadership team from Al Dahra. During the visit, several meetings and discussions with high ranking officials in the country were held.Regarding farming investments, Al Dahra will look at acquiring additional farming land in Romania and will invest in modernising the existing portfolio of agricultural machinery...
52 minute 47 second

France unveils major tax cuts as growth flags

Paris: The French government on Monday unveiled billions of euros in tax relief for businesses and households, alongside further budget cuts, as President Emmanuel Macron struggles to deliver more jobs and higher growth as promised.The former investment banker’s poll ratings have dived in recent weeks as growth has slowed despite a series of reforms presented as unavoidable shock treatment for getting France on solid financial footing.Critics say most people have been left behind by Macron’s policies so far, which have seen him raise taxes on retirees while cutting a wealth tax on top earners.Pensions and welfare benefits will be shaved...
53 minute 20 second

Oil prices likely to top $100 in 2019

LONDON: Commodity traders Trafigura and Mercuria said on Monday that Brent could rise to $90 per barrel by Christmas and pass $100 in early 2019. Oil prices jumped more than 2 per cent to a four-year high on Monday after Saudi Arabia and Russia ruled out any immediate increase in production despite calls by US President Donald Trump for action to raise global supply.Benchmark Brent crude hit its highest since November 2014 at $80.94 per barrel, up $2.14 or 2.7 per cent, before easing to around $80.65 by 1335 GMT. US light crude was $1.30 higher at $72.08.Saudi Arabia and...