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Elevate costs on sugary drinks, alcohol and tobacco by 50%, WHO suggests
The World Well being Group is pushing international locations to lift the costs of sugary drinks, alcohol and tobacco by 50 per cent over the following 10 years by way of taxation, its strongest backing but for taxes to assist sort out power public well being issues.
The United Nations well being company mentioned the transfer would assist minimize consumption of the merchandise, which contribute to ailments like diabetes and a few cancers, in addition to elevating cash at a time when improvement assist is shrinking and public debt rising.
“Well being taxes are some of the environment friendly instruments we’ve,” mentioned Jeremy Farrar, WHO assistant-director basic of well being promotion and illness prevention and management. “It is time to act.”
WATCH | Stunning quantities of sugar in in style espresso chain drinks:
Sugar Shock: Espresso Chains / Buzzkill: Carbonated Drinks
Stunning quantities of sugar in some in style espresso chain drinks, even ones that appear more healthy; lab assessments present which glowing water drinks may hurt your tooth.WHO launched the push, billed because the “3 by 35” initiative, at the UN Finance for Improvement convention in Seville, Spain.
WHO mentioned that its tax plan may increase $1 trillion US by 2035, primarily based on proof from well being taxes in international locations akin to Colombia and South Africa.
WHO has backed tobacco taxes and value will increase for a long time and has known as for taxes on alcohol and sugary drinks in recent times. However that is the primary time it has steered a goal value improve for all three merchandise. Learn extra.
Is the romance with courting apps over? Huge cuts at Bumble, Match increase questions
Shows outdoors the Nasdaq MarketSite are pictured as courting app operator Bumble Inc. (BMBL) made its debut on the Nasdaq inventory alternate through the firm’s IPO in New York Metropolis on Feb. 11, 2021. (Mike Segar/Reuters)
Mass layoffs at courting app supplier Bumble are the most recent signal that extra individuals are splitting from the high-tech method of constructing connections.
The Texas-based on-line courting platform disclosed in a securities submitting final week that it plans to put off about one-third of its workforce, amounting to some 240 staff, with an anticipated financial savings of about $40 million US.
Bumble reported a complete income of about $247 million in its most up-to-date first-quarter earnings, down virtually eight per cent from the identical interval a yr in the past.
“Bumble, like the web courting trade itself, is at an inflection level,” Bumble CEO and founder Whitney Wolfe Herd mentioned in a word to staff. The corporate has been “rebuilding” in current months, which “requires onerous choices,” the word mentioned.
A month earlier, Texas-based Match Group — which owns the courting apps Tinder, Hinge and OKCupid — introduced plans to chop 13 per cent of its workforce, the corporate’s first large transfer since CEO Spencer Rascoff took over in February.
Learn extra from CBC’s Kevin Maimann.
New provide administration legislation will not save the system from Trump, specialists say
Pregnant dairy cows feed within the maternity barn at Armstrong Manor Dairy, in Caledon, Ont., on Jan. 27. (Evan Mitsui/CBC)
A new legislation meant to guard provide administration may not be sufficient to defend the system in commerce talks with a Trump administration bent on eliminating it, commerce specialists say.
The Bloc Québécois’s not too long ago handed Invoice C-202 basically forbids provide administration from getting used as a bargaining chip in commerce negotiations by stopping the international affairs minister from ensuring commitments.
“It is definitely harder to strike a take care of the US now with the passage of this invoice that principally forces Canada to barter with one hand tied behind its again,” mentioned William Pellerin, a commerce lawyer and associate on the agency McMillan LLP.
“Now that we have eliminated the digital service tax, dairy and provide administration might be the No. 1 commerce irritant that we’ve with the US. That continues to be very a lot unresolved.”
When U.S. President Donald Trump briefly paused commerce talks with Canada on June 27 over the digital companies tax — shortly earlier than Ottawa capitulated by dropping the tax — he zeroed in on Canada’s system of provide administration.
In a social media put up, Trump known as Canada a “very troublesome nation to TRADE with, together with the truth that they’ve charged our Farmers as a lot as 400% Tariffs, for years, on Dairy Merchandise.”
Canada can cost about 250 per cent tariffs on U.S. dairy imports over a set quota established by the Canada-U.S.-Mexico Settlement (CUSMA). The Worldwide Dairy Meals Affiliation, which represents the U.S. dairy trade, mentioned in March that the U.S. has by no means come near reaching these quotas, although the affiliation additionally mentioned that is due to different boundaries Canada has erected. Learn extra.
What else is occurring?
Canada’s commerce deficit narrowed to $5.9B in Could
Could drop follows large leap in April, because the U.S. commerce struggle began to indicate in information.
Canned meals big Del Monte information for chapter safety
139-year-old firm blames financial system and shoppers’ altering weight-reduction plan habits.
Uber drivers in Victoria vote to unionize
Union claims it’s the 1st group of gig employees in Canada to be licensed underneath provincial labour legal guidelines.
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