Tajikistan emerges as one of Central Asia’s fastest-growing economies
Tajikistan has strengthened its position as one of Central Asia’s fastest-growing economies. According to the European Bank for Reconstruction and D...
The World Health Organization (WHO) has called for a 50% price increase on sugary drinks, alcohol, and tobacco over the next decade, pushing for taxation as a means to reduce chronic diseases and raise funds for health systems.
The initiative, called '3 by 35,' was unveiled at the United Nations Finance for Development conference in Seville earlier this week.
“Health taxes are one of the most efficient tools we have,” said Dr Jeremy Farrar, Assistant Director-General, Health Promotion and Disease Prevention and Control, WHO.
“They cut the consumption of harmful products and create revenue governments can reinvest in health care, education, and social protection. It’s time to act,” Farrar added.
The WHO estimates that the initiative could generate $1 trillion by 2035, based on successful examples in countries such as Colombia and South Africa.
This is the first time the WHO has set a specific target for price increases on all three products, although it has advocated for tobacco taxes and price hikes on sugary drinks and alcohol in recent years.
WHO Director-General Dr. Tedros Adhanom Ghebreyesus said that the funds raised could help strengthen national health systems, particularly in low- and middle-income countries struggling with aid cuts.
However, the tax proposal faces resistance from industry groups, with critics arguing that higher taxes won't effectively reduce health problems such as obesity or alcohol abuse.
Kate Loatman of the International Council of Beverages Associations and Amanda Berger of the Distilled Spirits Council expressed concerns that the proposed taxes would not lead to the intended health outcomes.
The initiative has garnered support from organizations such as Bloomberg Philanthropies, The World Bank, and the Organisation for Economic Co-operation and Development (OECD), and aims to assist countries that wish to implement these measures.
Pakistan has warned that any attempt by India to block or significantly reduce river flows under the Indus Waters Treaty could have “far-reaching consequences”, after India's water minister said New Delhi was working to ensure that “not a single drop” of water reaches Pakistan in the coming years.
SpaceX made a historic entrance into the Nasdaq on Friday, surging over 20% in its first day of trading and lifting its valuation to more than $2 trillion. Investors flocked to the world’s largest IPO, betting on Elon Musk’s sprawling empire spanning rockets, AI and beyond.
Armenia has every right to choose Europe. But Europe’s support for Armenia’s direction should not become automatic approval of its political process.
U.S. President Donald Trump has said a peace agreement with Iran is scheduled to be signed on Sunday in a post on social media, despite Tehran's Foreign Ministry spokesperson Esmaeil Baghaei saying no deal would be approved this weekend.
Japan’s birth rate and fertility levels have fallen to their lowest levels on record, highlighting the country’s worsening demographic crisis as fewer people marry and have children.
The New York Knicks defeated the San Antonio Spurs 94-90 to close out the series 4-1 and claim their first NBA championship since 1973, sparking celebrations across New York City.
In the runup to the G7 summit, hosted by France in Évian-les-Bains on Monday, 15 June, China has addressed global economic balances in a videoconference hosted by French President Emmanuel Macron. It is a rarity for Beijing to engage directly with the group.
Switzerland on Sunday rejected a referendum proposal to cap its population at 10 million, a projection showed, as voters prioritised economic stability and the country's ties with the European Union over immigration concerns.
Romania's centrist President Nicușor Dan on Sunday designated Adrian Veștea, a member of the liberal party, as prime minister, after independent candidate Eugen Tomac withdrew.
North Korea said on Sunday, 14 June, that denuclearisation is a matter that is irreversibly terminated, in a condemnation of recent nuclear deterrence talks between the U.S. and South Korea.
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