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Posts Tagged ‘UK’
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May 6, 2019

TOBACCO COMPANY PHILIP MORRIS STARTS LIFE INSURANCE FIRM THAT OFFERS DISCOUNTS TO SMOKERS WHO QUIT

Called Reviti, the wholly owned subsidiary will initially sell life insurance in the U.K. with plans to expand into more markets overseas. Smokers will receive discounts if they stop, quit or switch to a possibly less carcinogenic product, like Philip Morris’ vaping devices.

On average, people who switch to e-cigarettes will receive a 2.5% discount on premiums, people who switch to Philip Morris’ heated tobacco product iQOS for three months will receive a 25% discount, and people who quit smoking for at least a year will receive a 50% discount, the company said. Premiums for a 20-year-old nonsmoker run about £5 ($6.47) per month for a life insurance policy that pays £150,000 [...]

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May 6, 2019

STEELMAKING RESTARTS AT TATA’S PORT TALBOT WORKS AFTER EXPLOSION

Production has returned to normal at one of the UK’s largest steelworks, where two workers were injured following a large explosion.

An investigation into the cause of the incident at Tata Steel’s integrated works at Port Talbot in the early hours of Friday is under way after the outbreak of fires caused by molten metal coming into contact with cold water on a railway track.

The explosion and fire, which could be heard up to 15 miles away, lit up the nearby town in south Wales and caused residents’ houses to shake. Some feared a repeat of the tragedy in 2001 in which three men died.

Stephen Davies, a Unite union representative for the site, said the two injured [...]

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November 13, 2018

RAMAPHOSA WORKS HARD AT CONVINCING BERLIN AND BUSINESS TO INCEST IN SA

On Monday 29 October, Ramaphosa held bi-lateral talks with Chancellor Angela Merkel aimed at closer co-operation between the two countries. The Presidency said in a statement after the meeting: “The President and the Chancellor also agreed on the importance of continuing with the G20 Compact with Africa initiative, and committed to an expansion of trade and investment between South Africa and Germany.”

Attending the G20 German Africa Investment Summit on 30 October 2018, a stone’s throw from the iconic Brandenburger Gate, once of a symbol of the divide between East and West, Ramaphosa was one of the three keynote speakers addressing the conference in his position as Co-Chair [...]

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October 31, 2018

THE AVERAGE HOUSEHOLD WEALTH IN SOUTH AFRICA VS THE WORLD

The group lists South Africa as having the 37th highest average net household wealth among the countries assessed, with EUR 7,770 per capita (±R127,300), up from EUR 7,080 in 2017 (±R116,000). In its 2018 report, Allianz focused in on the imbalances that exist between the average wealth held per capita compared to the median wealth per capita, noting that there are more countries (30 in total) in which distribution, based on development of median assets, has improved since the turn of the millennium. This shows an overall improvement in the wealth of any given country – however, South Africa is not one of those. South Africa, Allianz said, is a country with a reputation for distorted [...]

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