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World Business Report

BBC World Service

Business, Business News, News & Politics

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Business News 45

The latest business and finance news from around the world from the BBC

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Philip Morris: Tobacco Giant Ordered to Compensate Australia

July 10th, 2017

Episode 1085 of 1091 episodes

The company is to pay back millions of dollars of legal fees after losing a court battle. The ruling is related to Australia's move to introduce plain cigarette packaging with graphic health warnings, as Tom Iggulden, a reporter for ABC News in Canberra, Australia, explains. Also in the programme, Chinese shipping firm Cosco has made a $6.3bn bid for Hong Kong rival, Orient Overseas International. Neil Dekker is director of container research at Drewry Shipping in London and tells us the significance of the deal. The World Petroleum Congress is under way in Istanbul, Turkey, from where Mehul Srivastava of the Financial Times brings us a briefing. We hear from the Ivory Coast about gangs of men who make a living out of helping people park their cars. Plus our regular commentator Lucy Kellaway of the Financial Times discusses the limitations of robots in the workplace. (Picture: Australian cigarette packaging. Picture credit: Getty Images.) Show less

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