The World Health Organization has launched a major new initiative urging countries to raise real prices on tobacco, alcohol, and sugary drinks by at least 50 percent by 2035 through health taxes in a move designed to curb chronic diseases and generate critical public revenue.
The '3 by 35' Initiative comes at a time health systems are under enormous strain from rising noncommunicable diseases (NCDs), shrinking development aid and growing public debt.
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Business News
May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.