Australia to hike tobacco taxes
The Australian government is to increase taxes on tobacco to raise A$5.3bn as it tries to offset a revenue shortfall. Prices will rise by 12.5% per year for four years starting from 1 December.
It adds to Australia's move to introduce plain packaging for tobacco products in December after a landmark High Court victory against major tobacco firms.
The government said the move would also provide funds for treating cancer and providing stroke-related services.