World’s Largest Bottle of Whiskey Sold for Almost $1.4 Million at Auction

Fourth EstateThe Intrepid, shown here sold for seven figures at auction. | FAH MAI

The world’s largest bottle of whiskey has sold for approximately $1.4 million at the Lyon and Turnbull auction house on Wednesday. The whiskey bottle called ‘The Intrepid’ stands at 5 feet and 11 inches and contains 82.16 US gallons or …

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Indonesia May Delay Imposing Excise Tax on Plastic, Sweetened Beverages

Fourth EstateIndonesia may postpone its plan to impose an excise tax on plastic and sweetened beverages to 2023, according to a finance ministry official.

Indonesia may postpone its plan to impose an excise tax on plastic and sweetened beverages to 2023, according to a finance ministry official. The finance ministry’s director general of customs and excise, Askolani, said in an online news conference that …

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Coca-Cola, PepsiCo Suspend Operations in Russia

Coca-Cola and PepsiCo announced on March 8 that they are suspending their operations in Russia amid the invasion of Ukraine. “Our hearts are with the people who are enduring unconscionable effects from these tragic events in Ukraine,” Coca-Cola said in …

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Luxury Goods Group LVMH Acquires 50% of Jay-Z’s “Ace of Spades” Champagne Brand

Luxury goods corporation LVMH, along with its wine and spirits division Moet Hennessy, have made a deal to purchase 50% of Jay-Z’s champagne brand, Armand de Brignac. Jay-Z and LVMH announced the deal via Zoom call with CEO Philippe Schaus …

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Coca-Cola European Partners Will Buy Coca-Cola Amatil

Coca-Cola European Partners will acquire Australia’s Coca-Cola Amatil, in a deal that would represent the largest acquisition of an Australian company this year, following the economic caused by the COVID-19 pandemic and the lockdown measures imposed to contain its spread.

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