British American Tobacco fined $635 million for violating sanctions on North Korea

BUSINESS DAILY © FRANCE 24

British American Tobacco (BAT) has been fined $635 million for breaching sanctions on North Korea. The British multinational, a leader in the sale of tobacco products, will pay the record sum to US authorities. BAT's Singapore subsidiary admitted to selling cigarettes to North Korea over a decade between 2007 and 2017, in violation of US sanctions on Pyongyang over its nuclear missile activities. But first, we take a look at the resilient earnings reports of Alphabet and Microsoft and at the rising concerns over the future of First Republic Bank.