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Business FX Blog

Adam Solomon is a specialist in business foreign exchange issues at foreign exchange brokers TORfx.

The idea of this column is to assist businesses in saving money on making or receiving payments in foreign currency. It is developed with all companies in mind from public companies with large and complex operations, to smaller companies and individuals.

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INSIGHT

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Company News

British Land: New appointment in retail

British Land today announces a change to the responsibilities within its senior management team.


Other Company News
Home Markets Company News Red Bull says no cocaine in their drinks

£200 Trading Bonus

Red Bull says no cocaine in their drinks PDF Print E-mail
Written by Gary Howes   
Wednesday, 03 June 2009 10:34
Red Bull has hit back at claims recently made in Asia that Red Bull Energy Drink has traces of cocaine in it.

Recently a German authority had raised concerns regarding the use of de-cocainized coca leaf extract in Red Bull Simply Cola.

And this may be where the idea that cocaine can be found in the companies mainstay energy drink arose.

However the German Federal Institute for Risk Assessment (BfR) later publicly confirmed that there is no risk to human health or any other undesired pharmacological effects associated with Red Bull Simply Cola.

"It would have been absolutely impossible for Asian (or any other) authorities to have found traces of cocaine in Red Bull Energy Drink. We believe that Asian authorities mistakenly applied concerns about Red Bull Simply Cola to Red Bull Energy Drink, a completely different product with an entirely different formula. Nevertheless, we had Red Bull Energy Drink product samples from Asia analyzed by an independent and accredited institute and confirmed that Red Bull Energy Drink does not contain any cocaine," reads a statement from Red Bull.