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Brewer Heineken unveils $2.75 bn investment in Mexico
Brewer Heineken unveils $2.75 bn investment in Mexico
Business and Economy
by  AFP

Dutch brewing giant Heineken announced Wednesday a $2.75 billion investment in Mexico -- the latest vote of confidence in Latin America's second-largest economy despite US President Donald Trump's trade war. In April, rival brewer Grupo Modelo, which makes Corona beer, announced an investment of more than $3.6 billion in Mexico to modernize its plants.

US inflation edges up as Trump tariffs flow through economy
US inflation edges up as Trump tariffs flow through economy
Business and Economy
by  AFP

US consumer inflation ticked up in May, in line with analyst expectations, government data showed Wednesday as President Donald Trump's sweeping tariffs began to ripple through the world's biggest economy. Despite the wide-ranging duties, analysts said it will take months to gauge the impact on consumer inflation.