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Brewer Heineken unveils $2.75 bn investment in Mexico
Brewer Heineken unveils $2.75 bn investment in Mexico
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.

Steel startup aims to keep Sweden's green industry dream alive
Steel startup aims to keep Sweden's green industry dream alive
Economy
by  AFP

The spectacular fall of battery maker Northvolt led to fears over several Swedish green industry projects, but startup steelmaker Stegra believes it can confound the doubters. Behind Stegra is investment firm Vargas Holding, which was also a co-founder of battery maker Northvolt.

Trump touts 'done' deal with Beijing on rare earths, Chinese students
Trump touts 'done' deal with Beijing on rare earths, Chinese students
Economy
by  AFP

US President Donald Trump touted ties with China as "excellent" on Wednesday, saying the superpowers reached a deal after two days of talks aimed at preserving a truce in their damaging trade war. "Our deal with China is done," Trump wrote, adding that the agreement was still "subject to final approval with President Xi (Jinping) and me."