• Heineken's European beer sales fall offset by rise in Africa, Asia
    Reuters

    Heineken's European beer sales fall offset by rise in Africa, Asia

    Heineken NV, the world's second-largest brewer, fared better than expected at the start of 2021 as increased beer sales in Africa and Asia offset a sharp decline in Europe. The maker of Europe's top-selling lager Heineken, Tiger and Sol, retained its outlook that the impact of the COVID-19 pandemic was significant and markets should gradually improve in the second half of 2021, depending on vaccine roll-outs. Sales in Africa, the Middle East and Eastern Europe jumped 9.9%, with particularly strong performance in Nigeria and South Africa, growth in the former held back by supply constraints and expansion in the latter despite alcohol bans in January and over the Easter weekend.

  • Tencent tops Greenpeace clean energy rankings for China Big Tech
    Reuters

    Tencent tops Greenpeace clean energy rankings for China Big Tech

    Tencent Holdings Ltd is the best of China's energy-guzzling cloud services providers when it comes to tackling carbon emissions and procuring from renewable sources, Greenpeace said in a research report. Internet firms now rank among the biggest corporate consumers of electricity, and in China rely largely on carbon-intensive coal-fired power to keep their data centres humming around the clock. The environmental group has predicted that energy consumption by China's data centre industry will rise by two-thirds between 2019 and 2023, at which point the sector's total power use will equal the whole of Australia's.