FIRST ON FOX – Anheuser-Busch is increasing its U.S. investment to $600 million over two years, expanding brewery capacity, worker training and veteran hiring as the beer giant leans further into domestic manufacturing, Fox News Digital learned. 

“Anheuser‑Busch is doubling down on investing in our U.S. operations because we see strong, long-term growth opportunities right here at home,” Anheuser-Busch CEO Brendan Whitworth exclusively told Fox News Digital. “When we invest in our U.S. operations and expand training for our people and opportunities for our veterans, we strengthen communities and drive real economic prosperity.”

“This $600 million investment is about advancing American manufacturing, strengthening our supply chain, and creating lasting careers and a brighter future for U.S. workers,” Whitworth added.

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The company said the expansion will increase manufacturing capacity and invest in workforce development through 15 new training centers and veteran programs. The move aligns with broader industry and government efforts to boost domestic production and rebuild the manufacturing workforce, echoing calls from the Trump administration.

Anheuser-Busch will spend the $600 million over two years, from 2025 through 2026, focusing on brewery upgrades, technology, and production capacity. The Wednesday announcement expands upon a $300 million investment announced in 2025. 

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The company said it makes 99% of the beer it sells in the U.S. domestically, including Michelob ULTRA, Busch Light, Budweiser, and Bud Light.

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The initiative aims to upskill 90% of its workforce over five years, training employees in digital systems, mechanical and electrical skills, and management systems. 

“By strengthening our manufacturing operations, we are creating sustainable careers – not just jobs – and investing in the people who are vital to our success,” said Whitworth in a press release viewed by Fox News Digital.

“We are proud to continue building the next generation of manufacturing leaders through our new technical training centers while also providing new opportunities in the workforce for our nation’s veterans,” he added.

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Anheuser-Busch is expanding veteran partnerships to help service members transition into the workforce. A new “SmartResume” platform will translate military skills and experience for employers.

The announcement follows the Trump administration’s continued push of “America First” policies creating indirect incentives for companies and reshaping trade policy for domestic production.

“This is yet another example of the Trump effect. Thanks to President Trump’s unwavering commitment to rebuilding American industry, companies are investing in the United States, expanding manufacturing, creating good-paying jobs, and driving a new era of prosperity for the American people,” White House spokesperson Liz Huston told Fox News Digital.

In March, 15,000 new jobs were added in the manufacturing sector, according to the White House.

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Trump has also signed various executive orders and actions to revitalize American manufacturing, recently signing a proclamation to strengthen tariffs imposed on imported steel, aluminum, and copper imports to help Americans compete and companies to build factories in the U.S..

Life insurer SBI Life on Wednesday reported a marginal decline in its standalone profit to Rs 805 crore in the fourth quarter. The profit was down about 1% over the previous year quarter. Net premium income, meanwhile, increased 16% year-on-year (YoY) to Rs 27,684 crore.

SBI Life retained its leadership in the private market across key metrics during FY26, with a 25.5% market share in Individual New Business Premium and 22.9% share in Individual Rated Premium.

The company reported annualized premium equivalent (APE) of Rs 24,270 crore, marking a 13% increase, while Individual New Business Sum Assured surged 61% to Rs 4.46 lakh crore, indicating strong traction in protection-led offerings.

Persistency ratios also improved, with 13-month and 49-month persistency rising by 53 basis points and 107 basis points, respectively.

Value of New Business (VoNB) stood at Rs 6,670 crore, up 12% YoY, with margins at 27.5%, reflecting stable profitability despite a shifting product mix. Embedded value grew 15% to Rs 80,790 crore, while operating return on embedded value came in at 19.7%. Assets under management increased 9% to Rs 4.9 lakh crore, and the solvency ratio remained robust at 1.90.

MD and CEO Amit Jhingran said the life insurance industry saw improved momentum during FY26, supported by regulatory measures and a shift towards protection-oriented products. He noted that GST exemption on individual policies improved affordability and aided demand. The company maintained a balanced product mix across ULIPs, participating, and non-participating savings products, while the participating and retail protection segments saw strong growth.
SBI Life continued to focus on a balanced growth strategy, strengthening its product portfolio, expanding distribution, and improving operational efficiencies while maintaining prudent risk management. The company reiterated its commitment to improving insurance penetration and delivering long-term value.Also read: Pahalgam anniversary: How the 2025 terror attack triggered Rs 3 lakh crore defence boom and created 3 multibagger stocks

On the business front, Individual New Business Premium rose 13% to Rs 29,780 crore, while protection new business premium stood at Rs 4,622 crore. Gross Written Premium grew 19% to Rs 1.01 lakh crore, driven by a 20% rise in new business regular premium and a 19% increase in renewal premiums.

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)

Shares slump as company updates market

Retailer Shoe Zone has warned it is poised to report an annual loss, citing the Iran conflict and the UK’s recent budget challenges for eroding consumer confidence.

The high street chain, which operates 259 shops and employs over 2,000 people throughout the UK, said the Middle East turmoil was also driving up expenses such as shipping and logistics, which is expected to hit its financial performance.

Shares in the company tumbled by more than a fifth, falling 22%, during Wednesday morning trading as Shoe Zone announced it anticipates swinging to an underlying pre-tax loss of between £1 million and £2 million for the year ending October 3, compared with earlier forecasts of £1 million in profits.

The Leicester-based Shoe Zone said its first quarter had experienced “challenging trading conditions, principally due to a continued weakening in consumer confidence, following on from the Government’s last two budget announcements, and the geo-political issues in the Middle East”.

It added: “These macroeconomic factors have increased customer caution, leading to lower footfall, less discretionary spend and additional costs such as container prices and transportation costs, with a resultant reduction in revenue and profit.”

Budget clothing chain Primark disclosed on Tuesday that it had witnessed softer trading in April as strain from the Middle East conflict dampened consumer sentiment. Shoe Zone has previously condemned “highly adverse” Government policies amid worsening trading difficulties that have driven its share price to its lowest point in over five years.

The retailer revealed profits plummeted by more than two-thirds to £3.3 million in the year to last September, while store sales fell 10.3% as it closed a net total of 28 shops over the period.

The group recently warned that Government policies had damaged consumer confidence and caused business costs to soar.

Shoe Zone operates 53 smaller-format high street stores alongside 206 larger outlets.

The company sells approximately 13.3 million pairs of shoes annually at an average price of around £13.00.

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Trent, the parent company of retail chains Westside and Zudio, on Wednesday declared its first-ever bonus issue, offering shares in a 1:2 ratio to more than five lakh shareholders.

In an exchange filing, the company announced the 1:2 bonus issue along with Rs 6 dividend and Q4 results. The record date to determine the eligibility of shareholders set to receive the bonus shares will be announced later.

The Tata Group company said that it will issue one bonus share for every two shares owned as on the record date, subject to shareholders’ approval. Around 17.77 crore shares with a face value of Re 1 each will be issued as part of the offer.

Trent plans to allot the bonus shares by June 21, utilising share premium worth Rs 17.77 crore. The company’s total share premium available for capitalisation stood at Rs 1,924.3 crore as of March 31, 2026.

This marks the first-ever bonus issue announced by the Tata Group company. Earlier in June last year, the company announced a dividend of Rs 5 per equity share, while it paid dividends of Rs 3.20 in May 2024 and Rs 2.20 in May 2023. In 2016, it announced a stock split in the ratio of 10:1.

A bonus issue consists of free shares distributed by a company from its reserves and is often seen as a sign of strong financial health and growth prospects. While the issue of bonus shares increases the total number of outstanding shares, it does not change the company’s market capitalisation. However, it can improve liquidity and affordability, allowing more investors to add shares of the company to their portfolio.
Only those shareholders who own the shares of the company as on the record date will be eligible to receive the bonus shares. The record date for Trent’s prospective bonus issue is yet to be determined.Trent Q4 results

Trent reported a 26% growth in its consolidated net profit for the quarter ended March 31, 2026, at Rs 400 crore versus Rs 318 crore in the year-ago period. Its revenue from operations, meanwhile, rose 19% YoY to Rs 5,028 crore in Q4 FY26.

Further, Trent’s board of directors also approved the plan to raise additional funds through the issue of equity shares via rights issue or other methods. The company announced an Employee Stock Option Plan (ESOP) to issue nearly 8.89 lakh shares to its eligible shareholders.

Trent share price

Trent shares have gained around 11% over the past week and 24% in the last month. However, the stock is down nearly 17% over the past one year. In the longer term, it has rallied 219% in three years and over 490% in five years.

Promoters and the promoter group held a 37% stake in the company, while the public owned the remaining 63%, as per the shareholding pattern as of March 31, 2026, on the NSE. Among promoters, Tata Sons held over 32%, while Tata Investment Corporation owned a little over 4%.

Southeast Asia face economic pressures from the Iran war’s energy crisis, with tankers turning back and governments implementing stabilization measures. Regional news includes Indonesia’s domestic worker protections, Philippines hostage deaths in Lebanon, and ongoing Myanmar conflicts affecting displaced populations.

Key Points

• Southeast Asia: Five tankers turned back after US warnings on Iranian oil; Malaysia focuses on fiscal discipline and biodiesel mandates; Indonesia passes domestic worker protections and reports a 6.0 earthquake; Thailand sees declining tourist arrivals amid Middle East crisis impacts.

• Regional Security & Economy: Iran war triggers global energy crisis; Philippines-US war games proceed amid China tensions; Pakistan hosts US-Iran peace talks; Myanmar rebels reject peace offers; Gaza death toll surpasses 72,560.

• Trade & Diplomacy: Malaysia pursues trade deals with Australia and China; India and South Korea plan US$50bil trade push; China urges Hormuz Strait remains open; Japan expands arms export rules; Ringgit strengthens against major currencies.

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Regional Developments Across Southeast Asia

Maritime Security and Trade Disruptions
The Iran war is triggering the biggest global energy crisis in history, according to the IEA. Singapore is investing over S$100 million in maritime research, reinforcing its role as a critical maritime hub. Meanwhile, five Malaysia-bound tankers turned back following US warnings against Iranian oil shipments, and a UN agency is preparing evacuation plans for hundreds of ships near the Strait of Hormuz.

Economic and Political Pressures
Thailand’s foreign tourist arrivals dropped 3.34%, while Toyota cut global production by 38,000 vehicles due to Middle East disruptions. The Philippines faces tension as China flexes energy leverage during US-Philippines war games. Indonesia passed a landmark domestic workers protection law and announced a major natural gas discovery, offering some economic optimism amid regional instability.

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Broader Global and ASEAN Headlines

Geopolitical Tensions and Humanitarian Concerns
Trump accused Iran of violating ceasefire agreements, while Pakistan hosted US-Iran peace talks in Islamabad. Gaza’s death toll has surpassed 72,560, and Myanmar rebels rejected peace talk proposals from the country’s president. The UN reported nearly 7,900 deaths on migration routes in 2025, highlighting worsening humanitarian conditions across conflict-affected regions.

Trade, Technology, and Cultural Highlights
India and South Korea announced a US$50 billion trade initiative, while China eased fuel retail prices to reduce public burden. Japan is opening its arms export market in its biggest policy shift in decades. On a lighter note, Jollibee acquired a Korean hot pot chain for US$88 million, South Korea’s escaped wolf became a viral local sensation, and Tanzania secured rights to host the 2027 Miss World Pageant, reflecting the region’s vibrant cultural momentum.

Malaysia’s Economic Resilience and Domestic Challenges

Fiscal Discipline and Reform
Malaysia continues to demonstrate economic resilience through fiscal discipline and strategic reforms. Over 70% of blending depots are ready for the B15 biodiesel mandate, and banking institutions are being urged to act as strategic partners to sustain domestic growth. The government is also preparing long-term measures to address the Strait of Hormuz crisis impact on energy supply chains.

Governance and Law Enforcement
On the domestic front, the MACC detained an NGO leader over a RM230 million zakat fund probe, while courts handed down significant rulings, including jailing 33 men over a KTV attack. The Home Ministry continues reviewing foreign worker policies, and authorities are monitoring a viral video involving a Kulim police officer.

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