Brussels  — Heineken, 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 major European markets.

The maker of Europe's top-selling lager Heineken, Amstel, 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 rollouts...

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