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EU antitrust regulators approved on Tuesday Anheuser-Busch InBev's $100 billion-plus takeover of SABMiller on condition that it sell almost the whole of SABMiller's beer business in Europe. The Belgium-based maker of Budweiser, Corona and Stella Artois has already agreed to sell SABMiller's Peroni, Grolsch and Meantime beer brands to Japan's Asahi Group Holdings Ltd and to divest eastern European assets. The European Commission said that Europeans bought around 125 billion euros of beer every year so even a relatively small increase would cause considerable harm to consumers.
SAN FRANCISCO/WASHINGTON (Reuters) - Volkswagen AG has made substantial progress toward reaching a final settlement by late June with car owners and the U.S. government over the German automaker's cheating on diesel emissions tests, a federal judge said on Tuesday. U.S. District Judge Charles Breyer in San Francisco also reiterated that a settlement will include "substantial compensation" for owners of 482,000 polluting vehicles that emit up to 40 times legally allowable pollution. Breyer said lawyers for owners suing Volkswagen and the U.S. Justice Department, Environmental Protection Agency, Federal Trade Commission and the company were on track to file the final proposed settlements by June 21.