Australia

Anheuser-Busch InBev sells Australian operations after IPO failure

Beer production
Photo: STEFAN HEUNIS/AFP/Getty Images

Anheuser-Busch InBev agreed to sell its Australian operations to Japan's Asahi for $11 billion. It also is considering divestitures of its South Korea and Central America businesses.

Why it's a big deal: This is quick consequence of AB InBev canceling its Asia-Pacific IPO, whose $9 billion-plus in expected proceeds had been largely earmarked for debt reduction.

North Korea releases Australian student after spying accusations

 Kwangbok Street in Pyongyang.
Photo: Gerhard Joren/LightRocket via Getty Images

Australian Prime Minister Scott Morrison confirmed to parliament this week that Alek Sigley — the Aussie student who went missing and was allegedly held on reports of espionage — had safely left North Korea, AP reports.

What they're saying: North Korea claimed on Saturday that Sigley spread anti-Pyongyang propaganda and engaged in spying. A North Korean state news agency reported that Sigley was expelled out of "humanitarian leniency," says AP.