U.S. President Joe Biden ordered his administration last year to boost the domestic economy by cracking down on what it sees as a lack of competition in sectors from agriculture to drugs and labor.

The United States needs to pursue new strategies and update its domestic trade tools to deal with China's "state-led, non-market policies and practices", the U.S. Trade Representative's office said on Wednesday in a new assessment report.

BRUSSELS (Reuters) -Heineken cast doubt on its mid-term profit margin target due to the uncertain impact of spiralling inflation on beer consumption, after reporting stronger than expected earnings in 2021 from higher prices and cost savings.

The new chairman of Adler Group said on Wednesday he has had no contact yet with KPMG, which is conducting a special audit of the company's affairs.

The works council of Volkswagen said on Wednesday it hopes for a final decision on exactly where the German company will build a new electric vehicle plant in the first quarter, adding it wants it close to its existing Wolfsburg factory.

Heineken cast doubt on its mid-term profit margin target due to the uncertain impact of spiralling inflation on beer consumption, after reporting stronger than expected earnings in 2021 from higher prices and cost savings.