US Business

Apple lost its top spot in China’s smartphone market, dethroned by local rival Xiaomi as Beijing’s consumption-boosting subsidies help buoy demand for cheaper products.

Some small U.S. companies are seeing a boost in business from new trade barriers.

The U.S. trade representative plans to charge ships for each voyage, not for each U.S. port call.

The tech giant faces multiple legal threats related to how it wields market power.

Hermes reported higher revenue for the first quarter, but growth slowed amid an uncertain environment for the industry due to waning demand and the threat of U.S. tariffs.

Sainsbury’s beat profit expectations for the full fiscal year, as the company focuses on supporting sales volumes by lowering prices.

The food delivery company reported higher revenue for the first quarter, boosted by robust gross transaction value growth in key markets.

Pernod Ricard confirmed it expects sales to fall for the current fiscal year as the Absolut Vodka owner grapples with trade turmoil and a downturn in demand.

First-quarter net profit rose above analysts’ expectations to $1.10 billion at ABB, which intends to spin off its robotics division through a share distribution.

Bunzl has cut its guidance for the year and paused its share-buyback program given the uncertain macroenvironment and resulting margin pressure in its North American business.