US Business

The French distiller experienced a slow start to its fiscal year, citing sharp sales declines in the key markets of China and the U.S. as the spirits industry faces a slowdown in consumption.

Sea-Doo and Ski-Doo maker BRP said it intends to sell off the majority of its marine businesses, which have been weighed down by softer consumer demand, to focus on powersports products such as snowmobiles and all-terrain vehicles.

Nestlé lowered its sales expectations for the second time this year as the food giant offers greater discounts to lure back shoppers deterred by rising prices in recent years.

The world’s largest contract chip maker says revenue from AI-related products is expected to triple this year.

China said it may raise tariffs on imported internal-combustion-engine cars with large engines sizes, after the EU voted to increase import duties on China-made electric vehicles.

Nokia tempered earnings expectations for the year amid a delayed recovery in sales, but said an improving gross margin and quick action on costs was helping offset some of the weakness.

The fashion concern said its performance improved in both its retail and wholesale channels, with increased revenue across all its markets, in particular in the Americas.

The Franco-Italian eyewear group’s revenue rose 4% in the third quarter, helped by sales of smart glasses.

The one-night special marks the streaming service’s first foray into original live-news programming.

The company’s earnings missed expectations, the latest sign of how medical expenses are squeezing insurers’ government businesses.