Anheuser-Busch InBev’s volumes missed analyst estimates last quarter as sluggish sales of beer and weak demand in China offset growth elsewhere at the world’s biggest brewer.

Remy Cointreau SA reported higher stockpiles in China during its fiscal second quarter, raising concerns about the resilience of a sales rebound in a key market for the Cognac maker.

Heineken NV’s volumes grew more than expected in the third quarter as strong demand for beer in Asia and a rebound in the Americas gave Chief Executive Officer Rafael Oliveira a boost just weeks after joining the company.

Pernod Ricard SA’s sales fell less than expected last quarter as growth in India helped cushion persistent weakness in the US and China.

Imperial Brands Plc plans a £1.5 billion ($2 billion) share buyback in the next fiscal year, citing continued confidence in its future performance and cost-cutting efforts.

Imperial Brands Plc is preparing to slash thousands of jobs in critical markets, including the US and Europe, as part of a sweeping cost-cutting drive, according to people familiar with the matter.

British American Tobacco Plc is reducing its 47,000-strong global workforce by about one-fifth as part of its sweeping plan to bring down costs and simplify operations.

Heineken NV appointed Rafael Oliveira chief executive officer, as the Dutch brewer breaks with habit by hiring an outsider to try to reverse a slump in demand.

Philip Morris International Inc. cut its profit forecast for this fiscal year after writing down the value of its investment in its Canadian affiliate by $500 million.

More than 40 nations will meet Monday to outline their military contributions to a European-led mission to escort ships through the Strait of Hormuz once there’s a stable ceasefire.

More than 40 nations will meet Monday to outline their military contributions to a European-led mission to escort ships through the Strait of Hormuz once there’s a stable ceasefire.

Diageo Plc’s sales unexpectedly rose as growth in Africa and Latin America was enough to offset significant weakness in the US.

Carlsberg A/S started the year with positive sales volumes in all regions, a sign the Danish brewer’s strategy to diversify into alcohol-free drinks is working in spite of disruptions from the Iran war.

Philip Morris International Inc.’s profit rose more than expected in the first quarter on sales of smoke-free products including heated tobacco and nicotine pouches.

Diageo Plc’s shares slumped the most on record after new Chief Executive Officer Dave Lewis set out the scale of turnaround needed at the British distiller.

British American Tobacco Plc warned South Africa’s government for years that it would be forced to end production there if illegal cigarette sales weren’t stamped out, according to the chief executive officer.

Anheuser-Busch InBev offset a slump in volumes in western markets with growth in Africa and South America, alongside stronger sales of premium beer.

Carlsberg A/S widened its operating profit outlook compared with last year in a move reflecting the brewer’s cautious stance over future demand for its drinks.

A Kenyan contractor filed a fresh case against Diageo Plc, asking a court to block its proposed sale of East African assets to Asahi Group Holdings Plc until a separate matter is resolved.

Ocado Group Plc’s Canadian partner will close its automated warehouse in Calgary due to slower-than-expected growth, the latest setback for the British online grocery delivery company.