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Pakistan sacks minister over ‘rift with army’

  Islamabad / AFP Pakistan’s prime minister Nawaz Sharif on Saturday removed a key minister from his cabinet over a media leak that sparked a rift between his government and the powerful army, his office said. Pervez Rasheed, the information minister, was asked to step down over his alleged role as a source for the report, which said civilian officials ...

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British Airways seeks US boost to help counter Brexit woes

  Bloomberg British Airways is betting on a trans-Atlantic boost from the weaker pound to help offset the negative impacts of the U.K.’s Brexit vote. BA’s dollar bookings will be worth more following sterling’s near 20 percent decline against the US currency, while there’s scope for higher fares as US carriers rein in capacity, Willie Walsh, chief executive officer of ...

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Kenya’s biggest retailer plans stake sale after debt rise

  Bloomberg Nakumatt Holdings Ltd., Kenya’s biggest retail chain, is in talks to sell as much as 25 percent of the business to reduce debt that more than tripled over the past five years as it expanded. The company, based in the capital, Nairobi, is in discussions with foreign and domestic investors that are expected to be concluded within weeks, ...

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