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India’s festival gold sales to shine less brightly this year

  Bloomberg India’s gold sales during the festival period that ends the year may shine less brightly after a massive jump in 2021, and customers won’t be rushing to stores this time around, according to the World Gold Council. Demand for gold jewelry, coins and bars typically peaks in the world’s second-biggest consumer over October to December, driven by festivals ...

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Pick n Pay expands cheaper food stores

  Bloomberg Pick n Pay Stores Ltd. will more than double the pace of low-cost food and clothing store openings over the next year as living costs rise and cash-strapped shoppers turn to cheaper alternatives. The South African grocer plans to open 61 of its discount Boxer food stores in the fiscal year through August, from 36 in the previous ...

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Putin’s war escalation hastening demographic crash for Russia

Bloomberg President Vladimir Putin spent years racing against Russia’s demographic clock, only to order an invasion of Ukraine that’s consigning his country’s population to a historic decline. Besides casualties in the thousands on the battlefield, the enlistment of 300,000 reservists to join the fight — and an even bigger flight of men abroad — is derailing Putin’s goals of starting ...

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