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Shoprite to focus on market gains in Africa

Bloomberg Shoprite Holdings Ltd. switched its focus firmly towards taking market share in its home market of South Africa, after opting to withdraw from Nigeria and Kenya and move more cautiously in Angola. The more guarded approach comes after the continent’s biggest supermarket chain struggled with supply disruptions and getting money out of some countries. The company is seeking to ...

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UK to expand nuclear arsenal in biggest shift since Cold War

Bloomberg The UK plans to bolster its stockpile of nuclear weapons to counter growing threats around the world, Prime Minister Boris Johnson announced as he unveiled a radical overhaul of defense and foreign policy. Under a blueprint for the next decade, the UK will cut troop numbers, tanks and some fighter jets, according to a person familiar with the matter, ...

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China warns EU ‘haters’ over human rights sanctions

Bloomberg China warned the European Union (EU) not to interfere in its national security affairs, saying any sanctions over human rights abuses — based on “lies” — could fuel the confrontation. “I am deeply concerned about possible sanctions,” China’s ambassador to the EU, Zhang Ming, said during a European Policy Centre event on Tuesday. “If some insist on confrontation, we ...

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