Bloomberg Rolls-Royce Holdings Plc is betting on expanding in Africa to grow the power-systems division after its main business building and maintaining wide-body jet engines was derailed by the coronavirus. The continent’s abundant natural resources, fast-growing economies and increasing urbanisation make it a promising market for the unit, Rolls-Royce Strategic Marketing Director Ben Story said. “We’ve got our eyes open, ...

Bloomberg That chocolate Santa will cost a bit more this Christmas. Hershey Co plans to raise prices on bags of kisses, miniature chocolate bars and other seasonal treats shaped like snowmen and Santas starting in the 2021 holiday season, Chief Executive Officer Michele Buck said in an interview. Prices for these items had not been increased since the 2014 holiday ...

Bloomberg The US and China’s top diplomats sparred on democracy and human rights in a phone conversation which was the highest level of communications between the two countries since the Biden administration began. Secretary of State Antony Blinken “stressed” to Yang Jiechi, who sits on the Communist Party’s 25-member Politburo, that the US will keep standing up for human rights ...