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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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Japan, Australia to sign security agreement amid China concerns

  Bloomberg Japan and Australia are expected to sign a new security agreement during a visit by Prime Minister Fumio Kishida to Perth on Saturday, strengthening ties between the long-time partners amid rising tensions in the Asia-Pacific region. The new plan would update a previous agreement signed in 2007 under Kishida’s predecessor Shinzo Abe and then-Australian Prime Minister John Howard, ...

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