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Hints of Russia’s future in South Africa’s past

  Since Russia’s invasion of Ukraine, allied nations have unleashed a suite of sanctions so rapid and broad in its reach that there are no true precedents. Even, say, curbs on Venezuela — oil producer cut off from global finance — are by necessity imperfect. But there’s another commodity exporter whose experience offers less obvious lessons for sanctioning nations and ...

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Asda, Iceland bonds climb out of doldrums on bill aid

  Bloomberg British supermarket chains Asda Group Ltd and Iceland Foods Ltd have seen their bonds move out of the distressed zone after British Prime Minister Liz Truss’s promised help on energy bills. With Britons expected to have more money in their pockets to spend on essential groceries, the sweeping package of measures to contain spiraling energy bills announced last ...

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Aldi becomes fourth biggest grocer in UK 

  Bloomberg Aldi has become Britain’s fourth largest supermarket for the first time, overtaking Wm Morrison Supermarkets Plc to gain 9.3% of the country’s grocery market. The German discounter’s market share climbed 1.2 percentage points in the 12 weeks to September 4, retail data company Kantar said. Brits have been turning to cheaper outlets and own-brand labels amid the country’s ...

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