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By James Davey LONDON (Reuters) - A shift in strategy by Britain's major grocers, to focus on small local stores that offer higher returns than big supermarkets, is allowing them to cut capital expenditure plans - and dangle the prospect of tasty returns for shareholders. Recognising that small local convenience stores, along with the internet, will be the main driver of future sales growth, British market leader Tesco, J Sainsbury - battling with Wal-Mart Stores' Asda for second place - No. 4 player Wm Morrison and No. 6 Waitrose are all prioritising investment there. Both convenience and online business require relatively little capital compared to developing large supermarket spaces. But crucially, while the profitability of online grocery is not yet proven, the returns from convenience stores can be.
HONOLULU (AP) — When Coast Guard rescuers flew to waters near the Hawaiian island of Molokai to the scene of a small plane crash, they found smoking flares from the Navy, nine people floating in yellow life vests and debris scattered across a half-mile of ocean waters with choppy waves about six feet high. The only thing missing — the single-engine plane itself.
By Ruma Paul and Serajul Quadir DHAKA (Reuters) - At least four people were killed in Bangladesh on Friday when supporters of Islamist leader Abdul Quader Mollah vented their fury at his execution for war crimes committed during the 1971 war of independence from Pakistan. The decision to hang Mollah, a senior figure in the Jamaat-e-Islami party that is a key part of the opposition coalition, drew widespread condemnation from political allies and international human rights groups. But many citizens celebrated the first ever execution of a Bangladesh war criminal, which took place late on Thursday at the Dhaka Central Jail in the capital. "It is a great gift to me as person, and it is consistent with the spirit of our liberation war," Selina Hossain, a writer whose family was tortured during the conflict, told Reuters.