Bloomberg Billionaire Mukesh Ambani abandoned a plan to buy a teetering Indian retailer amid protracted legal challenges from Amazon.com Inc., potentially ending one episode of the broader clash between the two titans to control the country’s billion-people-plus market. In a filing, Reliance Industries Ltd. said its proposal to acquire certain assets of Mumbai-based Future Group — which ran the nation’s …

  Bloomberg Mozambique plans to establish a sovereign wealth fund later this year as it prepares to start natural gas exports that the government says may generate $96 billion of revenue for the world’s third-poorest nation. The authorities are in the process of finalising draft legislation that will govern the management of the fund, Finance Minister Max Tonela said in …

  Bloomberg Poland could be free of its Russian gas dependency by October when a new pipeline into the country is set for completion, according to Shell. A report commissioned by the energy major’s Polish unit said that “a complete abandonment of oil from Russia is possible, but the process will lead to higher prices for fuels and other products.” …

Bloomberg Democratic Republic of Congo added Glencore Plc’s giant Mutanda copper and cobalt operation to a list of projects that could face renegotiation, just as the key battery metals mine is in the process of restarting. The move to probe Mutanda comes as Congo President Felix Tshisekedi increases his scrutiny of extractive deals made under his predecessor, Joseph Kabila. Congo …

Bloomberg US airlines are facing a pilot shortage that’s complicating efforts to ramp up flights, forcing them to step up training programs, recruit foreign pilots and even replace planes with buses. The industry needs to hire an average of 14,500 new pilots each year until 2030, according to federal labour statistics. But carriers say there’s no way they can bring …

  Bloomberg A lawyer for US Airways told jurors that Sabre Holdings Corp cost it $299.3 million in overcharges and lost profits, at the start of an antitrust trial in Manhattan. US Airways sued Sabre in 2011 claiming it charged inflated fees for its computerized reservation services, avoided competing over prices and blocked competitors from entering the market. The airline …

  Bloomberg American Airlines Group Inc and United Airlines Holdings Inc said some Boeing Co aircraft won’t arrive until 2023 or 2024 amid lingering uncertainty over when the planemaker will be allowed to resume deliveries of its 787 Dreamliner. The issue has already prompted American to reduce, delay or suspend some planned international routes, a setback for the carrier as …

  Bloomberg Lululemon Athletica Inc outlined a new five-year plan intended to double sales to $12.5 billion by 2026, in part by expanding its offerings to men. The athletic-wear retailer aims to double the revenue it gets from men’s products and its digital channel, while quadrupling international sales from 2021 levels, the company said in a statement. Executives are meeting …

  Bloomberg Poland’s simmering industrial dispute over working conditions for air traffic control staff threatens to disrupt more than 600 flights a day if a deal can’t be reached, Europe’s airspace-management body warned. Capacity for services to Warsaw could be cut to just 170 a day if the situation worsens, leaving around 340 at risk of cancellation, while 300 of …

  Bloomberg Frasers Group Plc’s new chief executive officer will receive a $27 million payment just days before he takes charge of the British retail group. The company behind Sports Direct and House of Fraser said it was awarding the payment to Michael Murray for his previous consultancy work at the group. Murray is not formally employed by Frasers but …