Bloomberg The US government’s edict to both regulate and promote the rapidly growing commercial space industry is a conflict of interest and must end, a senior lawmaker said. Representative Peter DeFazio, the Oregon Democrat who is chairman of the Transportation and Infrastructure Committee, said he would introduce legislation to alter the Federal Aviation Administration’s mandate. The committee heard comments on ...

Bloomberg Air New Zealand expects to suffer at least three straight years of losses as the pandemic continues to keep international borders closed and severely restrict long-haul travel. The airline will post a loss before significant items and tax of as much as NZ$450 million ($315 million) for the year ended on June 30 and foresees a “comparable” result in ...

Bloomberg Wm Morrison Supermarkets Plc rejected as undervalued an unsolicited proposal from US buyout firm Clayton Dubilier & Rice LLC that valued the UK grocery chain at about 5.5 billion pounds ($7.6 billion). Morrison received a proposed cash offer at 230 pence a share on June 14 and rejected it three days later after discussions with its adviser Rothschild & ...