Bloomberg Spirit Airlines Inc will build a new South Florida headquarters that will cost $250 million over three years. The new office campus of as much as 500,000 square feet will consolidate more than 1,200 employees, Spirit said in a statement. The project is scheduled to open in 2022 in Dania Beach, Florida, just south of the carrier’s largest operational …

Bloomberg Hedge funds are increasingly pessimistic on oil as US stockpiles surge and crude refining plunges. Bets on a West Texas Intermediate crude rout rose 7.6% in the week ended October 15 and almost tripled since mid-September. A report showing American crude storage rose for a fifth week while refiners cut processing rates to the lowest since 2017 only reinforced …

Bloomberg Tanzania is open to discussions with investors on the $10 billion Bagamoyo Port project, but will prioritise the interests of the East African nation, the Daily News newspaper reported, citing Tanzania Ports Authority Director General Deusdedit Kakoko. Talks on the proposed port have stalled because investors’ conditions were likely to prevent Tanzania from reaping the maximum benefit from the …