Bloomberg Tanzania is edging closer to its dream of developing a $40 billion liquefied natural gas project after the government and companies, including Equinor ASA and Shell Plc, signed initial agreements. The latest signing precedes a Host Government Agreement which is expected by the end of this year, according to President Samia Suluhu Hassan. The so-called HGA sets out …

Bloomberg The fixed-price contract for the new Air Force One that Donald Trump talked Boeing Co. into signing hasn’t just caused the $1.5 billion in cumulative losses so far that the company’s CEO has lamented. It has also created headaches for the Air Force. Under a fixed-price agreement, a company’s incentive is to “finish and minimise costs” while the Pentagon …

Bloomberg A complaint by US labour board prosecutors against Home Depot Inc — for allegedly interfering with workers’ rights to protest against racial harassment — should be dismissed, an agency judge ruled. The US National Labour Relations Board’s (NLRB) general counsel alleged that the company violated federal labour law by preventing staff from displaying the message “Black Lives Matter” (BLM) …

  Bloomberg Airlines are racing to bring parked planes back into service now that post-pandemic travel demand is picking up. But some of those jets are looking a little rough around the edges. Eagle-eyed observers say some aircraft due for a routine grooming at United Airlines Holdings Inc. didn’t get fresh coats before being brought back into its active fleet. …

  Bloomberg Airlines have been petitioning for months to ease a pandemic-era restriction on arrivals from abroad. Now that the White House has lifted mandatory Covid testing for inbound passengers, the industry may rue having its collective wish granted just ahead of the busiest time of year for travel. Travellers by air will join those at land ports of entry …

  Bloomberg Revlon Inc plunged 53%, the biggest one-day drop on record, after distressed debt news outlet Reorg reported that the cosmetics empire is preparing to file for the bankruptcy. The company, controlled by billionaire Ronald Perelman, could file as soon as next week, Reorg said, citing unnamed sources. Revlon shares triggered the multiple trading halts because of the volatility, …

  Bloomberg Apple Inc plans to expand the line-up of laptops using its new, speedier in-house chips next year, aiming to grab a bigger share of the marke. The company is working on a larger MacBook Air with a 15-inch screen for release as early as next spring, said the people, who asked not to be identified because the plans …

  Bloomberg The UK’s antitrust watchdog launched an investigation into the Google Play app store over suspected anticompetitive conduct, alongside a sweeping study taking aim at Alphabet Inc and Apple Inc’s “strong grip” over mobile technologies. Marking the latest broadside against Silicon Valley from an increasingly interventionist UK regulator, the Competition and Markets Authority (CMA) will probe suspected breaches of …

  Bloomberg Ferrari plans to significantly expand its factory in northern Italy as part of the electrification strategy it will unveil during a highly anticipated briefing next week. The supercar manufacturer has snapped up space near its Maranello plant and started clearing way for a third production line that will be dedicated to making hybrid and electric vehicles. The expansion …

  Bloomberg Facebook parent company Meta Platforms Inc has halted development of a smartwatch with dual cameras and is instead working on other devices for the wrist, according to a person with knowledge of the matter. The device, which has been in development for at least two years, was designed to include several features common in other smartwatches, including activity …