June, 2022

• 13 June

  Final decision on Tanzania’s $40bn gas plan seen in 2025

  

    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 ...

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• 13 June

  Jan 6 panel made the case against Trump

  

    At long last, the House Jan. 6 committee held its first hearing, and made it a pretty good one. Right at the top, Chairman Bennie Thompson gave us the right wording: Former President Donald Trump’s actions and those of his associates were an effort to “overthrow the government.” That’s what this is all about. That’s why the investigation is ...

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• 13 June

  Airline chaos makes fares harder to bear

  

  The summer travel season is picking up — and so are the airport horror stories. Long lines, delays and cancellations have been particularly rampant in the UK, Europe and Canada in recent weeks, but the US has certainly seen its fair share of travel blowups. So far this year, about 20% of the flights from US carriers have been delayed ...

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• 13 June

  Have health officials just given up on Covid-19?

    We’re now in a very weird pandemic phase. On Twitter, doctors such as Eric Topol sound five-alarm warnings about the latest subvariants of omicron. Offline, people are back to parties and restaurants — and will soon be flying around the world with no testing requirements to return to the US. Things feel as if they’ve lost any coherence. There’s ...

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• 13 June

  The UK’s Conservatives need to find a new leader

    If ever there was a Pyrrhic victory, Boris Johnson’s win in this week’s no-confidence vote must qualify. Britain’s prime minister secured the majority he needed to hang on, if he decides to, but by the surprisingly narrow margin of 211 votes to 148. More than 40% of his own party in Parliament told him to go. In a similar ...

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• 13 June

  Trump’s Air Force One deal pains the Pentagon, not just Boeing

  

  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 ...

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• 13 June

  Judge backs Home Depot’s ban on staff wearing BLM

  

  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) ...

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• 13 June

  United Airlines jet looks worse for wear on paint shop back-up

  

    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. ...

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• 13 June

  Airlines get relief from Covid rule, but may not be ready for it

  

    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 ...

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• 13 June

  Revlon plunges by record 53 percent

    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, ...

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