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Bloomberg Sweden’s acting Prime Minister Stefan Lofven said that he’s prepared to try to form a broad coalition government after the opposition leader failed in his first attempt. Lofven said he told parliament speaker Andreas Norlen on Monday that he’s ready to lead talks on forming a viable coalition to break an impasse after last month’s inconclusive election. “A cooperation ...

Bloomberg Steel pipe makers are set to become beneficiaries of India’s $10 billion push to expand its natural gas network to more of its urban masses and cut pollution. India has just completed its biggest city gas distribution auction that would extend coverage to more than half of its 1.3 billion people across a third of the nation’s area. This ...

Bloomberg Royal Dutch Shell Plc and Equinor ASA said they’re committed to a project that will allow the export of natural gas from Tanzania. Proposals to build a $30 billion liquefied-natural-gas plant (LNG), in gestation since 2014, have been clouded by policy uncertainty in Tanzania’s extractives industry. Investor sentiment toward the East African nation has been soured by the government’s ...

Bloomberg Zimbabwe’s government warned fuel suppliers who demand payment in foreign exchange that their licences to trade will be withdrawn. “All those caught selling fuel at prices not approved by Zimbabwe Energy Regulatory Authority and those service stations either demanding payment in hard currency or engaging in other untoward trading will have their licences revoked,” Vice President Kembo Mohadi said. ...

Bloomberg A natural gas pipeline rupture in British Columbia forced refineries in Washington to cut output, pushing gasoline prices higher in the Pacific Northwest. Enbridge Inc.’s WestCoast Mainline ruptured near Prince George. The fire has been extinguished, Michael Barnes, a company spokesman, said. The line, along with an adjacent one, has been depressurized, and he said the company “cannot speculate ...

Bloomberg Miners in the Democratic Republic of Congo are seeking concessions under the nation’s new industry code and holding off challenging it through arbitration, in the hope they can still wring out a compromise in the world’s main source of cobalt and Africa’s biggest copper producer. Producers including Glencore and Randgold have opposed the new code that raised royalties, introduced ...

Bloomberg Ask four Australians why the Great Barrier Reef is bleaching, and you’ll hear four different answers. A travel agent in Brisbane says it’s because of the cyclone that hit last year. Another one just down the street blames “some sort of starfish.” A tour guide in Cairns says bleaching is a natural part of the coral life cycle; another, ...

Bloomberg The ongoing trade war with the US is hitting Chinese consumers psychologically, causing a slowdown for luxury goods in the second half of the year, said Italian menswear maker Ermenegildo Zegna Group. “In the past few months, I would say there has been a slowing down of consumption, and probably the consumer is becoming more careful in what he ...

Bloomberg SoftBank Group Corp. has been battered over the past two weeks as technology stocks plummet globally. SoftBank shares fell 7.3 percent to 9,251 yen at the close in Tokyo on Monday, pushing the decline in market value to $22 billion since its peak this year. The stock had gained 29 percent this year through September 28 as investors began ...

Bloomberg Visa Inc. and Mastercard Inc. are among international payment companies set to miss a deadline for certifying their compliance with data localisation requirements set by India’s central bank, people familiar with the matter said. The two credit card giants have requested an extension of the deadline and a relaxation of the rules, citing operational difficulties and security concerns, the ...