Bloomberg Business

(Bloomberg) — Norway’s central bank raised borrowing costs to the highest level since 2008 and signaled more tightening to come as the krone’s weakness stokes inflation.

Todd Boehly, the co-owner of Chelsea FC, is asking fans to be patient as the club seeks to rebound from a losing streak.

Volkswagen AG is amping up its presence in China with new models better geared to local tastes, vowing to turn around a slump in deliveries that has seen maker BYD Co. become China’s top-selling carmaker.

Pick n Pay Stores Ltd.’s shares plunged in Johannesburg as South Africa’s third-largest grocer by revenue reported earnings that were crimped by extra costs to keep fresh food chilled amid nationwide power outages.

The fallout for the Swedish pension fund embroiled in the US banking crisis deepend on Thursday after the country’s watchdog said it was formally opening an investigation.

The European Union is considering ways to target third countries seen as doing too little to stop Russia evade sanctions, particularly those that can’t explain spikes in trade of key goods or technologies, according to people familiar with the matter.

A group of Credit Suisse Group AG bondholders in Asia challenged Switzerland’s banking regulator over the decision to write down about 16 billion Swiss francs ($18.1 billion) of the bank’s riskiest debt, the first known move by wealthy investors in the region.

For 60 years, doctors and scientists searched for a vaccine against a common virus that, while sometimes deadly, is little known to the public. The hunt is over.

Hundreds more Credit Suisse Group AG bondholders sued Switzerland’s banking regulator after their securities valued at about $1.7 billion were wiped out during the lender’s government-brokered takeover by UBS Group AG.