Bloomberg Business

Villages in Spain’s northeast region of Catalonia are bracing for water restrictions as supplies from a key source have reached a historic low.

It’s been more than three weeks since Mark Lieb, an investor who specializes in junior bank debt, returned to the US from a marketing trip to Europe but he only recently found the time to unpack his bags.

Finland’s outgoing Prime Minister Sanna Marin will step down as the leader of her Social Democratic Party and abandon other leadership roles following the loss in parliamentary elections last weekend.

Most investors who bought UBS Group AG bonds issued days before its arranged takeover of Credit Suisse Group AG have chosen to hold on to the notes, in what is seen as a vote of confidence in the lender.

Japan’s trade minister pledged the government will hike its financial support for chipmaker Rapidus Corp. as it works to develop cutting-edge semiconductors, arguing domestic production of such components is essential for the country to excel in artificial intelligence and autonomous driving.

(Bloomberg) — Italy is studying ways to curtail the influence of China’s Sinochem on tire maker Pirelli SpA, in the latest sign of rising tensions between Beijing and Western countries over the control of key technologies.

Germany may have just dodged a recession by recording a small increase in output at the start of the year, according to the country’s top forecasters.

Johnson & Johnson said it agreed to pay $8.9 billion to resolve all cancer lawsuits tied to its talc-based powders and will make a fresh attempt to contain the liability within a bankruptcy filing by one of its units.

The UK’s Financial Conduct Authority hired more than 150 people into its Data, Technology and Innovation division in the past year as the regulator looks to ramp up its tech capabilities.

Switzerland’s banking regulator said it considered putting Credit Suisse Group AG into bankruptcy before deciding on the takeover by UBS Group AG, as the risk of contagion was too great.