Bloomberg Business

Trading houses in Switzerland are worried that UBS Group AG’s takeover of Credit Suisse Group AG could have a negative impact on their industry.

Funds run by BlueBay Asset Management and Pacific Investment Management Co. are among the hardest hit after Swiss regulators wiped out 16 billion Swiss francs ($17.3 billion) of risky bonds issued by Credit Suisse Group AG.

A bomb cyclone slammed into Northern California, packing hurricane-like winds that toppled power lines, shattered windows in downtown San Francisco and caused a big rig to overturn on the Bay Bridge to Oakland.

As a Turkish opposition alliance tries to mastermind a victory at the polls against President Recep Tayyip Erdogan, a small coterie of economic advisers is hatching plans for what happens next.

Unionized Starbucks Corp. baristas plan to welcome their new chief executive officer with strikes at about 100 cafes Wednesday, demanding that the company drop its alleged antiunion coercion.

Norway’s central bank will probably raise borrowing costs to the highest since 2008, setting aside any concerns about global banking turmoil to intensify its fight against inflation.

Sembcorp Industries Ltd., a Singaporean energy company backed by state-owned investor Temasek Holdings Pte, is considering selling its waste management unit, according to people with knowledge of the matter.

Xi Jinping used two days of talks in Moscow to firmly align with Russia against the US. But the Chinese leader held back from offering Vladimir Putin something he’s been looking for: A commitment to buy a lot more gas.

Ugandan lawmakers approved legislation with harsher penalties for violating laws outlawing homosexuality, including death and life-imprisonment sentences in certain cases.

Turkey’s biggest non-aligned political party said it won’t field its own candidate in May’s presidential elections, in a boost to the main opposition coalition’s chances of unseating Recep Tayyip Erdogan.