AP Norway’s consumer watchdog is suing the country’s largest bank, DNB, on behalf of 150,000 customers, claiming it has overcharged them 690 million kroner (US$83 million) in management fees in “falsely active funds.” In one of Norway’s largest class action lawsuits to date, the Norwegian Consumer Council says that from 2010 to 2014 the bank had charged customers six ...

  Bloomberg The surprise departure of Nikesh Arora, heir apparent at SoftBank Group Corp, highlights a problem many Japanese companies face: passing the reins to a successor. SoftBank founder Masayoshi Son, 58, said he wants to remain at the helm of the company he built from a computer software distributor into one of Japan’s largest telecommunications and investment groups, while ...

  Bloomberg Britain’s referendum on EU membership entered its final day of campaigning with opinion polls and financial markets at odds about the likely outcome. Money has piled into bets on “Remain” winning over the past week. The pound has surged to a five-month high and an index of betting flows compiled by Oddschecker shows the chance of Brexit has ...

  Bloomberg Paintings by Pablo Picasso and Amedeo Modigliani gave the auction market a much-needed boost on Tuesday when they fetched the highest prices for Sotheby’s in London since 2010. Picasso’s 1909 Cubist painting “Femme Assise” sold for £43.3 million ($63.5 million), surpassing the estimated target of £30 million. Moments later, Modigliani’s “ Jeanne Hebuterne (au Foulard)” took £38.5 million, ...

  London / AFP Bosses from more than half of Britain’s biggest companies on Wednesday urged Britons to vote Remain on the eve of a critical EU membership referendum. Almost 1,300 business executives — including those from 51 of London’s top FTSE 100 listed companies —wrote in a letter to The Times newspaper that Britain leaving the EU could cause ...

  Bloomberg The U.K. could find itself hard pressed to replicate access to Asia’s lucrative markets — from New Zealand to India — should voters in the world’s fifth-biggest economy opt to leave the EU. With Asia accounting for two-thirds of global growth, the U.K.’s trade ties with the region are crucial for it. While some politicians such as Boris ...

  ARSAL, Lebanon / ap In a remote corner of Lebanon near the border with Syria, Lebanese troops have been quietly making steady progress, fighting against extremists holed up in the rugged mountains. It is a fight less visible than the US-led war against the IS group in Syria, Iraq and Libya. But hardly a day passes without army artillery ...

  Beirut, Lebanon / AFP Air strikes on the IS group’s de facto Syrian capital Raqa killed 25 civilians, six of them children, a monitoring group said on Wednesday. “Dozens more were wounded, some of them critically,” the Syrian Observatory for Human Rights said, adding it was not immediately able to determine who carried out the Tuesday raids. The Syrian ...

  United Nations / AFP The UN Security Council on Tuesday urged the international community to live up to its “moral and political obligation” to aid Iraqi civilians who fled an operation against the IS group in Fallujah. Council members “welcomed the successful counteroffensive” launched by Iraqi forces and coalition partners on May 22-23 to retake Fallujah, a key extremist ...

  Seoul, South Korea / AFP Nuclear-armed North Korea conducted two back-to-back tests of a powerful new medium-range missile on Wednesday, with both achieving a significant increase in flight distance over previous failed launches, South Korea’s Defence Ministry said. Both tests were believed to be of a much-hyped, intermediate-range Musudan missile — theoretically capable of reaching US bases as far away ...