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Credit Suisse, which was beset by problems long before the US bank failures, said Thursday that it would exercise an option to borrow up to 50 billion francs ($53.7 billion) from the central bank.

Credit Suisse shares soar after borrowing $54 billion from Swiss central bank

Credit Suisse’s shares have soared 30% after it announced it will move to shore up its finances by borrowing up to nearly $54 billion from the Swiss central bank.

Major oil project approval intensifies Alaska Natives’ rift
The Biden administration’s approval this week of the biggest oil drilling project in Alaska in decades promises to widen a rift among Alaska Natives.

California regulators could decide oil profits penalty
California Governor Gavin Newsom says he wants state regulators to decide whether to impose the nation’s first penalty on oil companies for price gouging.

Credit Suisse, battered lender, borrows $54 billion from Swiss central bank
Credit Suisse, the 166-year-old institution that was once an emblem of Swiss pride, is fighting for its life after investors dumped its stock and sent the price of insuring its debt against a default skyrocketing.

As food aid program winds down, another piece of the COVID-era safety net gets snipped away

Independent bookstores in the Boston area are seeing a veritable boom, with four new shops sprouting up in the Boston area since 2020, along with a flurry of outposts and several projects in the pipeline.

Where did all these bookstores come from?

Coolidge Corner in Brookline. The town is embroiled in a fierce debate over how to comply with a new state law that mandates more dense multifamily zoning in communities served by the MBTA.

In development-leery Brookline, an early test of the state’s multifamily housing law

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ON THE STREET

On the Street looks at the past, present, and future of neighborhoods in Greater Boston.

A heart sculpture on display near Framingham's downtown, with "welcome" written in a variety of languages.

Framingham is reinventing itself. Again.

Watch the video Framingham’s public schools offer a pipeline for inclusion Explore the full series

Unicorn Tracker

The Boston Globe’s tech unicorn tracker lists startups headquartered in Massachusetts that have a valuation of at least $500 million. A “unicorn” is a company with a valuation in excess of $1 billion.

TECH POWER PLAYERS 50

Explore the full list of CEOs, founders, and venture capitalists

The list is meant to convey the impact of honorees — in Boston and beyond — on technology and business.

Introducing the Globe’s Tech Power Players 50 — and how it came together

BOLD TYPES

Globe reporter Janelle Nanos sits down with leaders in the city’s business community to talk career paths, accomplishments, and visions for Boston’s future.

Bold Types | With SparkCharge, Josh Aviv is providing electric vehicle charging on-demand

Aviv is the founder and chief executive of Somerville-based SparkCharge, the world’s first mobile on-demand EV charging network. ( Producer & Editor: Anush Elbakyan, Producer & Reporter: Janelle Nanos, Camera & Editing: Chaney Carlson-Bullock Mikayla Litevich )

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More business headlines

TikTok remains extremely popular and is used by two-thirds of teens in the US. But there is increasing concern that Beijing could obtain control of American user data that the app has obtained.

TikTok dismisses calls for Chinese owners to divest in US

TikTok is dismissing calls for its Chinese owners to sell their stakes in the popular video-sharing app, saying such a move wouldn’t help protect national security. 10:31 p.m.

The old Straight Wharf Fish Store on Nantucket.

Nantucket billionaires, including Charles Schwab, battle proposed clam shack

Two local men are attempting to revive a popular fish market, riling the wealthy owners of neighboring waterfront cottages. On Wednesday night, the Select Board voted to approve the restaurant with certain conditions. 10:23 p.m.

The WHOOP sign in Kenmore Square (top left). The Wayfair office location on Boylston Street (top center). The lobby of the DraftKings Back Bay offices (top right). DataRobot's office in downtown Boston (bottom left). Cambridge software company HubSpot at the Boston Convention and Exhibition Center (bottom center). A 3-D printer at the Desktop Metal headquarters in Burlington (bottom right). All of these Boston-area tech companies have conducted layoffs in the last six months.

A running list of layoffs in the Boston-area tech sector

Dozens of companies have reduced their workforces, ranging from the regional offices of the tech giants to startups that have only been in a business a few years. 9:59 p.m.

Andrew Bialecki, the CEO and co-founder of Klaviyo, on Sept. 5, 2019.

In latest tech layoff, Boston firm Klaviyo slashes 140 jobs

Klaviyo, which makes analytics and communications tools for businesses, is the latest local tech company to whittle down its workforce. 9:58 p.m.

TikTok's Chinese ownership is drawing review by US authorities.

US demands TikTok’s Chinese owners sell ownership stakes or face ban

The controversial Chinese ownership of TikTok is drawing attention by US authorities. 8:34 p.m.

Protesters march during a demonstration in Lille, northern France, on March 15.

Macron’s pension plan advances despite strikes across France

Thousands of people angered over President Emmanuel Macron’s plan to raise the retirement age joined a national strike on Wednesday as a committee of lawmakers advanced the proposal. 8:08 p.m.

Honda recalling vehicles over seat belt latches

Stories you may have missed from the world of business. 7:18 p.m.

US approves $31b merger of two big railroads

Under the merger plan, Canadian Pacific, the sixth-largest freight railroad by revenue operating in the United States, agreed to buy the next-largest carrier, Kansas City Southern. 6:26 p.m.

Credit Suisse shares soar after borrowing $54 billion from Swiss central bank

Major oil project approval intensifies Alaska Natives’ rift
The Biden administration’s approval this week of the biggest oil drilling project in Alaska in decades promises to widen a rift among Alaska Natives.

California regulators could decide oil profits penalty
California Governor Gavin Newsom says he wants state regulators to decide whether to impose the nation’s first penalty on oil companies for price gouging.

Credit Suisse, battered lender, borrows $54 billion from Swiss central bank
Credit Suisse, the 166-year-old institution that was once an emblem of Swiss pride, is fighting for its life after investors dumped its stock and sent the price of insuring its debt against a default skyrocketing.

recommended business reads

As food aid program winds down, another piece of the COVID-era safety net gets snipped away

Where did all these bookstores come from?

In development-leery Brookline, an early test of the state’s multifamily housing law

Sign up for Trendlines

Framingham is reinventing itself. Again.

Unicorn Tracker

Explore the full list of CEOs, founders, and venture capitalists

Introducing the Globe’s Tech Power Players 50 — and how it came together

FROM OUR PARTNERS

More business headlines

TikTok dismisses calls for Chinese owners to divest in US

Nantucket billionaires, including Charles Schwab, battle proposed clam shack

A running list of layoffs in the Boston-area tech sector

In latest tech layoff, Boston firm Klaviyo slashes 140 jobs

US demands TikTok’s Chinese owners sell ownership stakes or face ban

Macron’s pension plan advances despite strikes across France

Honda recalling vehicles over seat belt latches

US approves $31b merger of two big railroads

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Credit Suisse shares soar after borrowing $54 billion from Swiss central bank

Major oil project approval intensifies Alaska Natives’ rift The Biden administration’s approval this week of the biggest oil drilling project in Alaska in decades promises to widen a rift among Alaska Natives.

California regulators could decide oil profits penalty California Governor Gavin Newsom says he wants state regulators to decide whether to impose the nation’s first penalty on oil companies for price gouging.

Credit Suisse, battered lender, borrows $54 billion from Swiss central bank Credit Suisse, the 166-year-old institution that was once an emblem of Swiss pride, is fighting for its life after investors dumped its stock and sent the price of insuring its debt against a default skyrocketing.

recommended business reads

As food aid program winds down, another piece of the COVID-era safety net gets snipped away

Where did all these bookstores come from?

In development-leery Brookline, an early test of the state’s multifamily housing law

Sign up for Trendlines

Framingham is reinventing itself. Again.

Unicorn Tracker

Explore the full list of CEOs, founders, and venture capitalists

Introducing the Globe’s Tech Power Players 50 — and how it came together

FROM OUR PARTNERS

More business headlines

TikTok dismisses calls for Chinese owners to divest in US

Nantucket billionaires, including Charles Schwab, battle proposed clam shack

A running list of layoffs in the Boston-area tech sector

In latest tech layoff, Boston firm Klaviyo slashes 140 jobs

US demands TikTok’s Chinese owners sell ownership stakes or face ban

Macron’s pension plan advances despite strikes across France

Honda recalling vehicles over seat belt latches

US approves $31b merger of two big railroads

Major oil project approval intensifies Alaska Natives’ rift
The Biden administration’s approval this week of the biggest oil drilling project in Alaska in decades promises to widen a rift among Alaska Natives.

California regulators could decide oil profits penalty
California Governor Gavin Newsom says he wants state regulators to decide whether to impose the nation’s first penalty on oil companies for price gouging.

Credit Suisse, battered lender, borrows $54 billion from Swiss central bank
Credit Suisse, the 166-year-old institution that was once an emblem of Swiss pride, is fighting for its life after investors dumped its stock and sent the price of insuring its debt against a default skyrocketing.