The maker of 215,000-euro ($219,460) Portofino and 1.6 million-euro Monza models will raise prices in the first quarter of next year, Chief Executive Officer Benedetto Vigna said on an earnings call Tuesday.

It’s the first time since early 2021 that the consumer price index headline reading was

Around 7,000 of Aviva’s lowest-paid employees were told last week they will get a payout of as much as £1,000 ($1,208), Aviva’s chief executive Amanda Blanc said in an interview with Bloomberg TV on Wednesday.

Pegged to the U.S. dollar since 1983, the Hong Kong dollar is usually a dull currency. Except when it isn’t, like this year. When the US Federal Reserve began raising interest rates in March to combat historically high inflation, fund outflows from the Hong Kong dollar market intensified as investors chased higher yields. Consequently, interbank liquidity -- the pool of Hong Kong dollars in the system -- shrank rapidly as the city fought to maintain the peg, drawing market attention and concern about the impact on the struggling local economy.

The

For wealthy Chinese looking to flee stifling pandemic lockdowns and political tensions, Portugal has a lot to offer. Mild weather, a laid-back and affordable lifestyle and investor visas that allow access to the whole European Union — all for as little as 350,000 euros.

It’s a pitch that’s lured thousands of Chinese over the past decade, helping to reshape Portugal’s urban landscape as part of a tide of new money that reached $1 billion annually at its peak in 2014.

Ukraine’s inflation accelerated for a sixth consecutive month, fueled in part by the central bank’s decision to devalue the currency to shore up the nation’s war-battered economy.  

Consumer prices surged by 22.2% in July from the previous year, compared with 21.5% in the previous month, official data published Wednesday showed. That’s below the 23.2% median estimate of five economists surveyed by Bloomberg. 

The Democrats’ long-sought tax and energy legislation finally passed by the Senate is a critical breakthrough in America’s effort to meaningfully reduce greenhouse-gas emissions. That’s the good news. More worrisome is what the bill fails to do to limit fugitive methane from oil and gas production.

The legislation would levy fees on producers that fail to plug leaks in drilling operations and pipelines. But this provision contains a dangerous loophole: Any methane leaking from operations that otherwise comply with pending regulations from the Environmental Protection Agency are to be exempt. Unfortunately, the EPA’s proposed rules allow enormous volumes of fugitive methane.

Temperatures in Europe are climbing again as another heat wave sweeps the continent, threatening to disrupt travel and business and ratcheting up pressure on the region’s strained power infrastructure.

The mercury in Paris will likely reach 33 degrees Celsius (91 Fahrenheit) on Wednesday and rise further in the following days, according to forecaster Maxar Technologies LLC. Frankfurt and London will also see temperatures in the 30s, boosting demand for cooling and exacerbating bone-dry conditions that have prompted

The Rhine River is set to become virtually impassable at a key waypoint in Germany, as shallow water chokes off shipments of energy products and other industrial commodities along one of Europe’s most important waterways.

The marker at Kaub, west of Frankfurt, is

The new facilities provide 2,000 beds in the capital, Lhasa, and 1,000 in the city of Shigatse. After living most of the pandemic virtually virus-free, Tibet reported 28 new cases for Tuesday and has imposed a partial lockdown of Lhasa -- including the famed

Donald Trump said he will be questioned Wednesday by the New York attorney general, who is probing potentially fraudulent asset valuations by his company. 

In a post on his Truth Social media account, Trump said his “great company, and myself, are being attacked from all sides.” The deposition -- which had been

Republicans on the Senate Banking Committee are vowing to pursue legislation mandating more transparency from the Federal Reserve after learning the central bank had documents regarding former Fed nominee Sarah Bloom Raskin that the bank never divulged to Congress.

In a letter sent Tuesday to Fed Chair Jerome Powell, 11 GOP members of the committee complained the bank never complied with a February request by ranking Republican Pat Toomey for correspondence about Reserve Trust, a fintech firm that received a Fed master account while Raskin, an ex-Fed governor, served as a company director. 

The relentless decline in China’s short-term rate swaps fueled by bets on persistently abundant liquidity may be about to end, according to Citigroup and Morgan Stanley strategists, who recommend clients to position for a flatter curve.

The difference between one- and three-year non-deliverable China interest-rate swaps expanded to 30 basis points Tuesday, the widest since 2017. Driven by low funding costs for banks during the pandemic, the spread is approaching the top of the range since China adopted the current monetary framework and started to set policy rates on a series of open-market tools as anchors in 2016, according to Citigroup.

Coal’s remarkable rise from a fuel left for dead to one of the world’s hottest commodities is likely to last for years.

Europe’s plans to wean itself off Russian fuels will support the coal market in two distinct ways, both of which should keep prices of seaborne cargoes inflated for the near future, according to Fitch Solutions analysts. 

Investors are scouring the wreckage of the UK bond market for bargains, wagering the worst selloff since the global financial crisis has run too far.

By June 21, with surging inflation raising the likelihood the country would pitch into a prolonged recession, yields on sterling-denominated investment-grade corporate bonds had risen almost 250 basis point for the year to 4.5%, their highest level for a decade, according to Bloomberg indexes.

A drop in Swedish apartment prices picked up speed last month, adding to evidence that the property market in the largest Nordic nation is floundering.

The average cost was 4% lower in July than the previous month, marking the fastest decline since before the pandemic, according to data published on Wednesday by Svensk Maklarstatistik. House prices fell 1% from June.  

The Marlboro maker said discussions with the authorities in Brussels indicated they won’t complete a review of the proposed deal before Sept. 30, when the bid was due to expire.

For Louisiana Francois, who sank $10,000 into what prosecutors say was a Ponzi-like crypto scheme, driving four hours from her home outside Boston to watch the man who allegedly took her money appear in court was an easy call.

But she didn’t go to condemn him. She went to cheer him on.

Thailand’s central bank raised the benchmark policy rate for the first time in more than three years, and signaled sticking with measured moves going forward to fight inflation without derailing the economy’s recovery.

The bank’s monetary policy committee on Wednesday decided to increase the one-day repurchase rate by 25 basis points to 0.75% as forecast by 24 of 27 economists in a Bloomberg survey. The remaining three had predicted a 50-basis-point hike. The rate was

Consumer prices rose 6.8% in July from a year earlier, the fastest pace since July 1988, according to data from Statistics Norway on Wednesday. Underlying inflation, the measure followed by the central bank, rose to an annual 4.5% -- the highest on record. The median estimate in the analyst poll for core price growth was 3.8%, while Norges Bank had projected a pace of 3.2%.

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Inflation in urban parts of Egypt quickened after a month of cooling off, as rising food prices and a local hike in fuel costs added more pressure to consumers in the largest Arab nation.

While Hong Kong’s main airline said Wednesday its first-half net loss narrowed to HK$5.3 billion ($675 million) from HK$7.9 billion a year earlier, Tang said in an internal staff memo seen by Bloomberg that the financial hub is taking longer than other cities to see a travel recovery.