At Brioche Pasquier’s 240,000 square feet factory about an hour away from London, every roll that comes out of giant gas-fired ovens now costs at least 50% more to make.

From butter to eggs and sugar, most of the raw materials the French baker uses to make croissants, brioches and pains au chocolat had already increased in price as commodities rallied over the past year. But the company is now also contending with soaring energy bills.

Nurses will start voting next month on whether to strike over pay in what is being described as a "defining moment" for the profession.

The Royal College of Nursing (RCN) said it will be recommending hundreds of thousands of its members support industrial action in a ballot that opens in mid-September.

Recep Tayyip Erdogan is getting a boost from Russia’s Vladimir Putin at a crucial time for Turkey’s powerful president.

Erdogan’s four-hour meeting with Putin in Sochi last week resulted in an understanding that allows Turkey to ditch dollars for some of its imports.

Cuba was forced to take one of its largest power plants off line Monday due to the massive fire at the Matanzas fuel depot, deepening an already severe energy crisis on the Caribbean island. 

The Ministry of Energy and Mines said it had disconnected the 200 MW Antonio Guiteras thermoelectric plant from the grid due to a lack of water. Cuba’s Communist Party -- a government mouthpiece -- said the fire at the nearby Matanzas industrial complex had interfered with water delivery to the plant. 

Dallas (AP) -- A Southwest Airlines flight attendant suffered a compression fracture to a vertebra in her upper back during a hard landing last month in California, according to federal safety investigators.

The National Transportation Safety Board said the impact of landing was so hard that the flight attendant thought the plane had crashed. She felt pain in her back and neck and could not move, and was taken to a hospital where she was diagnosed with the fracture.

Electric vehicles sales in China are forecast to hit a record 6 million this year as the cleaner cars.  

The China Passenger Car Association raised its estimate from 5.5 million, after releasing data showing deliveries of new-energy vehicles more than doubled in July to around 486,000 units -- accounting for 26.7% of the new auto market. Overall passenger vehicle sales rose 20% from a year earlier to 1.84 million units, the PCA said Tuesday.  

The Philippines’ economic expansion was slower-than-expected in the second quarter as the fastest inflation in almost four years hurt consumption, which is a key growth driver. 

Gross domestic product grew 7.4% in the three months through June from a year ago, the Philippine Statistics Authority said Tuesday, slowing from 8.2% in the first quarter and compares with an 8.4% median estimate in a Bloomberg survey. 

Thailand plans to overhaul its digital rules to confer more powers on the central bank and tighten the oversight of platforms offering cryptocurrencies and other tokens after a recent market rout left retail investors reeling from losses.

The planned amendments to the regulations will “bring the central bank to be part of it,” Finance Minister Arkhom Termpittayapaisith said in an interview. The Securities & Exchange Commission, which currently has the sole mandate to supervise the industry under the rules passed in 2018, has been asked to take the lead on the overhaul, he said.

Hong Kong may consider waiving extra stamp duty on homes for mainland Chinese buyers as a way to shore up the economy and reverse a brain drain, according to a top adviser to Hong Kong’s leader. Local property developer shares rallied.

“Mainland professionals have been clamoring for the double stamp duty to be waived for them, even before they acquire the right of abode,” Regina Ip, convenor of the government’s advisory Executive Council, told Bloomberg Television on Tuesday. “It is all a raft of measures under consideration and this is certainly something that the government could consider.”

User reports of issues with the service began inundating Downdetector, an outage-tracking service focused on the US, from around 9 p.m. New York time on Monday and numbered more than 40,000 an hour later. Problems loading the Google website and performing searches were also observed in Taiwan and Japan, though the services appeared to be intermittently available.

At least seven people were killed and six people missing after one of the heaviest rain storms in 80 years in Seoul dumped as much as 141 millimeters (5.5 inches) of water an hour in parts of the South Korean capital, flooding streets, subway stations and snarling the morning commute.

The torrential rains that started on Monday and went into Tuesday also caused flooding in parts of the city center, turning some parking lots into ponds. Train and subway services were suspended on several lines, while numerous businesses asked their employees to work from home.

When investor demand for Chinese property debt was approaching its peak back in 2018, a banker could pull together the makings of a multi-million dollar deal during a Saturday boat trip around Hong Kong’s harbor and barely look up from her drink while doing it.

Now, the $203 billion market—which once yielded several deals a week and padded portfolios across the world from Pimco to UBS—is all but dead. And offshore investors are swallowing almost all of the losses. 

More Asian governments are putting prices on emissions to try and curb global warming, but the region’s carbon markets and taxes are mostly off to slow and disappointing starts. 

Carbon prices in China and South Korea are at just fractions of where they are in the European Union and also well below levels estimated to have a meaningful impact on the climate, while taxes in Japan and Singapore have been set at very low levels. That suggests these markets -- at least at their current trajectories -- aren’t going to be sufficient to change the behavior of polluting industries or help countries reach their net zero goals.

Before this week, you probably had never heard of AMTD Digital Inc., the firm that got so big that its market cap surpassed that of giants like Goldman Sachs Group Inc. and Bank of America Corp. Here’s all you need to know. 

AMTD Digital describes itself as a developer of digital businesses in Asia, primarily using its parent company's

His sudden exit, announced late Sunday, follows tensions with the company’s old guard and a stretch in which Carlyle’s shares trailed its peers. Co-Founder Bill Conway, currently the non-executive co-chairman, will step in as interim CEO during the search for a successor.