Sunak cancels HS2 Phase 2 following Conservative conference speech
Prime Minister Rishi Sunak announced the cancellation of the northern leg of HS2 during a speech at the Conservative conference on 4 October 2023.
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Business
The latest business reporting from The Belfast Herald.
Saudi Arabia's GDP exceeds $1 trillion
Saudi Arabia's gross domestic product has surpassed $1 trillion, according to a report by the Federation of Saudi Chambers released on 24 September 2023.
RCM members strike over pay and maternity care in Northern Ireland
Midwives and maternity support workers across Northern Ireland conducted a 24-hour strike on 22 September 2023 over unresolved pay disputes and concerns about maternity service safety.
Rupert Murdoch steps down as chairman of Fox Corp and News Corp
Rupert Murdoch has announced his retirement as chairman of Fox Corporation and News Corp, with Lachlan Murdoch set to become sole chairman of both companies.
Libya's central bank reunifies after nine years of division
The Central Bank of Libya has announced its reunification following a meeting in Tripoli between the governor and his eastern deputy, marking the end of a decade-long split caused by the Second Libyan Civil War.
Protests erupt in Al-Suwayda over fuel subsidy cuts and economic collapse
Protests began in Al-Suwayda on 20 August 2023 amid rising anger over fuel price hikes and worsening economic conditions, with demonstrators demanding improved living standards and government accountability.
IEA raises 2023 oil demand forecast to record 102.2 million barrels per day
The International Energy Agency revised its 2023 global oil demand forecast upward to 102.2 million barrels per day, citing strong summer travel, power generation use, and Chinese petrochemical activity.
Saudi Arabia extends voluntary one million bpd oil cut for September
Saudi Arabia extends its voluntary oil production cut of one million barrels per day for another month, maintaining daily output at approximately nine million barrels. The move supports oil market stability and follows a prior OPEC+ agreement.