Herald section
The latest business reporting from The Belfast Herald.
Argos will close all its stores in the Republic of Ireland by 24 June 2023, resulting in 580 job losses. The company cited the lack of viability in investing to modernise operations as the reason for the closure.
The World Tourism Organization reported a doubling of international tourist arrivals in 2022, attributing the rise to eased pandemic travel restrictions, particularly in China, though recovery remains uneven across regions.
The National Institute of Statistics and Census of Argentina records a 94.8% inflation rate for its economy in 2022, the highest since 1991.
The government has ordered all shopping malls and retail markets to close by 8:30 p.m. (PKT) daily as part of an energy conservation plan to address rising energy costs and economic pressures.
Uzbekistan announces a nearly $1 billion loan from the two main World Bank lending institutions, aimed at supporting the country's transition to a private sector-led economy.
The Royal College of Nursing initiates the largest strike in NHS history, driven by a dispute over a proposed 19% pay rise. The action affects hospitals, community teams, and health boards across England, Wales, and Northern Ireland.
The Department for Levelling Up, Housing and Communities has approved the Woodhouse Colliery in Cumbria, marking the first new coal mine in the UK in three decades. The project is expected to operate for up to 50 years and create 500 direct and 1,500 indirect jobs.
The 1,574th and last Boeing 747, an Atlas Air 747-8 Freighter, exited the Boeing Everett Factory after a production run spanning over 50 years.