Herald section
The latest business reporting from The Belfast Herald.
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.
Net migration to the UK reached 504,000 in the year to June 2022, according to the Office for National Statistics, driven by non-EU migration, refugee arrivals, and post-pandemic travel resumption.
Russia's economy entered a recession as gross domestic product fell by four percent in the third quarter, according to Rosstat. The contraction follows a similar drop in the second quarter.
Georgia is experiencing a 10% growth in economic output for 2022 due to an influx of over 100,000 Russians fleeing conflict and mobilisation, boosting consumption and investment.
Inflation in Australia reached 7.3% annually in the September quarter, the highest since 1990, driven by soaring energy prices and sustained interest rate increases.