Herald section
The latest business reporting from The Belfast Herald.
A Belize-flagged vessel carrying wheat left Chornomorsk port in Ukraine on 12 August 2022, marking the first export of Ukrainian grain under a U.N.-brokered agreement to restore Black Sea grain exports.
The closure follows ePizza SpA's bankruptcy filing, which cited pandemic-related financial damage and increased competition from local restaurants using delivery apps.
Russian state pipeline operator Transneft reported that oil flows through the Druzhba pipeline to the Czech Republic, Slovakia and Hungary were suspended due to unpaid transit fees. The halt followed an inability to process payments through European banks under new sanctions.
The Bank of England increased its benchmark interest rate to 1.75% on 4 August 2022, marking the largest single rise since 1995 amid rising inflation and recession risks.
The Razoni ship left Odesa carrying over 26,000 tons of corn bound for Lebanon, following a UN- and Turkey-brokered agreement between Ukraine and Russia to enable grain exports from Black Sea ports.
The U.S. Congress passed the Chips and Science Act of 2022, allocating over $52 billion for semiconductor manufacturing and scientific research, with the bill advancing to President Joe Biden for signature.
Officials from the United States and the Taliban have exchanged proposals regarding the release of billions of dollars held in Afghan central bank reserves abroad into a trust fund.
Leaked documents indicate French President Emmanuel Macron engaged in actions that supported Uber's operations in France, including attempts to influence regulatory decisions. The evidence shows direct contact between Uber executives and Macron's office during enforcement actions.