Business News

(Northern Marianas Airways LLC) — The CNMI may soon have its own, Saipan-based, international airline if plans by MP Enterprises come to fruition according to the company’s president, Keith Stewart.   MP Enterprises also recently established the CNMI’s newest successful domestic operator, Marianas …

(NMC) — Marine recreation company Time Creation Corporation is the latest business to sign on as a Northern Marianas College ProaPerks Partner, joining many other businesses and organizations. All card-carrying members of the NMC ProaPerks program can now receive a 10% discount on Managaha boat tra…

WASHINGTON (Reuters) — U.S. consumer prices increased more than expected in September as rents surged by the most since 1990 and the cost of food also rose, reinforcing expectations the Federal Reserve will deliver a fourth straight 75-basis-point interest rate hike next month. The report from the …

(MVA) —  On Friday, Oct. 7, the Marianas Visitors Authority was named as the global  recipient  of 2022 Pacific Asia Travel Association or PATA Gold Award for Tourism Destination Resilience. The award  announcement  was made as part of the PATA Gold Awards 2022 ceremony recognizing  the best in mar…

WASHINGTON (Reuters) — Federal Reserve officials agreed they needed to raise interest rates to a more restrictive level — and then maintain them there for some time — to meet their goal of lowering “broad-based and unacceptably high” inflation, a readout of last month’s policy mee…

(HANMI) —  The Hotel Association of the Northern Mariana Islands reported a 21% average occupancy rate among its 12 member hotels for September 2022, compared to 26% average occupancy in September 2021. Although the average percentage rate is slightly lower than a year ago, the actual number of roo…

WASHINGTON (Reuters) — A U.S. Department of Labor rule proposed Tuesday would make it more difficult for companies to treat workers as independent contractors, a change that is expected to shake up ride-hailing, delivery and other industries that rely on gig workers. Gig company stocks were hammere…

LONDON (Reuters) — European stock markets struggled to recover from recent lows on Wednesday while sterling regained some ground after hitting a 13-day low overnight as the Bank of England reiterated that it would end its emergency bond-buying at the end of the week. Global equity markets have fall…

(Reuters) — Meta Platforms unveiled its Quest Pro virtual and mixed reality headset on Tuesday, marking a milestone for Chief Executive Mark Zuckerberg’s break into the higher-end market for extended reality computing devices. The headset, introduced at Meta’s annual Connect conference,…

LONDON (Reuters) — World stocks headed back towards their lowest levels in almost two years on Tuesday, with sentiment weighed down by unease about rapidly rising interest rates, an escalation in the Ukraine war and China stepping up pandemic measures. There was some respite for Britain’s bat…