Business News

HONG KONG (Reuters) — Seven companies have bid for new casino licenses in the world’s biggest gaming hub, with new contracts set to start at the beginning of 2023, Macau’s government said on Wednesday. Macau, a special administrative region of China, is the only place in the country whe…

WASHINGTON (Reuters) — Federal Reserve officials adjourned their July 26-27 policy meeting with an unusually long eight-week break before their next gathering, sending a heavier-than-normal amount of U.S. data about inflation, jobs, and the economy to their in-boxes. The interlude, however, has bee…

(Reuters) — The Federal Reserve is seen delivering a third straight 75-basis point interest rate hike next week after a government report showed that consumer prices did not ease as expected in August, meaning more work ahead for the central bank as it fights decades-high inflation. Futures contrac…

Turnkey Solutions recently donated $1,000 to the CNMI Small Business Development Center’s SEED to Sail Program (Supporting Entrepreneurship and Economic Development). SEED to Sail is a guided experience for start-up and early stage businesses to create and present a pitch to support their applicati…

WASHINGTON (Reuters) — Monthly U.S consumer prices unexpectedly rose in August as declining gasoline prices were offset by gains in the costs of rent and food, giving cover for the Federal Reserve to deliver another hefty interest rate increase next Wednesday. The consumer price index gained 0.1% l…

SYDNEY (Reuters) — Asian share markets rallied on Monday on hopes a key reading on U.S. inflation will show some cooling, while the U.S. dollar was restrained by the risk of higher European interest rates and Japanese intervention. Holidays in China and South Korea made for slow trading, while trad…

MILTON KEYNES, England (Reuters) — Autonomous vehicle or AV startups have raised tens of billions of dollars based on promises to develop truly self-driving cars, but industry executives and experts say remote human supervisors may be needed permanently to help robot drivers in trouble. The central…

TOKYO (Reuters) — Bucking the age-old stereotype of hard-drinking college students, Manaka Okamoto considers the next day’s schedule before cracking open an alcoholic beverage. “If I have to get up early, and I think ‘Oh, I should hold off on drinking,’ then I go for a non-a…

TOKYO (Reuters) — Japan’s government must take steps as needed against excessive declines in the yen, deputy chief cabinet secretary Seiji Kihara said on Sunday, repeating authorities’ warnings about the currency’s slide to 24-year lows. “As for excessive, one-sided currency…

WILMINGTON, Del. (Reuters) — Elon Musk contended that Twitter Inc’s decision to pay millions of dollars to a whistleblower it had fired gives the world’s richest person another justification for terminating his $44 billion agreement to buy the social media company. In a Friday letter to…