Business News

THE Hotel Association of the Northern Mariana Islands reported 24% average occupancy rate among its 12 member hotels for February 2022, compared to 5% average occupancy in February 2021. A total of 9,767 of 41,093 available room nights sold during February 2022, compared to 1,853 of 34,849 availabl…

(Reuters) — Wall Street’s main indexes fell sharply on Monday, with the Nasdaq Composite confirming it was in a bear market, as the prospect of a ban on oil imports from Russia sent crude prices soaring and fueled concerns about rising inflation. Nasdaq ended down 20.1% from its Nov. 19 recor…

DUBLIN (Reuters) — Western countries could face oil prices of over $300 per barrel and the possible closure of the main Russia-Germany gas pipeline if governments follow through on threats to cut energy supplies from Russia, a senior minister said on Monday. Oil prices spiked to their highest level…

(Reuters) — Russia’s invasion of Ukraine has dashed any hope U.S. consumers might have had for relief from sky-rocketing inflation, with gasoline prices in the last week surging by the most in nearly 17 years and costs of other goods like food ready to march higher as well. Even before the in…

LONDON (Reuters) — Oil prices are set to surge further this week due to delays to the conclusion of Iranian nuclear talks and the potential return of Iranian crude to global markets, which are already suffering from Russian supply disruptions, analysts said. Russia has raised fresh demand for writt…

CORFU, Greece (Reuters) —  It took one electricity bill to crush Dimitris Diavatis’ hopes that his Greek summer resort could bounce back to its pre-pandemic health this year, even with bookings pouring in. The amount was more than double what he paid this time last year when the hotel was not…

PACIFIC Islands Club Saipan, an ocean-front resort just minutes away from Francisco C. Ada/Saipan International Airport, is back in business. This tropical getaway, complete with beach activities, a water park, and a variety of dining options, is a popular destination for travelers and residents al…

(NMC) — Tom Yum Restaurant and Bar is the latest company 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. Tom Yum Restaurant and Bar serves Thai cuisin…

A KARAOKE competition will be the highlight of the sixth anniversary celebration of 9-Eleven Resto Bar in San Jose on Saturday, March 5. 9-Eleven owner Edwin Maratas said none of those who competed last year are performing on Saturday. “We’ll have new contestants,” he added. Maratas said they launc…

HONG KONG (Reuters) — Casino companies in Macau will have their licenses extended by six months, public broadcaster TDM reported on Thursday, citing a city official, allowing more time for a highly anticipated rebidding process in the world’s biggest casino hub. Economy and Finance Secretary …