Business News

PARIS (Reuters) — The main risk to an otherwise upbeat global economic outlook is that the current inflation spike proves longer and rises further than currently expected, the OECD said on Wednesday. Global growth is set to hit 5.6% this year before moderating to 4.5% in 2022 and 3.2% in 2023, the …

GOVERNOR Ralph DLG Torres spoke with the business community on Wednesday during the Saipan Chamber of Commerce general membership meeting at Hyatt Resort Saipan. Ralph DLG Torres In his remarks, the governor addressed the concerns raised by the business community. “Community-based collaboration is …

(NMC) — Avis Rent A Car 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 50% discount on all medium sedan and SUV rentals. Avis Rent A Car join…

IN its 41 years of existence, Hyatt Regency Saipan has helped build a better life and a brighter future for its employees. Hyatt’s longest-serving employees have their own success stories to tell. One of them, Chef de Partie Renato Tabuena, who specializes in European cuisine and appetizers a…

(Press Release) — Kensington Hotel Saipan will once again provide the CNMI with outstanding service starting on Dec. 3, 2021. This includes a daily operation of ocean-view rooms, the main pool, the Infinity Pool, the indoor playground Kenny Play Deck, the OHAS Café, restaurant outlets including Mei…

HYATT Regency Saipan today, Wednesday, Dec. 1, 2021, is celebrating its 41 years of service, commitment and gratitude to the CNMI community. In October, the hotel and the Commonwealth government, through its Department of Public Lands, signed a new 40-year land lease agreement. Hyatt Director of Ro…

(Reuters) — Cryptocurrencies survived one of the largest market shocks since the earliest days of the pandemic last week, with El Salvador a notable dip buyer, while investors decided not to share Adidas’ excitement over a foray into the buzzy metaverse. El Salvador’s plans to build the…

TOKYO (Reuters) — Bank of Japan Governor Haruhiko Kuroda on Monday voiced confidence the country’s economy will overcome the impact of the coronavirus pandemic in coming months due to dramatic progress made in vaccinating the population. “I’m quite sure the Japanese economy would …

(Reuters) — The Omicron coronavirus variant kicked oil prices lower late last week and has sapped refining margins, but with crude futures rallying on Monday, the impact could be limited. Governments worldwide have imposed curbs on travelers to try limit the spread of Omicron, first detected in sou…

NEW YORK (Reuters) — Covid-19 has resurfaced as a worry for investors and a potential driver of big market moves after a new variant triggered alarm, long after the threat had receded in Wall Street’s eyes. Worries about a new strain of the virus, named Omicron and classified by the World Hea…