Business News

BEIJING (Reuters) — Growth in China’s services sector slowed sharply in June to a 14-month low, weighed down by a resurgence of Covid-19 cases in southern China, a private survey showed on Monday, adding to concerns the world’s second-largest economy may be starting to lose some momentu…

WASHINGTON (Reuters) — U.S. companies hired the most workers in 10 months in June, raising wages and offering incentives to entice millions of unemployed Americans sitting at home, in a tentative sign that a labor shortage hanging over the economy was starting to ease. The Labor Department’s …

THE CNMI Cannabis Commission issued a Marijuana Producer Class 1 license and a Marijuana Retailer license to Lumar, LLC dba CanaMariana’s on Friday, July 2 in the governor’s conference room. With the issuance of a retail license, local residents 21 and older can purchase marijuana legally over the …

An exciting time for Pacifica Insurance Underwriters Inc. health member Marc Venus, as he secures the winning prize of a pair of premium shoes through the company’s Shoe Giveaway campaign.  In partnership with the The Athlete’s Foot, Mr. Venus will also be given access to the MyFit foot analy…

(MVA) — Major South Korean travel agencies are lauding the safety measures and cleanliness of the CNMI as the destination launched a travel bubble with the Republic of Korea effective July 1, 2021.  A delegation from the CNMI led by Gov. Ralph DLG Torres met on Wednesday, June 30, 2021, with compan…

(NMC) — 360 Restaurant 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% off on food & drink purchase. The NMC ProaPerks program provide…

GENEVA (Reuters) —  International tourism arrivals are set to stagnate this year, except in some Western markets, causing up to $2.4 trillion in losses, a U.N. study said on Wednesday, adding the sector is not expected to rebound fully until 2023. Covid-19 vaccination and certificates are key to re…

(Reuters) —  The S&P 500 and the Nasdaq both registered record closing highs on Tuesday, lifted by Apple Inc and other technology stocks after an upbeat consumer confidence report. The S&P 500, helped by a jump in Morgan Stanley shares on news of a dividend increase, hit a record high for t…

BEIJING (Reuters) — Growth in China’s June factory activity dipped to a four-month low on higher raw material costs, a shortage of semiconductors and a Covid-19 outbreak in the major export province of Guangdong, amid wider supply chain disruptions in Asia. The chip supply crunch has hammered…

TOKYO (Reuters) — Japanese retail sales beat expectations in May as households loosened their purse strings, but underlying trends in consumption remain hostage to Covid-19-linked pressures and suggest the economic recovery will take time to gather steam. With Tokyo set to host the Olympic Games ne…