Business News

Rota leaders take Hafa Adai & Tirow pledge

(MVA) — On the heels of a similar signing ceremony in Tinian last week, government and business leaders of Rota are the latest to join the Hafa Adai & Tirow  Pledge  program,  vowing  to  help  promote  the  indigenous  Chamorro  and  Carolinian cultures of the Marianas. On Monday, June 21, May…
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Majesty Chinese Restaurant closes for renovation

MAJESTY Chinese Restaurant temporarily closed on Thursday for renovation. The restaurant on Beach Road in Garapan announced that in an effort to serve its customers better, it will be closed from June 24, 2021 to June 30, 2021. Then, it will tentatively reopen on July 1, 2021. The restaurant manage…
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Manufacturers have an answer to higher costs: Pass them on

CHICAGO (Reuters) — In 2018, Whirlpool Corp swung to a loss after a tariff-fueled rally in U.S. steel prices drove up its raw-materials costs. This year, it is paying $1 billion for steel and other materials, but the West Michigan appliance maker is on track to post its highest profit in decades. T…
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G20 to endorse deal on global minimum corporate tax: draft

BRUSSELS (Reuters) — The world’s financial leaders will endorse on July 9-10 a deal setting a global minimum corporate tax and call for technical work to be finished so they can approve the framework for implementation in October, their draft communiqué showed. “After many years of disc…
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Bitcoin tumbles 10% in wake of deepening China crackdown

TOKYO (Reuters) — Bitcoin tumbled almost 10% on Monday as recent volatility in the cryptocurrency market showed no signs of dampening down, with market players citing jitters over China’s expanding crackdown on bitcoin mining in thin liquidity for the losses. Bitcoin fell as low as $32,094 to…
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