Business News

WASHINGTON (Reuters) — Fourteen months after the pandemic triggered a national emergency, the final chapter of the U.S. economic recovery may begin this month, with rapid changes starting with the end of enhanced unemployment benefits in half the states and ending in the fall’s expected reope…

(MVA) — Over 100 tourism enthusiasts in the Marianas joined the Japan Saipan Travel Association or JSTA in its semi-annual cleanup on May 29, 2021, collecting approximately 600 lbs. of trash and marking one of the largest turnouts of volunteers in recent years. With the lull in tourism, this year’s…

 (Reuters) — Hotels, restaurants and other businesses are boosting pay as they try to rebuild their staffs and meet increasing demand from Americans ready to venture out as pandemic-related restrictions are lifted and more people are vaccinated. But it is unclear if the increases will be sufficient…

LONDON/WASHINGTON (Reuters) — U.S. Treasury Secretary Janet Yellen urged other rich nations on Saturday to keep up spending to support their economies even as the Covid-19 pandemic wanes, and said U.S. inflation this year would be elevated but transitory. Yellen told a news conference after G7 fina…

(MVA) —   A recent consumer survey conducted by the Marianas Visitors Authority in South Korea shows high demand for the Marianas among those planning to travel this year. The survey was conducted from April 16 to May 2 among 2,368 individuals in Korea who expressed the intent to travel in 2021.   …

RAROTONGA (Cook Islands News/Pacnews) — Tourism authorities are projecting visitor numbers to the Cook Islands to be between 50 and 60% of pre Covid-19 figures in the coming months. Cook Islands Tourism Australasia general manager Graeme West delivered the figures at a global breakfast update hoste…

(MVA) —  The Marianas Tourism Resumption Task Force announced the details of its Tourism Resumption Investment Plan or TRIP to stakeholders and the community on Tuesday, June 1, detailing a strategy that will maintain the destination’s high Covid-19 safety standards while also meeting key expectati…

SEATTLE/PARIS (Reuters) — Boeing Co CEO Dave Calhoun faces a multibillion-dollar dilemma over how to rebuild sales in its core airliner business that has sparked an internal debate and put the future of the largest U.S. exporter on the line, industry insiders say. Boeing is reeling from a safety sc…

SAN FRANCISCO (Reuters) — U.S. labor market signals are conflicting to an “unprecedented” degree, but those suggesting labor market slack should be given more weight than those pointing to tightness, according a paper published Monday by the San Francisco Federal Reserve Bank. The paper…

PARIS (Reuters) — Global airlines urged the G7 rich nations on Wednesday to agree to use more flexible data-based methods when deciding whether to keep borders closed in response to Covid-19, rather than maintaining blanket rules that disrupt travel. The head of the International Air Transport Asso…