Business News

MANGILAO (UOG) — Three sustainability-focused business plans came out of the Startup Weekend Micronesia event hosted online from April 31 to May 2 by the University of Guam Entrepreneur Society student organization, UOG’s Center for Entrepreneurship and Innovation, and the Pacific Islands Sma…

(Tech Trek) — Oregon State University on the U.S. mainland has recently launched a research project to survey residents in various communities on their experiences with tourism in their towns.  Behind the research is former Saipan resident and OSU Professor Todd Montgomery. Montgomery is currently …

WASHINGTON (Reuters) — U.S. homebuilding fell more than expected in April, likely pulled down by soaring prices for lumber and other materials, but construction remains supported by an acute shortage of previously owned homes on the market. Housing starts tumbled 9.5% to a seasonally adjusted annua…

LONDON (Reuters) — Bitcoin rallied from a three-month low on Monday in a volatile session that saw investors initially selling and then buying cryptocurrencies in the wake of Tesla boss Elon Musk’s tweets about the carmaker’s bitcoin holdings. In his latest tweet, Musk said “Tesla…

(Reuters) — AT&T, owner of HBO and Warner Bros studios, and Discovery, home to lifestyle TV networks such as HGTV and TLC, said on Monday they will combine their content assets to create a standalone global entertainment and media business. Discovery President and Chief Executive David Zaslav w…

(Reuters) — United Airlines said on Monday it would add more than 400 daily flights to its July schedule and increase services to re-opened European destinations as easing pandemic restrictions spur summer travel demand. Summer travel bookings rose 214% from 2020 levels, the airline said, adding th…

WASHINGTON (Reuters) —  High unemployment. Rising prices. Gas lines. They’re a bad memory for Americans old enough to remember the 1970s —  but they’re also likely causing a few sleepless nights in the White House, as the United States’ economic recovery from the unprecedented cor…

ZURICH (Reuters) — A Swiss parliamentary committee will discuss the fallout from billions of dollars worth of losses at Credit Suisse amid risk-management failures, bringing political scrutiny to bear on the financial sector, a Sunday paper reported. “It’s the politicians’ turn on…

(Reuters) — Bitcoin rose 5.63 % to $49,337.72 by 0800 GMT on Sunday, adding $2,628.83 to its previous close. Bitcoin, the world’s biggest and best-known cryptocurrency is up 77.9% from the year’s low of $27,734 on Jan. 4, and down 24% from the year’s high of $64,895.22 hit on Apri…

TAIPEI (Central News Agency/Pacnews) — A travel bubble arrangement between Taiwan and its Pacific diplomatic ally Palau will remain in place, even though the Taiwanese carrier that operates flights destined for Palau is combating a pilot shortage caused by the Covid-19 pandemic, Deputy Transportati…