Business News

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…

(Reuters) — Tesla Inc boss Elon Musk denounced the “insane” amount of energy used to produce bitcoin on Thursday, doubling down on his sudden rejection of the cryptocurrency as a means of payment over environmental concerns. Bitcoin fell more than 10% after Musk, one of its most famous backers, twe…

(NMC) — JC Café  on Tinian 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 10% off on food and drinks. The NMC ProaPerks program provides exclus…

WEST COVINA, Ca. (USDOL) —  Garment industry workers have too often fallen victim to employers who fail to pay these vulnerable workers all of the wages they have legally earned. A recent U.S. Department of Labor Wage and Hour Division investigation found a Los Angeles garment contractor continuing…

BRUSSELS (Reuters) —  Amazon won its fight against an EU order to pay about 250 million euros ($303 million) in back taxes to Luxembourg in another blow to competition chief Margrethe Vestager’s crusade against preferential deals. The bloc failed to show that Luxembourg had given the U.S. onl…

WASHINGTON (Reuters) — U.S. consumer prices increased by the most in nearly 12 years in April as booming demand amid a reopening economy pushed against supply constraints, which could fuel financial market fears of a lengthy period of higher inflation. The report from the Labor Department on Wednes…

LONDON (Reuters) — Alphabet Inc’s Google has launched international money transfer partnerships with remittances firms Wise and Western Union Co for users of its U.S. payments app, the companies said on Tuesday. Google Pay users in the United States can now transfer money to app customers in …

(IT&E) — A monthly discount for Internet and Data-only plans is now available at IT&E to assist those who have been negatively impacted financially due to the pandemic. The discount is offered through the Emergency Broadband Benefit or EBB Program launched by the Federal Communications Comm…

WASHINGTON (Reuters) — If the coronavirus pandemic produced its own brand of anxiety for American workers trying to stay healthy while balancing job and family demands, the coming return to “normal” will pose a new set of challenges. Like whether to first try to claw back all the free h…

LONDON/SINGAPORE (Reuters) — Cryptocurrency ethereum broke $4,000 for the first time on Monday, climbing to a new peak for a third day in a row on bets it may find new uses, although some analysts said it was overvalued at current levels. Ethereum, the second-largest coin by market capitalization, …