Business News

(Reuters) — For much of the global economy, 2023 is going to be a tough year as the main engines of global growth — the United States, Europe and China — all experience weakening activity, the head of the International Monetary Fund said on Sunday. The new year is going to be “tougher than th…

(BoG) — The Viddy Awards, formerly the Videographer Awards, is one of the most coveted awards in the video industry. Since 1995, thousands of production and communication professionals from various industries have entered their best and most creative work. The goal of the Viddy Awards is to identif…

(Reuters) — Southwest Airlines came under fire from the U.S. government on Tuesday after it canceled thousands of flights, and its boss, Bob Jordan, said the low-cost carrier needed to upgrade its legacy airline systems. U.S. airlines have canceled thousands of flights as a massive winter storm swe…

HONG KONG (Reuters) — Stock markets gained while the U.S. dollar softened on Tuesday after China said it would drop its quarantine requirements for inbound visitors, further easing three-year border controls aimed at curbing Covid-19. China will stop requiring inbound travelers to go into quarantin…

(Reuters) — U.S. retail sales rose 7.6% between Nov. 1 and Dec. 24, which encompasses a majority of the holiday season, as steep discounts lured deal-hungry consumers, a Mastercard report showed on Monday. The increase is higher than the 7.1% growth Mastercard had forecast in September, when it ant…

LONDON/SYDNEY (Reuters) — A short-lived bounce for global stocks faded on Thursday, as easing U.S. inflation expectations were overshadowed by fears about an economic downturn. Futures markets indicated Wall Street’s benchmark S&P 500 share index would drift 0.2% lower at the opening bell…

(MVA) —  According to the Marianas Visitors Authority, arrivals to Saipan, Tinian and Rota grew 340% to 10,916 visitors in November 2022, compared to 2,482 visitors received in November 2021. Visitor arrivals to the Marianas are still 73% lower compared to before the coronavirus pandemic, when 39,7…

(Reuters) — Bitcoin staggered into 2022. It ends the year slumped in an alleyway, robbed of its cocktail of cheap money and leveraged bets, shunned by the establishment. The preeminent cryptocurrency has lost 60% of its value, while the wider crypto market has shrunk by $1.4 trillion, squashed by r…

(Reuters) — Twitter users voted in a poll for Elon Musk to step down as chief executive of the social media platform, in a backlash against the billionaire less than two months after he took over. About 57.5% votes were for “Yes,” while 42.5% were against the idea of Musk stepping down …

(Reuters) — Elon Musk’s team has reached out to investors to raise new funds for his struggling social media platform Twitter, one of the investors said. Ross Gerber, president and CEO at Gerber Kawasaki Wealth & Investment Management, told Reuters that he was contacted by a Musk representative…