Business

BIRMINGHAM, England (Reuters) — British Prime Minister Liz Truss was forced on Monday into a humiliating U-turn after less than a month in power, reversing a cut to the highest rate of income tax that helped spark turmoil in financial markets and a rebellion in her party. Finance minister Kwasi Kwa…

TOKYO (Reuters) — Japanese manufacturer’ business mood worsened in the three months to September and corporate inflation expectations hit a record high, a central bank survey showed, as stubbornly high material costs clouded the outlook for the fragile economy. Corporate capital expenditure p…

PTI Pacifica Inc., which does business as IT&E, announced Monday that it has won nine licenses from the Federal Communications Commission to operate on the 2.5 gigahertz or GHz spectrum in Guam and the CNMI. This means that IT&E will be able to offer wireless services on this spectrum to co…

BIRMINGHAM, England (Reuters) — British Prime Minister Liz Truss tried to reassure her party and the public on Sunday by saying she should have done more to “lay the ground” for an economic plan that saw the pound fall to record lows and government borrowing costs soar. On the first day…

(CNMI DOL) — The CNMI Department of Labor’s Workforce Investment Agency renewed its agreement with the Hawai’i Job Corps during a  site  visit  to the Waimanalo  Center.  The signing  was witnessed by the CNMI DOL and Finance, who also attended the Workforce Convening with USDOL Region 6 and Waiman…

TOKYO (Reuters) — Japan spent up to a record 2.8 trillion yen ($19.7 billion) intervening in the foreign exchange market last week to prop up the yen, Ministry of Finance data showed on Friday, draining nearly 15% of funds it has readily available for intervention. The figure was less than the 3.6 …

AFTER being credited with introducing and helping to launch the CNMI’s first cybersecurity operation through their partnership with InteliSecure Inc., the Latte Training Academy Inc. realized the power of creating employment opportunities within the CNMI. Building off their success, the organizatio…

SYDNEY (Reuters) — Asian share markets rose on Thursday after Britain’s central bank launched an emergency bond buying program to stabilize a furious sell-off in gilts, though trade was skittish and sterling remained under pressure. The Bank of England said it will buy as much as £5 billion (…

SAN FRANCISCO/NEW YORK/LONDON (Reuters) — In the weeks before heading to San Francisco for their vacation this month, Jeff Skipper and his wife Valerie, from the United Kingdom, watched helplessly as the U.S. dollar continued its meteoric rise against the British pound. The sterling/dollar exchange…

SINGAPORE (Reuters) — Nervous financial markets propelled the safe-haven dollar to a fresh two-decade peak on Wednesday as rising global interest rates fed recession worries, while sterling languished near all-time lows on fears over Britain’s radical tax cut plans. The U.S. dollar index agai…