Business

(Reuters) — Liz Truss will see Queen Elizabeth at Balmoral Castle Tuesday morning to form her government. She does so with energy prices soaring and her narrow victory in the Conservative Party’s leadership vote extending a record meltdown in the gilt market. The next few weeks are crucial if…

SYDNEY (Reuters) — Asian shares slipped on Monday while the euro took a fresh spill after Russia shut a major gas pipeline to Europe, leading some governments there to announce emergency measures to ease the pain of soaring energy prices. The euro was down 0.4% at $0.9908 and looking likely to test…

KUALA LUMPUR (Reuters) — Oil prices jumped over $1 a barrel on Monday, extending gains as investors eyed possible moves by OPEC+ producers to cut output and support prices at a meeting later in the day. Brent crude futures rose $1.88, or 2%, to $94.90 a barrel by 0345 GMT after gaining 0.7% on Frid…

CERNOBBIO, Italy (Reuters) —Italy cannot afford weeks of political inertia after an election this month, business chiefs said, adding that sky-high energy prices are already forcing more and more firms to curtail production. Gathered on the shores of Lake Como for the annual Ambrosetti Forum this w…

SYDNEY (Reuters) — The Australian government favors lifting the income threshold for some temporary migrants, Skills and Training Minister Brendan O’Connor said on Sunday, as it works to tackle widespread shortages of workers. The issue of skilled migration was a focus at this week’s go…

NEW YORK (Reuters) — Fresh volatility in U.S. stocks is pushing some investors to hunker down in areas of the market that have been relatively strong during a brutal year for equities, including energy shares, defensive names and dividend-payers. The S&P 500 is down 9% since mid-August, partial…

(Reuters) — Federal Reserve officials have acknowledged that the battle against inflation will be paid for with lost jobs, and the U.S. central bank will need an unlikely combination of events to keep those losses to a minimum as interest rates continue to rise. Economists assessing the trade-off f…

SINGAPORE/TOKYO (Reuters) — The dollar rose broadly on Thursday, particularly against the yen, as investors braced for higher U.S. interest rates while expecting anchored Japanese rates to go nowhere anytime soon. The greenback hit a 24-year high of 139.69 against the yen in early Asia trade, a gai…

SALT & Barber Saipan 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 a 10% discount on all services plus a 10% discount on retail products w…

SYDNEY (Reuters) — A blowout in visa processing times in Australia has left about a million prospective workers stuck in limbo, worsening the acute staff shortages that have crippled businesses and dampened economic sentiment. Strict border controls for two years and an exodus of holiday workers an…