Business

MADRID (Reuters) — World Bank chief economist Carmen Reinhart said she is skeptical that the U.S. and global economies can dodge a recession, given spiking inflation, sharp hikes in interest rates and slowing growth in China. Reinhart, who returns to Harvard University on July 1 after a two-year pu…

(Reuters) — Investors in ether and its troubled twin stETH are nervously anticipating a crypto milestone: The merge. That’s the name for a major upgrade of the Ethereum blockchain network upon which many crypto projects are built, aimed at making it leaner, meaner and cleaner. It’s elus…

BEIJING (Reuters) — China will roll out tools in its policy reserve in a timely way to cope with more economic challenges, as Covid-19 outbreaks and risks from the Ukraine crisis pose a threat to employment and price stability, a state planner official said on Tuesday. Activity in the world’s…

HONG KONG (Reuters) — Asian shares edge down in early trade on Tuesday with investors taking their cue from a volatile Wall Street session overnight, while oil prices climbed following last week’s rout. Oil continued to rise with investors still weighing worries over an economic slowdown agai…

(Reuters) — U.S. shale oil producers are returning to existing wells and giving them a second, high-pressure blast to lift output for a fraction of the cost of a finishing a new well. These “re-fracs” are taking hold as shale oil producers look to take advantage of $100 a barrel crude w…

TOKYO (Reuters) — Shares rose broadly across Asia on Monday, building on morning gains and a Friday Wall Street rebound as sentiment improved and oil prices steadied, tempering fears of prolonged inflation. Treasury yields remained subdued and the dollar hovered near the lowest in more than a week …

THE CNMI Small Business Development Center Network, in collaboration with the Saipan Chamber of Commerce and the Governor’s Council of Economic Advisers, launched the Marianas Business Pride 2022 CNMI Small Business Survey on Tuesday, June 28. The data collected from this anonymous survey will be u…

KUALA LUMPUR (Reuters) — Malaysia is expected to spend 77.3 billion ringgit ($17.6 billion) in subsidies and cash aid this year, the largest amount in history, to help temper the effects of rising prices, its finance minister said on Saturday. Prices of goods have jumped in Malaysia in recent month…

AFTER over two years of stressful Covid-19 pandemic restrictions, CNMI children and parents can once again enjoy summer at the Pacific Islands Club whose Summer Family Membership Special promo started on June 1 and will continue until Aug. 31, 2022. Families can avail themselves of the following am…

LONDON (Reuters) — U.S. crypto firm Harmony said on Friday that thieves stole around $100 million worth of digital coins from one of its key products, the latest in a string of cyber heists on a sector long targeted by hackers. Harmony develops blockchains for so-called decentralized finance — peer…