Business
Higher metal prices benefited Jamalco which returned to profit in the March quarter, parent company Century Aluminum has reported. “Production at Jamalco also improved through the first quarter, and I’m pleased to say the refinery returned to...
Comments
MPC Caribbean Clean Energy Limited, a regional investor in renewable energy, booked a profit of US$232,000 for the March quarter, which reversed losses of US$39,000 from the prior year, and added momentum to the earnings racked up in the past...
National Commercial Bank Jamaica, NCB, has seen only moderate movement in its non-performing loans amid the near one-third jump in past-due consumer loans and residential mortgages reported across the wider banking sector. “We are not seeing the...
The man at the centre of the pandemic meme stock craze appeared online for the first time in three years, sending the prices of the quirky and volatile shares sharply higher Monday. Keith Gill, better known as “Roaring Kitty,” posted an image...
In the popular imagination, the Caribbean is paradise, an exotic place to escape to. But behind the images of balmy beaches and lush hotel grounds lies a crisis, the likes of which its residents have never experienced. Caribbean islands are in a...
OpenAI’s latest update to its artificial intelligence model can mimic human cadences in its verbal responses and can even try to detect people’s moods. The effect conjures up images of the 2013 Spike Jonze move Her, where the (human) main character...
Artificial intelligence is just about everywhere you look these days – including the workplace. That means training staff about the technology and using it responsibly is critical. It’s a tall order, especially as the commercialisation of...
The United States government’s highway safety agency has opened another investigation of automated driving systems, this time into crashes involving Waymo’s self-driving vehicles. The US National Highway Traffic Safety Administration, NHTSA, posted...
The Biden administration announced plans to slap new tariffs on Chinese electric vehicles, advanced batteries, solar cells, steel, aluminum and medical equipment – an election year move that’s increasing friction between the world’s two largest...
The International Monetary Fund, Argentina’s biggest creditor, agreed Monday to release the next tranche of loans due under a bailout program, endorsing government austerity measures so severe they even surpass the terms of its US$43 billion loan...
The sharp interest rate hikes of the past two years will likely take longer than previously expected to bring down inflation, several United States Federal Reserve officials have said in recent comments, suggesting there may be few, if any, rate...
The international development sector has become fixated on calculating financing gaps. Hardly a day goes by without new estimates of the funds low and middle-income countries, grouped as LMICs, need to meet their climate targets and achieve the...
A federal fraud trial began Monday for the owner and chief financial officer of a hedge fund that collapsed when it defaulted on margin calls, costing leading global investment banks and brokerages billions of dollars. Bill Hwang, the founder of...
Omni Industries Limited, a maker of PVC plastic pipes and crates, is floating its shares on the market to raise $500 million to finance the company’s expansion and modernisation agenda. “This IPO and offer for sale will also allow us to deepen our...
Remittance inflows amounted to US$500 million for the first two months of the year, which was flat compared to year-earlier levels. “Jamaica’s growth of 0.1 per cent is in contrast to growth of 3.8 per cent, 8.2 per cent and 1.5 per cent recorded...
It is easy to believe that collective investment schemes, being diversified and professionally managed, expose investors to little or no risk. Market developments over the past two or three years illustrate that even they are sensitive to economic...
