Large hotel chain Iberostar has installed a 1.2 megawatt solar power plant in Jamaica as part of the wider group’s move to slash its carbon emissions. The group of Spanish origin plans to become carbon neutral by 2030 or 20 years prior to global...
While the technical details of international agreements may seem arcane or even trivial, they often commit governments to policies that have major economic consequences. This is especially true for low and middle-income countries, which have long...
The Consumer Price Index, CPI, measures the price movements of a given quantity of consumer goods and services purchased by the typical private household. The quantity of items in this ‘basket’ is kept constant, but in order to remain relevant, it...
Unlike others in top positions, you want to be a long-term leader who has his or her eyes fixed firmly on a destination far in the future. But what can you expect from fostering such a vision? Should it do more than give you good reason to beat...
Sources say that hurricane forecasts for 2024 will be published soon even though March is only two weeks’ old and the Atlantic Hurricane Season will not formally start until June 1. One foreign insurance industry resource predicted that the...
Airbnb says it is banning the use of indoor security cameras in listings on its site around the world by the end of next month. The San Francisco-based online rental platform said it is seeking to “simplify” its security-camera policy while...
European Union regulators on Thursday ratcheted up scrutiny of big tech companies, including Google, Facebook, and TikTok with requests for information on how they are dealing with risks from generative artificial intelligence such as the viral...
Experts in accounting and economics have lauded Jamaica’s seventh straight budget without new taxes as a plus amid the country’s push for economic expansion. Experts in accounting and economics have lauded Jamaica’s seventh straight national budget...
Market reaction to the increase in the amount of share capital that junior company can raise and hold has been positive, but up to early Thursday, but the Jamaica Stock Exchange itself is yet to weigh in. The cap will rise to $750 million, from $...
Boeing’s mounting crises are beginning to resemble an aviation thriller cooked up in Hollywood. In addition to a piece of fuselage falling off mid-air during a recent commercial passenger flight, there was the nail-biting discovery of mis-drilled...
The Government of Jamaica will consider hiring real estate brokers to speed up the disposal of $1.5 billion in confiscated properties as a quick solution to avoid a downgrade by international anti-money laundering watchdogs. The sale of the...
Former US Treasury Secretary Steven Mnuchin says he’s going to put together an investor group to buy TikTok, a day after the US House of Representatives passed a bill that would ban the popular video app in the United States if its China-based...
Britain’s high court ruled on Thursday that an Australian computer scientist is not, as he claimed, the mysterious creator of the bitcoin cryptocurrency. Craig Wright has for eight years claimed that he was the man behind ‘Satoshi Nakamoto’, the...
After about a decade of operation at its Bell Road base in Kingston, Jamaican Teas Limited has found a buyer for the 22,000-square-foot factory, which it is vacating for new premises. The maker of Tetley and Caribbean Dream teas said in a market...
Not even education can close the pay gap that persists between women and men, according to a recent US Census Bureau report. Whether women earn a post-secondary certificate or graduate from a top-tier university, they still make about 71 cents on...
Responding to a United States government audit, Boeing says it will would work with employees found to have violated company manufacturing procedures to make sure they understand instructions for their jobs. The aircraft maker detailed its latest...
The Jamaica Stock Exchange (JSE) Combined Index closed Wednesday going back to losing ways. The moderate trading ended with an advance/decline ratio of 42/45. The JSE Combined Index declined by 3,639.94 points or 1.06 per cent to close at 339,676....
Politicians across Haiti are scrambling for power after Prime Minister Ariel Henry announced Tuesday that he would resign once a transitional presidential council is created. But elbowing their way into the race are powerful gangs that control 80...
The company that once held the former Renaissance Jamaica Grande Resort, which was once one of the tallest hotels in the country, is finally being wound up by the Jamaican government, years after the property was offloaded. A trustee is being...
Jamaica’s debt dipped at a pace that was ranked among the fastest in the world over a decade, according to rating agency Fitch. “It represents the third-largest decline in debt burden among all rated sovereigns over this period; only Ireland and...
With Boeing facing multiple government investigations, the company needs to make “a serious transformation” around its safety and manufacturing quality, US Transportation Secretary Pete Buttigieg said on Monday. The comments came one day after...
The head of the African Development Bank is calling for an end to loans given in exchange for the continent’s rich supplies of oil or critical minerals used in smartphones and electric car batteries, deals that have helped China gain control over...
Germany’s vice chancellor on Tuesday launched a programme initially worth up to €4 billion (US$4.4 billion) to help heavy industry shift to more climate-friendly production over a 15-year period. Germany, which is home to many energy-intensive...
Consumer prices in the United States picked up last month, a sign that inflation remains a persistent challenge for the Federal Reserve and for President Joe Biden’s re-election campaign, both of which are counting on a steady easing of price...
The Financial Gleaner understands that the wording of a set of loans totalling $1 billion and issued through the Jamaica Mortgage Bank, JMB, was at the centre of the separation of former Managing Director Anthony Shaw from the Development Bank of...
