Headline-grabbing billionaire Elon Musk is clashing with a Supreme Court justice in Brazil over free speech, far-right accounts and misinformation on X, the social media platform Musk bought when it was Twitter. Since his takeover, Musk has upended...
The Biden administration has finalised strict limits on certain so-called ‘forever chemicals’ in drinking water that will require utilities to reduce them to the lowest level they can be reliably measured. Officials say this will reduce exposure...
Big banks warned of an “uncertain” year ahead after mixed financial results during the first quarter in an environment of stubbornly high inflation and geopolitical clashes in Europe, the Middle East and elsewhere. JPMorgan reported a modest 6 per...
In contrast to 2022, a disastrous year for digital asset markets, 2023 was characterised by aggressive regulatory action and positive market developments. The recent settlement between United States regulators and Binance, the world’s largest...
Gone are the days when as a leader, all you had to do was issue instructions. You remember when people used to do what they were told. They were grateful to have a job with regular pay. Loyalty was something you could gauge by the actions employees...
The first paragraph of my March 17 article, ‘Others Must Follow GOJ’s Robust Climate Change Responses’, noted that hurricane forecasts for 2024 would be published soon even though the Atlantic Hurricane Season will not start until June 1. The...
The best-laid financial plan can be easily upended by nature – a force over which man has very little control. Its power to wreck a plan lies in the uncertainty and unpredictability that are inherent to it, but the risks it poses can be mitigated...
After about 20 years of quiet operation, serving individuals and families in Jamaica, Lloyd’s of London is entering the employee benefits insurance market. The company is more perceived as a reinsurer but is now offering medical insurance...
The Bank of Jamaica will be adding a second tower to its Nethersole Place headquarters, an investment necessitated by its expanding regulatory portfolio. The BOJ building, which sits on the Kingston waterfront, is currently said to be fully...
It’s a major contributor to climate change — the way buildings and roads are made with concrete. It’s also a problem that’s growing as more of the world develops. So the race has been on to find solutions for a material that’s responsible for...
The European Central Bank signalled on Thursday it could cut interest rates at its next meeting in June, a big step as the rich world’s central banks, including the US Federal Reserve, wrestle with how soon declining inflation will let them lower...
Recent discussions about the implications of artificial intelligence for employment have veered between the poles of apocalypse and utopia. Under the apocalyptic scenario, AI will displace a large share of all jobs, vastly exacerbating inequality...
After nearly a decade at the company, General Manager Justin Nam is parting ways with listed investment house Eppley Limited. Nam’s resignation is effective May 31. The company made the announcement on Tuesday as it updated the market about two...
As it mulls a potential listing on the stock market, personal care and home improvement products company Fleetwood Jamaica Limited has acquired aromatherapy solutions company Starfish Oils Limited, paying $70 million for the operations and assets....
Bread prices are up two-thirds since the onset of the pandemic four years ago, and sales revenues at bakery companies appear to have risen in tandem. For Consolidated Bakeries Jamaica, which trades as Purity Bakery, the gain has been 50 per cent,...
Guyana is on the cusp of a profound socio-economic transformation unlike any seen in Latin America and the Caribbean. Despite its small population of roughly 800,000, it boasts the world’s fastest-growing economy. According to the World Bank, its...
New York will evaluate its troubled recreational marijuana licensing programme after lawsuits and bureaucratic stumbles severely hampered the legal market and allowed black-market sellers to flourish, Governor Kathy Hochul has ordered. The review...
Consumer inflation remained persistently high last month, boosted by gas, rents, auto insurance and other items, the United States government said Wednesday in a report that will likely give pause to the Federal Reserve as it considers how often –...
Geophysx Jamaica Limited, a mining company led by Robert Stewart, has paid US$1.2 million to acquire all the remaining interest in three mining assets it previously purchased from Canada-based C3 Metals for the exploration of copper and gold. The...
A dozen proposals are currently being evaluated by the Jamaican government’s Generation Procurement Entity, GPE, for the supply of 100 megawatts of renewable energy to the national power grid. It forms part of steps by the Jamaican government to...
The Inter-American Development Bank, IDB, says it has approved a US$60-million conditional credit line for investment projects to foster sustainable development in The Bahamas targeted at stimulating MSMEs, or micro, small and medium-sized...
There’s a race under way to build artificial general intelligence, a futuristic vision of machines that are as broadly smart as humans or at least can do many things as well as people can. Achieving such a concept – commonly referred to as AGI – is...
Tesla has settled a lawsuit brought by the family of a Silicon Valley engineer who died in a crash while relying on the company’s semi-autonomous driving software. The amount Tesla paid to settle the case was not disclosed in court documents filed...
In the wake of the court decision favouring Alliance Investment Management Limited, AIML, the Bank of Jamaica, BOJ, is standing by its regulatory actions against affiliates, Alliance Financial Services Limited and Alliance Finance Limited. On...
In the face of a 13 per cent reduction in the price of granular fertiliser by market leader Newport-Fersan, the producer and commercial supplier of the agricultural input is urging farmers and other users to be vigilant as price reductions are not...
