The International Monetary Fund on Tuesday upgraded its economic outlook for the United States this year, while lowering its expectations for growth in Europe and China. It left its forecast for global growth unchanged at a relatively lacklustre 3....
US sales are down and a once-reliably profitable joint venture in China is losing money, but General Motors still managed to post a third quarter profit of US$3 billion Tuesday, slightly less than it made a year ago. The Detroit automaker reported...
Cinema operator Palace Amusement Company has made a major change at the top, with the appointment of Steven Cooke as assistant managing director. Cooke is one of the two sons in the Palace Amusement universe, the other being Scott Graham. Since...
Portland JSX Limited plans to offer more loans going forward, instead of relying so much on equity investment in businesses for returns. It is aimed at offsetting periods of volatility, which has resulted in a slide in the equity fund’s capital US$...
In a landmark report, the Global Commission on the Economics of Water recently identified water markets as a fundamental solution to the world’s escalating climate-driven water crisis. The logic is simple: When something is scarce, it becomes more...
Netflix on Thursday reported that its subscriber growth slowed dramatically during the summer, a sign the huge gains from the video-streaming service’s crackdown on freeloading viewers is tapering off. The 5.1 million subscribers that Netflix added...
Artificial intelligence has captured the imagination of corporate leaders eager to implement new tech solutions in their industries. But AI could also be applied to broader and more complex problems, especially in education. This vision is on its...
Snubbed by Tesla, Mexico’s new president has pledged to create a Mexican-made small, affordable electric car to compete with vehicles imported from China. President Claudia Sheinbaum said Teslas were too “onerous”, or expensive, for the Mexican...
Is there unnecessary hysteria over Jamaica’s new, historic, low birth rate, now estimated to be below the population replacement rate? Absolutely not. Our low birth rate predicament isn’t an orphan. It resides under the same roof with three other...
Ground transportation company JUTA Tours is starting an express bus service that will compete directly with luxury coach Knutsford Express, on the Kingston-Montego Bay route. Details of the service are still being worked out, but it is expected to...
Phones hold so much of our digital lives – emails, social media and bank accounts, photos, chat messages and more – that, if they ever get stolen or go missing, it can cause major disruption beyond just the loss of a device. In some places, phone...
Family sizes are getting smaller in Jamaica. This is because the total fertility rate – the average number of children Jamaican women can be expected to have over their lifetime – is declining. Jamaica is not singular in this regard; it is a...
The world’s second Sphere is planned to be built in the capital of the United Arab Emirates after the opening of the first giant dome entertainment complex in Las Vegas, United States. Abu Dhabi’s Department of Culture and Tourism and Sphere...
Nuclear power is garnering renewed attention amid growing demand for power and cleaner energy. The power source has seen a resurgence as nations focus on reducing emissions in an effort to combat climate change. At the same time, the technology...
Monstrous hurricanes Helene and Milton caused so much complex havoc that damages are still being added up, but government and private experts say they will likely join the infamous ranks of Katrina, Sandy and Harvey as super costly US$50-billion-...
Suriname and Guyana have taken the first step towards achieving the joint exploitation of gas reserves off the coast of the two neighbouring Caricom countries. “It won’t happen tomorrow, but it is important that we now have confirmation from both...
The Financial Services Commission, FSC, will conduct a review of the stock market to see whether its rules adequately protect investors, and better align its oversight with international standards. It comes within the transition to the ‘twin peaks...
The European Central Bank, which sets interest rates for the 20 countries that use the euro currency, cut borrowing costs once again on Thursday after figures showed inflation across the bloc falling to its lowest level in more than three years and...
Amazon on Wednesday said that it was investing in small nuclear reactors, coming just two days after a similar announcement by Google, as both tech giants seek new sources of carbon-free electricity to meet surging demand from data centres and...
Jamaica Customs Agency has collected over $7 billion in duties through its mobile app that now has more than 7,000 registered users a year after its introduction. This was disclosed by JCA Chief Information Officer Andre Williams, who outlined the...
The leadership of Paramount Trading Jamaica Limited spent most of Monday in a huddle trying to chart the way forward, after the company posted a loss in its first quarter ending August. It came on the heels of the full-year loss posted by Paramount...
After four consecutive quarters losses, air quality company CAC 2000 Limited is back in the black. For the third quarter ended July 2024, the company reported a profit of $11.72 million, a 143.6 per cent improvement that reversed the $26.87-million...
Mexican officials announced on Tuesday what they claimed was US$20 billion in new foreign direct investment in Mexico, but much of that was neither new nor completely certain. Investor confidence in Mexico has been shaken recently by controversial...
More than half of businesses and a quarter of consumers need cash or a loan, according to the latest JCC Business and Consumer Confidence Indices released on Tuesday. Consumer confidence dipped to 168.4 points in the third quarter, 0.7 per cent...
The Georgetown Chamber of Commerce and Industry, GCCI, says it is collaborating with the Jamaica Stock Exchange regarding the development of a junior stock exchange in Guyana. In a statement, the GCCI said that the information regarding the junior...
