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...
With polls suggesting that Kamala Harris has at least a 50 per cent chance of winning next month’s United States presidential election, questions about her economic-policy agenda have come to the fore. Of course, much will also depend on down-...
Stellantis is fixing its slowing US sales at the right pace after fumbling a marketing plan earlier this year, CEO Carlos Tavares told reporters on Monday. Tavares, who last week pushed out the carmaker’s chief financial officer and the chief...
The artificial intelligence boom has benefited chatbot makers, computer scientists and Nvidia investors. It’s also providing an unusual windfall for Anguilla, a tiny island in the Caribbean. ChatGPT’s debut nearly two years ago heralded the dawn...
The Nobel memorial prize in economics was awarded Monday to three economists who have studied why some countries are rich and others poor and have documented that freer, open societies are more likely to prosper. The work by Daron Acemoglu, Simon...
Savings of more than $1 billion have been realised by the Jamaica Customs Agency, JCA, over the past nine years by converting most of its processing forms from paper to digital. Some $126 million per year has been saved by the Jamaica Customs by...
Express Catering Limited, which operates several restaurants at the Sangster International Airport, expects a positive outlook despite a double-digit dip in total passengers at the nation’s busiest airport in September. September to November is...
Brazil on Friday started blocking over 2,000 gambling websites designated as irregular, part of a push by the government to regulate the sector. The move comes as concerns grow about addiction, especially among tens of millions of vulnerable people...
Recognising that education holds the key to a bright future, many parents make significant effort to give their children a fighting chance to get a meaningful education. They expect it to be the game changer for their children and themselves. With...
Petroleum marketing company, Future Energy Source Company Limited, is moving to carve more market share for its proprietary Jamaica-blended lubricating oils, Futroil. Petroleum marketing companies generally market their own brands, but with only 22...
The number of migrants crossing the Darien Gap – a rugged jungle passage between Colombia and Panama – increased sharply in September, according to Panamanian government data, and a human rights organisation says there’s less capacity to assist...
Hours after the artificial intelligence pioneer Geoffrey Hinton won a Nobel Prize in physics, he drove a rented car to Google’s California headquarters to celebrate. Hinton doesn’t work at Google anymore. Nor did the long-time professor at the...
Tesla unveiled its long-awaited robotaxi at a Hollywood studio Thursday night, though fans of the electric vehicle maker will have to wait until at least 2026 before they are available. CEO Elon Musk pulled up to a stage at the Warner Bros studio...
Multilateralism has fallen on hard times lately, especially at the United Nations. The UN Security Council couldn’t stop Russia’s invasion of Ukraine, ceasefires in Gaza and Lebanon remain elusive, and subsequent COP summits have failed to spur...
Imagine: You are a new member of a board. However, this team is a mediocre one and you want to intervene. Where should you start, given that this is your third meeting? Only now do you realise that the poor performance you glimpsed in the first two...
The ‘news gods’ in their infinite wisdom, forced me to return to this topic three Sundays after I wrote Part One. The sign was when they gave me details about a simple 2024 motor claim. It involved two vehicles, a seven-digit repair estimate for...
The social media platform X began returning to Brazil on Wednesday, after remaining inaccessible for more than a month due to a clash between its owner, Elon Musk, and a justice on the country’s highest court. Internet service providers began...
The US Department of Justice is considering asking a federal judge to break up Google after its ubiquitous search engine was declared an illegal monopoly, but it is just one of many possible remedies under review, according to a court filing. In...
Once constructed, the expanded Grand Palladium Hotel is projected to add 1,900 more hotel jobs. The project, which will mark the second phase of the Lucea, Hanover-based property’s buildout, is still going through the approval process, including a...
Caribbean Cream Limited, which trades as Kremi, is gunning for a new milestone. It’s aiming for revenue of $3 billion this financial year, which would require growing sales by 13 per cent. The target disclosed in the company’s annual report would...
Farmers of coffee in Jamaica’s high mountains have witnessed a two-thirds dip in production from pre-pandemic levels. Jamaica produces many varieties of coffee but two mountain regions define the brew: high mountain and the Blue Mountains, the...
After years of promise, professional football seems to be taking off as a business opportunity in Jamaica, with a number of corporate players positioning themselves to score by pumping expertise and money into the sport. Party and event organiser...
Innovative Energy Group Limited, IEG, formerly known as Ciboney, will issue 850 million new ordinary shares, with the intent of raising fresh equity capital. “Additional capital is required, but we are exploring options outside of an additional...
PepsiCo lowered its sales forecast for the year as consumers in the United States, China and elsewhere continued to pull back on buying its snacks and drinks. The company, based in Purchase, New York, said on Tuesday it now expects its organic...
The Jamaican government will receive US$480 million following the placement of a bond that will allow the state to focus on infrastructure projects. It’s the Government of Jamaica’s “first structured securitisation transaction in international...
