Regional energy company Sol Group has acquired renewable energy provider Content Solar for an undisclosed sum. Content is a 32-megawatt solar plant in the parish of Clarendon that was developed by American company WRB Energy and held by WRB Serra...
Satellite internet providers are now offering data for cars, boats and other personal devices as the internet of things – IoT – takes hold in Jamaica. At least two service providers will allow customers to use their devices outside the home, while...
Natural gas supplier New Fortress Energy, NFE, is facing a class-action lawsuit over allegations that investors were misled by utterances regarding the company’s growth prospects. The lawsuit comes amid a three-quarter decline in the value of the...
While there has been a marginal increase in people placing bets, playing lottery games or betting in gaming lounges, the take is down, new data from the Betting, Gaming and Lotteries Commission, BGLC, shows. The regulator sees untapped promise in...
Published:Thursday | September 26, 2024 | 12:08 AM
Southwest Airlines plans to eliminate about one-third of its flights to Atlanta next year to save money as it comes under pressure from a hedge fund to increase profits and boost the airline’s stock price. The retreat in Atlanta, where Southwest is...
Published:Wednesday | September 25, 2024 | 12:09 AM
As world leaders meeting in the United Nations this week discuss the future of efforts to rein in the gangs strangling Haiti, Haitians are expressing hopelessness that an international response can turn the tide of violence. So far, a UN-backed...
Published:Wednesday | September 25, 2024 | 12:09 AM
A federal court in Argentina on Monday ordered the “immediate” arrest of Venezuelan President Nicolás Maduro and Interior Minister Diosdado Cabello for alleged crimes against humanity committed against dissidents. The court order came in response...
Published:Wednesday | September 25, 2024 | 12:08 AM
The Dominica government says it remains confident that the 10-megawatt geothermal energy power plant will be commissioned by 2026, after signing a contract worth almost US$40 million with an Indian company to develop the facility. Energy Minister...
Jamaicans are currently facing a shortage of canned ackee caused by the damage to trees from Hurricane Beryl in early July. Suppliers of ackee from Jamaica, as well as purchasers in the United States, indicate that there is very little of the...
Global outsourcing company Ibex has scaled back its operations in Jamaica, closing two centres, and eliminating one-third of its contact desks, in the process. “We closed two sites during the year to optimise utilisation in our onshore and...
It is now conventional wisdom that global capital flows to the developing world are pro-cyclical, increasing when advanced economies ease monetary policy and retreating when their interest rates rise. A case in point is the growing number of...
Published:Wednesday | September 25, 2024 | 12:07 AM
Keith Duncan, CEO of JMMB Group Limited, on Monday urged the Jamaican government to phase out the asset tax, citing the financial sector’s previous support during the pandemic. The sector backed the government during COVID-19, and now it’s time for...
After moving from its sprawling Twickenham Park base near Spanish Town, St Catherine, in 2015, cigarette distributor Carreras Limited is moving back to a location that sits on the border of the parishes of St Catherine and St Andrew at the Ferry...
Published:Wednesday | September 25, 2024 | 12:06 AM
Companies exploring the option of letting employees work four days a week hope to reduce job burnout and retain talent seeking a better work-life balance, according to the chief executive of an organisation that promotes the idea. The trend is...
Published:Wednesday | September 25, 2024 | 12:06 AM
The company behind Tupperware, the plastic kitchenware that revolutionised food storage after World War II and became inextricably linked to the parties where women, seeking a measure of financial independence and fun in mid-century America, sold...
The Biden administration is awarding over US$3 billion to American companies to boost domestic production of advanced batteries and other materials used for electric vehicles, part of a continuing push to reduce China’s global dominance in battery...
Chief Executive Officer of JMMB Group Limited, Keith Duncan, on Monday urged the Government to phase out the asset tax, citing the financial sector's support during the COVID-19 pandemic. Duncan said that the sector backed the Government during...
A high-powered UN advisory body said Thursday that global governance of artificial intelligence is “imperative” and urged the United Nations to lay the foundations for the first inclusive global institutions to regulate the fast-growing technology...
Silvio Almeida’s coffee plantation sits at an ideal altitude on a Brazilian hillside, whose clay-rich soil does well at retaining moisture from rainfall and a nearby reservoir. Lately, though, water is scarce on Almeida’s modest farm in Caconde, a...
Should the authorities impose a rule that licensed firearm holders must have liability insurance? This issue exercised my mind as I read about a recent shooting incident in which a 38-year-old man, called a ‘bird bwoy’ (a relic of our colonial past...
Government scientists and artificial intelligence experts from at least nine countries and the European Union will meet in San Francisco after the United States presidential elections to coordinate on safely developing AI technology and averting...
In my previous column, I shared that the emergence of social commerce in the Western world was a new gold rush, potentially blowing billions in opportunities for entrepreneurs and businesses in the Caribbean. The feedback was overwhelming, with...
Tertiary education is one key that can very effectively open the door to a successful life marked by, among things, a good and satisfying career, a good standard of living, and the ability to contribute significantly to the needs of the less...
There is no denying that plastics have delivered tremendous benefits over the past century, driving technological innovation, transforming healthcare, and fuelling global economic growth. But as we now know, this progress has come at great cost....
A shortage of key inputs, such as scotch bonnet peppers and pimento, is hindering at least one local manufacturing company from filling export orders for its products. Albert Bailey, CEO of Spur Tree Spices Jamaica Limited, says a series of weather...
