Published:Wednesday | September 18, 2024 | 12:05 AM
Maria Lettini already knew of the backlash against ESG investing when she took over as chief executive of US SIF last year. US SIF is an advocacy group that supports sustainable investing, which encourages investors to consider a wider set of...
Published:Wednesday | September 18, 2024 | 12:05 AM
The next generation of Buffetts – Howard, Susie and Peter – is poised to become one of the most powerful forces in philanthropy when their 94-year-old father, the legendary businessman and leader of Berkshire Hathaway, Warren Buffett, eventually...
Published:Wednesday | September 18, 2024 | 12:05 AM
TikTok faced off with the United States government in federal court on Monday, arguing a law that could ban the platform in a few short months is unconstitutional while the US Justice Department said it is needed to eliminate a national security...
Published:Wednesday | September 18, 2024 | 12:05 AM
Hit hard by a steep decline in revenue, occasioned by the temporary closure of its New York operations, distribution and manufacturing company Derrimon Trading has labelled 2024 a tough financial year. It is looking towards the manufacturing...
Libertarian President Javier Milei of Argentina presented the 2025 budget to Congress late Sunday, outlining policy priorities that reflected his key pledge to kill the country’s chronic fiscal deficit and signalled a new phase of confrontation...
Wells Fargo has agreed to work with US bank regulators to shore up its financial crimes risk management, including internal controls related to suspicious activity and money laundering. The agreement comes just seven months after the Biden...
The rising cost of living in Africa has triggered a wave of protests in recent months, underscoring the disproportionately higher economic and social costs of inflation on a continent with persistent widespread poverty and heightened vulnerability...
The phenomenal growth of alternative investment funds, or AIF, internationally has ignited new economic analysis, debate and even litigation. The sector’s increasing prominence in Jamaica takes the topic beyond academic interest, locally. Finding a...
With inflation subsiding, the European Central Bank, ECB, cut interest rates again on Thursday to prop up tepid growth with lower borrowing costs for companies and home buyers. The Federal Reserve of the United States likely won’t be far behind in...
Chinese authorities have banned the accounting firm PwC for six months and fined it over CN¥400 million (US$56.4 million) over its involvement in the audit of collapsed property developer Evergrande. The punishment is the heaviest yet for...
Russia’s central bank hiked interest rates to their highest since the Kremlin sent troops into Ukraine more than 2½ years ago, a step aimed at combating the inflation fuelled by massive government outlays for the military – and by robust spending...
Starting next year, China will raise its retirement age for workers, which is now among the youngest in the world’s major economies, in an effort to address its shrinking population and ageing work force. The Standing Committee of the National...
A 71-year-old man collapsed and died on the floor while checking in to board a flight at the Sangster International Airport, Montego Bay. His death, according to news reports, occurred amid failed attempts to transport him to hospital for treatment...
By the end of 2024, more than 60 countries with close to a half of the world’s population will have had general elections, leading in some cases to significant changes. Jamaica’s is due by September, 2025. Although many people choose not to...
Imagine: You are a newly minted executive in a strategic planning project and notice that a single, strong person is hijacking the process. They are intelligent, but should you be relieved, or dismayed, as they take over? Backstory: Ever since your...
Edgar Munn, a coffee buyer from the family that built Mavis Bank Coffee Factory, MBCF, will visit Jamaica next month with the goal of securing more beans for processing and sale in the United States, the country’s second-largest coffee market. “I’...
I wrote a speculative article in 2000 on what I called “the political trilemma of the world economy”. My claim was that advanced forms of globalisation, the nation-state, and mass politics could not coexist. Societies would eventually settle on, at...
The United States Postal Service said on Wednesday that it is ending discounts that shipping consolidators such as UPS and DHL use to get packages to the nation’s doorsteps, in a move meant to help the Postal Service slow losses but that could see...
Following the review of over 500 submissions by a joint committee of the credit unions EduCom and Gateway, its governors have decided to rename the merged entity as Infinity Co-operative Credit Union. The two institutions have agreed to merge but...
At least two large supermarket chains have increased their imports of vegetables to meet the reduction in local supplies that resulted from the passage of Hurricane Beryl two months ago. Hi-Lo Food Stores and MegaMart both said they were able to...
Apple Inc on Tuesday lost its last bid to avoid paying €13 billion (US$14.34 billion) in back taxes to Ireland, in a finale to a dispute with the European Union that centred on sweetheart deals that Dublin was offering to attract multinational...
The size of the microcredit market has grown to $46 billion, more than 15 per cent higher than a year ago, based on the loan balances of applicants, according to the Government of Jamaica in its foreign filings of its annual report to the US...
Published:Thursday | September 12, 2024 | 12:09 AM
A major river in the Brazilian metropolis of Sao Paulo is suddenly emerald green and clear skies this week turned from blue to grey. In the late afternoon, the sun’s rays filtering through the smoky haze exhibit the colour of deep orange. This isn’...
Published:Wednesday | September 11, 2024 | 12:07 AM
Last October, the European Commission adopted a new road map to fight drug trafficking and organised crime, one of the most serious security threats facing the bloc. For obvious reasons, European Union policymakers did not invite cartel members to...
