YouTube recently announced that it’s upping the price of its streaming service’s base plan by US$10 – citing “the rising cost of content” and other investments. The new US$82.99 a month price tag will go into effect starting January 13 for...
The Iranian rial on Wednesday fell to its lowest level in history, losing more than 10 per cent of value since Donald Trump won the U.S. presidential election in November and signaling new challenges for Tehran as it remains locked in the wars...
President Joe Biden is pledging to cut US greenhouse gas emissions by more than 60 per cent by 2035 as he fights to ensure his legacy on slowing global warming, even as President-elect Donald Trump vows to undo much of Biden’s climate work when he...
Workers at seven Amazon facilities in the United States went on strike Thursday, an effort by the Teamsters to pressure the e-commerce company for a labour agreement during a key shopping period. The Teamsters say the workers, who authorised...
Jamaican businesses are bracing for utility price increases, according to the latest Inflation Expectations Survey. More than half of the businesses surveyed expect utility costs to have the most significant impact on their operations, up from one-...
The three pharmaceutical companies listed on the Jamaica Stock Exchange are enduring pain. Two posted losses in their latest quarter, and the third missed targets within the soft economy. This economic contraction is showing up both in the top-line...
The National Housing Trust (NHT) aims to reduce its energy costs by $287 million by installing solar panels at 10 locations. The initiative is part of the government’s push for sustainable development. The figure comes from adding the annual energy...
A San Francisco jury on Tuesday found a tech consultant guilty of second-degree murder in the stabbing death of Cash App founder Bob Lee. It carries a sentence of 16 years to life, rejecting the defendant’s claim that he had acted in self-defence....
Published:Wednesday | December 18, 2024 | 12:10 AM
Jamaica-based Outsourcing Management Limited (OML), which trades as iTel, plans to refinance $3.5 billion in debt, offering bondholders the option to convert their holdings into shares, provided the company lists on the stock exchange. “We are in...
Published:Wednesday | December 18, 2024 | 12:10 AM
Retail sales in China slowed in November and housing prices fell, the government said on Monday. Demand remains lacklustre despite a flurry of stimulus measures over the past few months. The report came just a few days after top leaders ended an...
In the literature, much attention has been paid to the invisible hand in family-owned businesses, FOBs. However, not enough attention has been given to the visible hand that moves the needle in those businesses. A 2019 KPMG and the Successful...
Published:Wednesday | December 18, 2024 | 12:09 AM
Lumber Depot Ltd which operates a hardware store in Papine, St Andrew, made higher profit for its second quarter which signalled a rebound from earlier disruptions from Hurricane Beryl. The outlook remains cautious based on the wider challenges in...
Published:Wednesday | December 18, 2024 | 12:09 AM
The Jamaica Constabulary Force (JCF) invites contractors to bid to supply body-worn cameras, as part of its ongoing efforts to enhance policing and transparency. “The JCF utilising public funds invites you to submit a priced proposal for the supply...
Published:Wednesday | December 18, 2024 | 12:08 AM
The unemployment rate is healthy and the stock market is up, but Democrats are feeling more pessimistic about the US economy after Donald Trump’s election victory, according to a new poll. Republicans, meanwhile, are still dour about the current...
Published:Wednesday | December 18, 2024 | 12:08 AM
Japanese tycoon Masayoshi Son and President-elect Donald Trump have announced plans for technology and telecoms giant SoftBank Group to invest US$100 billion in projects in the United States over the coming four years. Trump said the investments in...
Published:Wednesday | December 18, 2024 | 12:08 AM
Overseas IT firm Simply Secure Group intends to acquire additional shares in tTech Limited. The move will trigger Jamaica Stock Exchange (JSE) rules and result in the delisting of the stock. “Upon delisting of the tTech shares, they will cease to...
Published:Wednesday | December 18, 2024 | 12:07 AM
Chas. E. Ramson Limited recently launched a locally made Kisko Drink Mix with the aim of revitalising a brand that was ever-present on the lips of Jamaican kids. The new Kisko Drink Mix is now available at select stores across Jamaica. To support...
Published:Wednesday | December 18, 2024 | 12:07 AM
Amazon Web Services (AWS) will invest another US$10 billion to bolster its data centre infrastructure in Ohio, USA. The company and Govenor Mike DeWine announced the plan on Monday. The new investment will boost the amount it has committed to...
Published:Wednesday | December 18, 2024 | 12:07 AM
The suspension of the Common External Tariff (CET) on lithium-ion batteries has been extended for another two years until February 2027, Government has announced, in effect making the setting up of renewable systems in Jamaica more affordable. The...
Published:Wednesday | December 18, 2024 | 12:06 AM
Popeye can punch without permission and Tintin can roam freely starting in 2025. The two classic comic characters who first appeared in 1929 are among the intellectual properties entering the public domain in the United States on January 1. That...
Americans hoping for lower borrowing costs for homes, credit cards and cars may be disappointed after this week’s Federal Reserve meeting. The Fed’s policymakers are likely to signal fewer interest rate cuts next year than were previously expected...
Agence France-Presse, AFP, is in the news business. It is a leading global news agency, which bills itself as ‘providing fast, comprehensive, and verified coverage of the events shaping our world and of the issues affecting our daily lives’. The...
An appeals court in Louisiana has ruled that Nasdaq can’t require diversity on the boards of companies that list on the exchange. The decision comes more than three years after the Securities and Exchange Commission (SEC) in the United States...
Dozens of environmental nonprofits issued a manifesto Thursday condemning new laws in Brazilian states that threaten to dismantle the Amazon soy moratorium –a landmark voluntary agreement banning trade in soybeans from recently deforested areas....
The main international airport in Haiti reopened on Wednesday to commercial flights, one month after gangs opened fire on planes. It was the second closing this year because of gang violence. Major airlines are in a wait-and-see mode on flight...
