Having investigated electronic banking fraud in all its forms for years, Dane Nicholson is predicting another type of fraud by cyberscammers, referred to as “triangulation”, saying it will grow in significance in Jamaica as more persons are...
Richard Pandohie, the newly installed chairman of Caribbean Producers Jamaica Limited, CPJ, is touting regional expansion of the business in the aftermath of AS Bryden Group acquiring a 44.8 per cent stake in the food-trading business. The company...
The Biden administration is awarding nearly US$2 billion in grants to General Motors, Fiat Chrysler, and other carmakers to help restart or expand electric vehicle manufacturing and assembly sites in eight states, including the presidential...
A federal judge overseeing a drawn-out debt-restructuring process for Puerto Rico’s power company ordered all parties to mediation on Wednesday, in the latest attempt to break an impasse that has sparked widespread indignation. The US territory’s...
Most medical students at Johns Hopkins University will no longer pay tuition thanks to a US$1 billion gift from Bloomberg Philanthropies announced Monday. Starting in the fall, the donation will cover full tuition for medical students from families...
Digicel Limited, which owns Paymaster Jamaica Limited, plans to work with the regulator to restore remittance services after uncovering a breach in its record keeping. Its licence was suspended by the central bank this week. “Paymaster can confirm...
Inflation in the United States cooled in June for a third straight month, a sign that the worst price spike in four decades is steadily fading and may soon usher in interest rate cuts by the Federal Reserve. In a better-than-expected report,...
RA Williams Distributors Limited, which sells medicines, plans to raise $400 million this month through an initial public offering of shares on the junior market of the Jamaica Stock Exchange, JSE, priced at $1 per share. The Spanish Town, St...
Now that the quinquennial electoral tussle for seats in the European Parliament is over, European politicians must shift quickly from competing against one another to helping Europe compete globally. Even though Europe desperately needs to...
Quick-service restaurants, otherwise referred to as fast food, have been doing roaring business after the passage of Hurricane Beryl. Jerk chicken provider Island Grill is reporting a 20 per cent surge in business. CEO Tania Waldron-Gooden says the...
Despite modest first-quarter revenue growth, spice maker Spur Tree Spices Jamaica Limited is looking to its own farm, and innovation, to counter the effects of high costs. First-quarter revenues moved from $383.6 million to $394.5 million, an...
Inadequate funding and controversial measures in a budget bill could threaten what Americans know about themselves through federal data gathering, statisticians and demographers warn in a new report and a letter to United States congressional...
Motorists will pay more for gas when they go to the pumps on Thursday. The state-owned oil refinery, Petrojam, says E-10 87 is to move up by $1.95 to sell for $178.97 per litre and a litre of E-10 90 will go up by $1.97 to sell for $...
Deforestation in Colombia fell 36 per cent in 2023 versus the previous year, the government said Monday, marking the lowest level since records began. The decline was driven by a drop in environmental destruction in the Amazon, the world’s largest...
In a 1955 speech to a group of investment bankers, then US Federal Reserve Chair William McChesney Martin shared a story about an economics professor who always administered the same exam. When asked how any student could possibly fail such a test...
Mayreau is one of the smallest inhabited islands of St Vincent and the Grenadines. It’s so small that it’s barely visible – a dot on the map of the Caribbean. Hurricane Beryl nearly erased it from the map. Beryl pummelled everything along its path...
A court ruling could permit the construction of a new reservoir to feed the water-starved Panama Canal, but the project might take six years to build, the managers of the waterway said Monday. The Panama Canal has decreased the maximum number of...
Flows of foreign direct investment into Jamaica, especially in the areas of tourism, and outsourcing and information technology, have grown to their highest level since the pandemic, when the flows were decimated amid a lockdown of economies around...
Two years after marijuana was decriminalised in Thailand, nearly a hundred of its advocates marched to the prime minister’s office Monday to protest a possible ban on general use. A health ministry drug control committee approved Friday a proposal...
The US Federal Reserve (Fed) faces a cooling job market as well as persistently high prices, Chair Jerome Powell said in testimony Tuesday to Congress, a shift in emphasis away from the Fed’s single-minded fight against inflation of the past two...
A Delaware judge heard arguments on Monday over a massive and unprecedented fee request by lawyers who successfully argued that a massive and unprecedented pay package for Tesla CEO Elon Musk was illegal and should be voided. Attorneys for a Tesla...
After débuting on air with much fanfare nearly three years ago, radio station The Bridge 99 FM is facing an uncertain future and is now up for sale. Two investors in The Bridge, one of the newest FM radio stations in a crowded and dwindling...
Women in Jamaica lost ground in all major categories on the path to parity with men, according to the Global Gender Gap 2024 report. Men gained ground in certain categories, while in other categories, other countries improved faster than Jamaica....
General Motors will pay nearly US$146 million in penalties to the federal government because 5.9 million of its older vehicles do not comply with emissions and fuel economy standards. The US National Highway Traffic Safety Administration said in a...
Japan issued its first new banknotes in two decades, packed with 3D hologram technology to fight counterfeiting of the yen. Prime Minister Fumio Kishida praised as historic the state-of-the-art anti-counterfeit traits of the new ¥10,000, ¥5,000 and...
