Fri | Jan 3, 2025

Business

Published:Wednesday | December 11, 2024 | 12:06 AM

JFP Limited, a provider of commercial furniture, has reported a three-quarter dip in sales in the September 2024 quarter, but the management remains upbeat on future plans to streamline revenue. Sales declined because of delays in the completion of...

Published:Wednesday | December 11, 2024 | 12:06 AM

Guyana is revisiting a dark history nearly half a century after American Reverend Jim Jones and more than 900 of his followers died in the rural interior of the South American country. It was the largest suicide-murder in recent history, and a...

Published:Wednesday | December 11, 2024 | 12:06 AM

Outgoing Chinese Ambassador Guo Haiyan says bilateral trade between Guyana and China skyrocketed to US$800 million in the first half of 2024. “Practical cooperation between China and Guyana has made significant progress. “In the first half of this...

Published:Wednesday | December 11, 2024 | 12:06 AM

Attorneys for Meta shareholders asked a Delaware judge Monday to sanction the company’s former Chief Operating Officer Sheryl Sandberg and fellow Facebook board member and current White House chief of staff Jeff Zients for deleting emails related...

Published:Wednesday | December 11, 2024 | 12:05 AM

China’s top leaders have pledged to loosen monetary policy and provide more support for the slowing economy, while Premier Li Qiang swiped at threats of higher tariffs on Chinese exports, saying they hinder global growth. On Monday, state media...

Published:Tuesday | December 10, 2024 | 12:09 AM

Shares of Nvidia slid early Monday after China said it is investigating the high-flying American microchip company over suspected violations of Chinese anti-monopoly laws. In a brief press release with few details, Chinese regulators appear to be...

Published:Sunday | December 8, 2024 | 12:10 AM

Communications consultant and Gleaner columnist, Major Basil Jarrett, wrote on Thursday about the need for the building of a national emergency response campaign following last Monday’s horrific crash along the Bustamante Highway. Twelve-year-old...

Published:Sunday | December 8, 2024 | 12:09 AM

It was a bold idea, encapsulated in a snappy slogan: “From billions to trillions”. A decade ago, when private capital was sloshing into developing economies, governments and development institutions saw an opportunity to turbocharge progress on...

Published:Sunday | December 8, 2024 | 12:08 AM

The European Union on Friday finalised a blockbuster free trade agreement with Brazil, Argentina and three other South American nations in the Mercosur trade alliance, a long-awaited breakthrough despite fierce opposition from France that caps a...

Published:Sunday | December 8, 2024 | 12:08 AM

As bitcoin reached historic highs, surpassing US$100,000 for the first time, El Salvador’s President Nayib Bukele was triumphant on Thursday about his big bet on the cryptocurrency. The adoption of bitcoin – which has been legal tender in the...

Published:Sunday | December 8, 2024 | 12:07 AM

Inflation, being the sustained and broad increase in the prices of goods and services over time, causes money to lose its real value and thus has a direct impact on people’s lives. It affects spending, savings and investing decisions, makes it...

Published:Sunday | December 8, 2024 | 12:07 AM

Some companies which survived the pandemic have come to believe that being extremely agile is their new superpower. But, is this true in the long run? According to Jeff Bezos of Amazon, and contrary to conventional wisdom, perhaps nothing...

Published:Sunday | December 8, 2024 | 12:07 AM

Plans are far advanced to add two new outlets to the Hi-Lo supermarket chain by 2026, at a cost of more than $1 billion. The two new stores are to be located in Morant Bay, St Thomas and Mandeville, Manchester, general manager of Hi-Lo Food Stores...

Published:Sunday | December 8, 2024 | 12:06 AM

Sake is perhaps more Japanese than the world-famous sushi. The smooth rice wine that plays a crucial role in Japan’s culinary traditions was enshrined on Wednesday by UNESCO on its list of the “intangible cultural heritage of humanity”. At a...

Published:Sunday | December 8, 2024 | 12:06 AM

Although the quality of Jamaica’s spices is considered among the best in the world, the farmers who grow ginger, turmeric and pimento are earning very little from their endeavours, with most of the money going to traders of the products, according...

Published:Friday | December 6, 2024 | 12:11 AM

Eight members of the OPEC+ alliance of oil-exporting countries decided on Thursday to put off increasing oil production as they face weaker-than-expected demand and competing production from non-allied countries — factors that could keep oil prices...

Published:Friday | December 6, 2024 | 12:11 AMNeville Graham - Business Reporter

Smarting from a possible quarter-billion dollars in losses on its farm operations, distribution and manufacturing conglomerate Seprod is in search of a economical solution for feeding the cows at its dairy farm, and nourish its bottom line. CEO...

Published:Friday | December 6, 2024 | 12:11 AM

Bitcoin topped US$100,000 for the first time as a massive rally in the world’s most popular cryptocurrency, largely accelerated by the election of Donald Trump, rolls on. The cryptocurrency officially rose to six figures on Wednesday night, just...

Published:Friday | December 6, 2024 | 12:11 AM

Cash-strapped United Oil...

Published:Friday | December 6, 2024 | 12:11 AM

CAC 2000 Limited is teaming up with Kaya Energy Group, the Dominican Republic-based subsidiary of Tropical Battery Company Limited, for the design, installation and maintenance of grid tied solar photovoltaic systems energy efficient air-...

Published:Friday | December 6, 2024 | 12:10 AM

Pharmacy operator Fontana Limited recorded a dip in profit due to higher taxation, but the outlook remains strong. “Our second quarter is anticipated to be the best yet!” Fontana declared in the preface to its financials, referencing the October-...

Published:Friday | December 6, 2024 | 12:10 AM

Britain’s new Labour government will launch a consultation on auto manufacturers’ sales targets during the transition to electric vehicles, following the recent decision by Stellantis, the owner of Vauxhall, to close its van factory in southern...

Published:Thursday | December 5, 2024 | 12:10 AM

Members of a United States Senate subcommittee took aim at airline executives Wednesday for using an expanding menu of fees to charge customers for early boarding, better seats and other comforts that used to be part of the ticket price. Senator...

Published:Wednesday | December 4, 2024 | 6:20 PM

Motorists will pay less for gas when they go to the pumps on Thursday. The state-owned oil refinery, Petrojam, says E-10 87 is to move down by $3.06 to sell for $155.07 per litre and a litre of E-10 90 will down by $3.06 to sell for $164.04....

Published:Wednesday | December 4, 2024 | 12:07 AM

A Stellantis joint venture with Samsung SDI has won a commitment from the United States government for up to a US$7.54 billion loan to help build two electric vehicle battery plants in Kokomo, Indiana. The project being built by StarPlus Energy LLC...

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