A Delaware judge has reaffirmed her ruling that Tesla must revoke Elon Musk’s multibillion-dollar pay package. On Monday, Chancellor Kathaleen St Jude McCormick denied a request by attorneys for Musk and Tesla’s corporate directors to vacate her...
China announced Tuesday it is banning exports to the United States of gallium, germanium, antimony and other key high-tech materials with potential military applications, as a general principle, lashing back at US limits on semiconductor-related...
A majority of United States Supreme Court justices didn’t seem convinced Monday that federal regulators misled companies before refusing to allow them to sell sweet-flavoured vaping products following a surge in teen e-cigarette use. The...
Michael Lee-Chin, chairman of NCB Financial Group Limited, plans to help his workforce of over 5,560 become “exportable” to drive growth and double profits. It aligns with the investor’s broader philosophy for freer movement of labour and capital...
A survey of salaries conducted among 119 companies in 20 Caribbean countries released this week indicates that Jamaica may have the lowest salaries in the region on average. According to the survey, the salaries in Jamaica fell below the regional...
PAC Kingston Airport Limited, the operator of Norman Manley International Airport, NMIA, plans to double its investment in capital projects in 2025. “We expect to spend US$37 million this year and US$75 million next year,” said Sitara English-...
Mexico’s Senate has voted to eliminate seven independent regulatory and oversight agencies, a move that critics warn will cement the ruling party’s power and avoid outside scrutiny. President of Mexico Claudia Sheinbaum calls it a money-saving...
The Inter-American Development Bank, IDB, says Caribbean countries will receive US$18.4 billion in remittances, reflecting two per cent growth, similar to that observed in 2023. The IDB is projecting that remittances to countries in Latin America...
The world is losing a winnable battle. United Nations Secretary General António Guterres warns that the 2030 UN Sustainable Development Goals, or SDGs, are on the verge of becoming “the epitaph for a world that might have been”. Can the patient be...
Stating that they play an important role in the functioning of Jamaica’s economy, debt collection agencies are pushing for greater recognition from the government so they can have greater leverage to recover monies on behalf of their clients....
The Fair Trading Commission, FTC, is projecting $54 million in savings for consumers over three years, if the credit bureau sector were to set a central sharing system. Such a system, it said, “would stimulate competition and efficiencies in the...
Negotiators working on a treaty to address the global crisis of plastic pollution for a week in South Korea won’t reach an agreement and plan to resume the talks next year. They are at an impasse over whether the treaty should reduce the total...
As the world tunes in to the return of Donald Trump to the presidency of the United States, Jamaica must brace for the impact of what promises to be another turbulent political era. Businesses and entrepreneurs must closely monitor developments in...
Is it all over for Basel 3.1, or what is known in the United States as the ‘Basel Endgame’? Should we kiss goodbye to the Basel Committee and the very idea of global banking-supervision accords that establish minimum capital requirements? Many...
“The principal objectives of the bank shall be the maintenance of price stability and financial system stability with the primary objective being the maintenance of price stability.” This is the mandate of the Bank of Jamaica, BOJ, under the Bank...
What does the Government of Jamaica’s Fiscal Policy Paper for 2024/25 and a big private sector financial group’s consolidated audited financial statements for the period ending March 31, 2024, have in common? Answer: they spend many pages...
By year end, used car dealer Jetcon will be turning the page on the business that has been its mainstay for the past 35 years. The company will shift to selling new cars. Speaking after the company’s annual general meeting on Wednesday, CEO Andrew...
Several states in Brazil are trying to rid themselves of rainforest protections, bowing to pressure from cattle ranchers and soybean growers to cut down trees and expand agriculture. Their efforts run counter to those of President Luiz Inácio Lula...
Student accommodation company 138 Student Living Jamaica Limited is still hunting for a solution for its debt load of $3.2 billion year ending September. The company spent $331.78 million over the financial year to service the debt, down from $360....
Two years behind schedule, in 2022 the world’s developed countries finally fulfilled their 2009 pledge to mobilise US$100 billion annually to support developing countries’ climate efforts. But now it is time to look beyond this milestone. The clean...
With inflation still elevated, United States Federal Reserve officials expressed caution at their last meeting about cutting interest rates too quickly, adding to uncertainty about their next moves. Even if inflation continued declining to the Fed...
Walmart’s sweeping rollback of its diversity policies is the strongest indication yet of a profound shift taking hold at companies in the United States that are re-evaluating the legal and political risks associated with bold programmes to bolster...
Two groups representing large and small businesses in Jamaica are looking forward to meeting with the government to hear details of its plan to pivot to economic growth, following Prime Minister Andrew Holness’ policy briefing last week. Although...
On his way out the door at Proven, investment banker and entrepreneur Christopher Williams has found a new challenge. He has set up a new company called Spark FDI Limited, which will operate as a private-sector promotion agency aimed at driving...
