American Airlines has announced a massive order for new planes, splitting 260 new aircraft between Boeing, Airbus and Embraer in a move designed to meet growing travel demand and increase the airline’s supply of premium seats. American said it...
China’s blueprint for its economy in 2024 is replete with goals and promises, but it’s also notable for not spelling out specific moves to attain long-promised reforms that foreign businesses and investors have been hoping for. The work report...
It was an off-the-record, online conversation about the state of the world. Nobel laureates, former government officials, and hedge-fund managers held forth on geoeconomics, warfare, artificial intelligence, green investments, how to avoid the next...
More than a year after its listing on the stock market and a more than one-third spike in annual sales revenue, Regency Petroleum Company, RPL, is bullish on business in 2024 amid expansion. After delays, the petroleum marketing company has...
China aims to achieve five per cent economic growth this year, Premier Li Qiang said Tuesday, acknowledging that it will be a challenging goal in difficult times. In his address to the annual session of the National People’s Congress, Li outlined...
Bitcoin briefly hit an all-time high on Tuesday – with the world’s largest cryptocurrency surpassing US$68,800, according to CoinMarketCap. That’s just above bitcoin’s previous record set in November 2021. The price of the volatile asset is up...
Investment company Mayberry foresees a “sexy” stock market emerging by year end, based on government’s enlarged budget, which the company’s officers describe as positioning for the general election. “We now have a clear runway to the general...
A ruling on the landmark case over bank fees has been set for October 1. At that time, the court is expected to rule whether banks have a right to charge fees for certain services or whether more evidence will have to be presented to make a...
Chevron has warned that its pending US$53-billion acquisition of Hess may be in jeopardy because it will require the approval of Exxon Mobil Corp and a Chinese national oil company, which both hold rights to development of an oilfield off the coast...
JetBlue Airways and Spirit Airlines are ending their proposed US$3.8 billion merger weeks after a federal judge blocked the deal, saying it would hurt consumers who depend on Spirit’s lower fares. JetBlue said Monday that even though both companies...
Elon Musk is suing OpenAI and its CEO, Sam Altman, over what he says is a betrayal of the ChatGPT maker’s founding aims of benefiting humanity rather than pursuing profits. In a lawsuit filed at San Francisco Superior Court, billionaire Musk said...
In a new lawsuit in the United States against Meta, 41 states and the District of Columbia argue that two of the company’s social-media products – Instagram and Facebook – are not just addictive but detrimental to children’s well-being. Meta is...
Sagicor Group Jamaica Limited, SGJ, has made annual profit of $14.4 billion for its shareholders, recording gains on all its main business segments, except for investment banking due to the continuing effects of elevated interest rates. “In Jamaica...
As a leader, you already know that organisations in both the private and public sector need to think long term. Hence, you can instantly identify common explanations. But there are some nagging corporate problems that don’t seem to have anything...
ChatGPT-maker OpenAI is looking to fuse its artificial intelligence systems into the bodies of humanoid robots as part of a new deal with robotics start-up Figure. Sunnyvale, California-based Figure announced the partnership Thursday along with US...
Brazil’s finance minister told his peers Thursday at a G20 meeting in São Paulo that countries should implement a global tax on the superrich in an effort to tackle rampant tax evasion. Fernando Haddad said tax evasion can be resolved through...
The Tourism Workers Pension Scheme, TWPS, differs in many ways from other pension schemes but could hold the key to opening up the way to raise the level of participation in retirement schemes. In last week’s column, we were able to see several...
American natural gas supplier New Fortress Energy, NFE, racked up record profit of US$548 million year, bettering its previous annual outturn by 180 per cent. “This year was a record by all of our reported metrics,” said Wes Edens, NFE president...
You were walking next to a swimming pool when you slipped and dropped your phone into the water. Or it slipped out of your hand when you were next to a filled bathtub or toilet. However, your smartphone got wet, you now need to dry it. But what do...
Local activists and international environmental groups want Nigeria’s government to delay approving the sale of oil company Shell’s onshore assets, claiming that Shell is trying to shirk its environmental and social responsibilities in the highly...
Caribbean Cement Company’s performance beat wider construction sector activity, but its bottom line growth was moderate at just three to four per cent. The outlook for Jamaica’s sole cement maker and producer of the Carib Cement brand remains...
One of the defining economic challenges of our time is how to distribute the value generated by groundbreaking technologies, such as generative artificial intelligence and recent innovations in biomedicine and manufacturing, which rely on massive...
Profit at Barita Investments Limited halved to $480 million in the December first quarter from $1 billion a year earlier due to reduced gains from real estate. Still, Barita’s outlook sees the securities dealer continuing its focus on real estate...
Citing potential national security risks, the Biden administration says it will investigate Chinese-made smart cars that can gather sensitive information about Americans driving them. The probe could lead to new regulations aimed at preventing...
An inflation gauge favoured by the US Federal Reserve increased in January, the latest sign that the slowdown in consumer price increases is occurring unevenly from month to month. The United States government reported on Thursday that prices rose...
