Imagine a world where China has supplanted the United States atop the world economy, and the renminbi, not the greenback, is the global reserve currency. This scenario would be disastrous for American citizens, businesses, and allies. Given America...
Nissan reported Thursday a loss for the latest fiscal quarter as its vehicle sales sank while costs and inventory ballooned, prompting the Japanese automaker to slash 9,000 jobs. Chief Executive Makoto Uchida said he was taking a 50 per cent pay...
High shipping costs, outdated infrastructure and the proper use of the land around the Port of Kingston have been identified as some of the hurdles that need to be overcome if Jamaica is to take its place as a world-class logistics hub, port and...
Omni Industries Limited, a trader in plastic products for household and industrial use as well as supplier of pipes and fittings, reported higher profit despite an economic slowdown and the impact of Hurricane Beryl. Pretax profit totalled $38...
As a leader, you have big aspirations for your people. However, the more you express them, the more opposition builds. How do you get past jaded sentiments and resigned responses to your hopeful view of the future? Case in point: Jamaica’s biggest...
Artificial intelligence has been discussed in this column a few times. The term was used on the premise that most readers understood what it is and recognised the profound impact that it will have in the short and long term. I now believe that my...
The National Insurance Scheme, NIS, and approved retirement schemes – one government-sponsored, the other privately sponsored – have both come into being through laws enacted by the government. Both are meant to give benefits to defined members of...
Cybersecurity Awareness Month was just celebrated in October, the perfect time to learn how to protect yourself from scams. “Scams have become so sophisticated now. Phishing emails, texts, spoofing caller ID, all of this technology gives scammers...
Raoul Glynn is no longer Managing Director of the Trinidad-based West Indian Tobacco Company (WITCO) following an internal investigation. He is also no longer Country Manager for British American Tobacco (BAT) Caribbean. A notice from LATAM...
The United States Federal Reserve cut its key interest rate Thursday by a quarter point in response to the steady decline in the once-high inflation that had angered Americans and helped drive Donald Trump’s presidential election victory this week...
Around 50 European leaders on Thursday called for a stronger defence posture across the continent that no longer necessitates a fundamental dependence on Washington as they gave a guarded welcome to incoming US President Donald Trump. The European...
MPC Caribbean Clean Energy Limited , MPCCEL, announced plans to sell its shares in Paradise Park, a solar power plant based in Westmoreland, by the first quarter of 2025. The sale price was not disclosed. The company says on its website that its...
Solar power has been the star of the clean energy transition, delivering major benefits for the climate, the cost of living, and energy security. With an average annual growth rate of almost 30 per cent over the last decade, the market for solar...
A historic agreement that’s helped curb deforestation in Brazil’s Amazon for nearly two decades suffered a major blow after Mato Grosso, the country´s largest soybean-producing state, passed a law ending incentives for participating processing and...
Wigton Windfarm Limited, now renamed Wigton Energy Limited, continues to expand its footprint in the corporate solar market amid profit of $144 million in profit for the September second quarter. The company recently completed the installation of...
It will be more than four years before the long-anticipated Caymanas Special Economic Zone, CSEZ, is implemented, according to the President of the Port Authority of Jamaica, Professor Gordon Shirley. The CSEZ, located in proximity to the Port of...
The price of bitcoin hit a new high on Wednesday and crypto-related shares rallied as investors bet that former President Donald Trump’s victory in the United States presidential election will be a boon for cryptocurrencies. Bitcoin jumped nearly...
The Caribbean Broilers Group is promising a shift in best practices as it partners with Irish research company Devenish Nutrition to commission the first R...
Trustees of pension funds hold significant responsibilities, carrying rights and obligations to safeguard the financial well-being of plan participants and beneficiaries. Their primary right is the authority to make investment decisions, but this...
As photo opportunities go, the one offered by the BRICS summit in Kazan, Russia, was not particularly inspiring: five autocrats and three democratically elected leaders lending their support to a dictator who cannot leave his country because of an...
It’s one of the most under-publicised policies of some of the biggest American retailers: sometimes they give customers full refunds and let them keep unwanted items too. Returnless refunds are a tool that more retailers are using to keep online...
A judge of the Supreme Court has ordered compensation for the late Lloyd Wilson’s estate after determining that some of his shares in Ideal Betting Company Limited were unlawfully transferred to principal owner Donovan Lewis. The lawsuit was...
Amazon reported a boost in its quarterly profits, while exceeding revenue estimates. For the three months ending September 30, the Seattle-based tech giant posted revenue of US$158.9 billion, higher than the US$157.28 billion analysts had expected...
The United Arab Emirates opened its annual oil and gas summit on Monday as it plans to increase the country’s energy output as global prices stay volatile and world politics remain uncertain ahead of the United States’ presidential election. The...
