Sixty years after it invented sports drinks, Gatorade is making a surprising pivot: It’s no longer focusing primarily on athletes. PepsiCo, Gatorade’s parent company, said Thursday that the brand wants to broaden its reach to non-athletes who are...
The Associated Press (AP), one of the world’s oldest and most influential news organisations, said on Monday it is offering buyouts to an unspecified number of its US-based journalists as part of an acceleration away from the focus on newspapers...
Passenger arrivals at Jamaica’s two international airports declined in March, reflecting shocks from Hurricane Melissa at Sangster International Airport in Montego Bay, according to new disclosures by airport operator Pacific Airport Group (GAP)....
Two reports about recent speeches in this newspaper were the stimuli. The first was made by Montego Bay Chamber of Commerce and Industry President and entrepreneur, Jason Russell. State Minister in the Ministry of Industry, Investment, and Commerce...
The American economy, slowed by last autumn’s 43-day government shutdown, grew at a sluggish 0.5 per cent annual pace from October through to December, the Commerce Department reported on Thursday in a downgrade of its previous estimate. US gross...
The number of Federal Reserve policymakers willing to consider an interest rate hike this year rose between the January and March meetings, as higher gas prices stemming from the Iran war threatened to worsen inflation in the coming months. Minutes...
US applications for unemployment benefits rose last week before Iran, Israel and the US announced a two-week ceasefire deal that injected a degree of optimism into a still-clouded global economic picture. The number of Americans applying for...
European Union (EU) envoys gathered on Wednesday, with most cautiously optimistic that a massive loan to help meet Ukraine’s military and financial needs for the next two years is close to being approved after months of deadlock. Meeting in...
Motorists will need more cash to buy gas come Thursday. The state-owned oil refinery, Petrojam, says on Thursday, E-10 87 will move up by $4.50 to sell for $181.13 per litre and a litre of E-10 90 will also go up by $4.50 to sell for $188.57....
Jamaicans and local businesses moved the equivalent of J$95 billion into US dollar accounts at a pace six times faster in 2025 than the year before, amid Hurricane Melissa uncertainty, according to the Bank of Jamaica’s (BOJ) 2025 annual report....
Consumer and business confidence in Jamaica delivered mixed results in the first quarter of 2026. Households recovered some ground lost after Hurricane Melissa, but businesses became more cautious as they grappled with higher costs and lower...
Artificial intelligence company Anthropic has agreed to commit more than US$100 billion to Amazon’s AWS cloud platform over the next 10 years to train and run its Claude chatbot. Amazon will invest US$5 billion immediately as part of the new...
The Fair Trading Commission’s (FTC) staff has raised no objection to a proposed joint venture to print the Jamaica Observer and The Gleaner at a central location under a jointly owned entity. The FTC’s executive director, David Miller, will make...
Taiwan’s chipmaker TSMC, one of the world’s largest companies, reported a 58 per cent jump in profit on Thursday for the January-March quarter, thanks to strong demand driven by the artificial intelligence (AI) boom even as the Iran war was driving...
Cross country bus service, Knutsford Express Services Limited (KEX) argued that the rise in petrol prices due to the conflict in the Middle East could benefit its business. CEO Oliver Townsend said the increase in fuel costs pitches the company’s...
Jamaica’s legal cannabis industry was valued at US$63 million, or more than J$10 billion, in 2025, up nearly two-thirds higher year-on-year, according to the Cannabis Licensing Authority (CLA), which regulates the legal sector. The CLA’s figure...
Apple CEO Tim Cook is stepping down from the job that he inherited from the late Steve Jobs, ending a 15-year reign that saw the company’s market value soar by more than US$3.6 trillion during an iPhone-fuelled era of prosperity. Cook, 65, will...
Oil prices are climbing Monday following the latest rise of tensions between the United States and Iran, but the moves are more modest than they were earlier in the war. US stocks, meanwhile, are giving back a bit of their record-breaking rally....
The Private Sector Organisation of Jamaica ( PSOJ ) has announced that Founder and Executive Chairman of the Guardsman Group, Kenneth 'Kenny' Benjamin, will be inducted as the 32 nd member of the PSOJ Hall of Fame. As founder of the Guardsman...
Jamaica does not have the luxury of fearing advanced artificial intelligence. More than any algorithm, we should fear being poor, vulnerable, inefficient, and leaving an inheritance of indebtedness for future generations. While the world...
The streets of Kingston were filled with revellers dancing in the soca economy as Sunday turned to Monday. Behind the costumes and road-march revelry, a more sober calculation is taking shape – whether there were fewer revellers, less spend, and...
Quantas Advantage Inc, led by former bank executives, aims to raise US$9.4 million through an initial public offering (IPO) on the Jamaica Stock Exchange, with plans to upsize the offering to US$15.5 million, provided demand warrants. “The funding...
University of the West Indies (UWI) economist Dr Damien King hopes Jamaica never strikes commercially viable oil – and he means it. King, who lectures in economics at UWI, fears what development economists call the ‘resource curse’ – a pattern in...
Fraudsters are counterfeiting Jamaica’s plastic polymer banknotes, according to the regulator in its annual report. The Bank of Jamaica (BOJ), however, insists it still detected three times more cotton fakes than polymer fakes in 2025. Specifically...
Insurance companies received a near sixfold increase in reinsurance funds to settle claims arising from Hurricane Melissa, according to the latest data from the Financial Services Commission (FSC), which regulates the sector. “This significant...
