Mexico’s first female president, Claudia Sheinbaum, will take office on October 1, and for at least the first half of her six-year mandate, the coalition of parties that brought her to power will have a majority in both houses of Congress....
NOTE TO LAYOUT: --- THE HEADLINE IS INTENDED FOR ONLINE. THE PHOTO WILL APPEAR AS A STAND-ALONE ON THE WEBSITE --- --------------------------------------------------------- An unnamed team from the Intellectual Property Unit of the Counter...
Jamaica’s first casino is expected to open for business in 2025, a government official indicated this week. It’s to be built by the Princess hotel chain at its resort complex that’s under development in Hanover. The gambling house is a key...
The cost of your next flight is likely to go up. That’s the word from the International Air Transport Association, which held its annual meeting in Dubai, home to the long-haul carrier Emirates. While carriers recover from the groundings...
Cinema operator Palace Amusement Company generated more than $400 million in revenue in the March quarter, amid a new record for ticket sales that’s attributed to the draw of the Bob Marley: One Love movie, a biographical film on the Jamaican...
Two of the three Lasco-affiliated companies listed on the Jamaica Stock Exchange made higher profit for the financial year ending March 2024, but the financial arm struggled a bit. Lasco Distributors Limited’s profit totalled $1.4 billion, up seven...
Two-and-a-half years after Jamaica Producers Group partnered with Norbrook Equity Partners to acquire Grupo Alaska SA, the two companies have sold the ice and bottled water operation in Dominican Republic. The size of the deal was not disclosed....
Saudi Arabia and allied oil producing countries on Sunday extended output cuts through next year, a move aimed at supporting slack prices that haven’t risen even amid turmoil in the Middle East and the start of the summer travel season. The OPEC+...
Generative artificial intelligence has captured the world’s imagination because it appears likely to automate tasks that previously required advanced cognitive skills. With it, there is a real prospect that many highly educated and experienced...
On a tiny island off Panama’s Caribbean coast, about 300 families are packing their belongings in preparation for a dramatic change. Generations of Gunas who have grown up on Gardi Sugdub in a life dedicated to the sea and tourism will trade that...
Mexico’s newly elected president, the first woman to win the job, faces a long list of challenges, including persistent cartel violence, a deeply divided country, cash-straitened social programmes and the long shadow of her mentor, outgoing...
Brazil has hundreds of millions of cows, but one in particular is extraordinary. Her massive, snow-white body is watched over by security cameras and an armed guard. Worth US$4 million, Viatina-19 FIV Mara Movéis is the most expensive cow ever sold...
JCCUL, the umbrella body which acted as overseer of credit unions, is itself in the process of transitioning to a new role now that the community banks are to be placed under the watchful eye of the central bank. Robin Levy, CEO of the Jamaica Co-...
A Jamaican investment group, led by Norbrook Equity Partners Limited, has bought into the KFC and Dairy Queen franchises in Panama. Norbrook, backed by JMMB Group, along with minority investors Sygnus Deneb Investments, and FirstRock Private Equity...
Tropical Battery Company Limited acquired Silicon Valley, California-based Rose Rose Electronics for almost US$20 million. The deal closed on January 30, but financial details of the transaction were previously undisclosed. “Tropical Battery...
Petroleum marketing company, Regency Petroleum Company Limited, RPL, is actively seeking out partnerships as its chosen means of building out its dealership network that already has two outlets in operation and one that’s in the process of...
Toyota Chairman Akio Toyoda apologised Monday for massive cheating on certification tests for seven vehicle models as the automaker suspended production of three of them. The wide-ranging fraudulent testing at Japan’s top automaker involved the...
NEW YORK (AP) — A technical issue caused the temporary halt for some stocks listed on the New York Stock Exchange Monday, including at least one whose price briefly fell nearly 100 per cent. Berkshire Hathaway, the company run by famed...
The money market is for interest-earning securities, which tend to have maturities of up to one year and generally maintain their value during that time. This is the class of financial instruments that gives its name to money market unit trusts and...
It is high time for a transformation. As the largest purchaser of goods and services in Jamaica, and one of the most significant in the region, our government must boldly embrace progressive public procurement and government contracting. This shift...
The arrival of new technologies tends to stoke widespread anxiety, most commonly about automation and displacement of human workers. The Luddites at the beginning of the industrial age are, perhaps, the most frequently cited example of this...
GraceKennedy Group CEO Don Wehby is not expecting the pressures on business from high interest rates and inflation to ease right now. “I really believe that inflation, the biggest monster, we have to get that under control so interest rates will...
Gaming and entertainment company Supreme Ventures Limited, SVL, is already seeing a rebound from its 20 per cent profit decline last year, based on its first quarter results, according to Executive Chairman Gary Peart. The SVL Group experienced...
Google said Friday it has made “more than a dozen technical improvements” to its artificial intelligence systems after its retooled search engine was found spitting out erroneous information. The tech company unleashed a makeover of its search...
