Trinidad is to be compensated by a United Kingdom fund for ‘the ongoing oil spill clean-up’ in its sister island, Tobago. Early estimates, according to a report in this newspaper, put the damage at US$20 million. Tobago’s economy is very dependent...
Two Citgo oil executives detained for nearly five years in Venezuela have sued their former employer for more than US$400 million, alleging that it conspired to lure them to the South American country under a false pretext and then abandoned them...
Boeing officials explained their plan to improve manufacturing quality and safety during a three-hour meeting Thursday with federal officials, who will continue restrictions they placed on the company after one of its jetliners suffered a blowout...
The world urgently needs a new global framework that emphasises equity and draws on the lessons of the COVID-19 pandemic. Yet as the World Health Assembly gets under way, member states’ failure to meet their deadline for a pandemic agreement looms...
St Kitts-Nevis is dealing with two lawsuits over its citizenship by investment or CBI programme, locally and in the United States, Prime Minister Dr Terrance Drew acknowledged on Monday. One of the legal proceedings is a judicial review claim filed...
The Spectrum Management Authority, SMA, this week announced plans to sell new spectrum for US$24 million to deliver high-speed internet to remote communities. The selected candidate will be given a decade to pay for the spectrum in instalments. “We...
More than four million chickens in Iowa will have to be killed after a case of the highly pathogenic bird flu was detected at a large egg farm, the state announced Tuesday. Crews are in the process of killing 4.2 million chickens after the disease...
The United States lifted some financial restrictions against Cuba on Tuesday, in a move designed to boost private businesses on the island. The measures will allow independent entrepreneurs to open and access US bank accounts online to support...
Hopes for interest rate cuts this year by the US Federal Reserve are steadily fading, with a stream of recent remarks by Fed officials underscoring their intention to keep borrowing costs high as long as needed to curb persistently elevated...
ConocoPhillips is buying Marathon Oil in an all-stock deal valued at approximately US$17.1 billion as energy prices rise and big oil companies reap massive profits. The deal is valued at US$22.5 billion when including US$5.4 billion in debt. Crude...
American Airlines is lowering some of its second-quarter financial forecasts and has announced the departure of its chief commercial officer. The airline said in a regulatory filing with the Securities and Exchange Commission that it now...
Petrojam Limited will replace obsolete and unsafe equipment in the first major upgrade of its power distribution facility since the refinery was established six decades ago. Jamaica’s sole petroleum refinery aims to develop “a new power facility,...
The International Monetary Fund, IMF, has upgraded its forecast for China’s economy, while warning that consumer-friendly reforms are needed to sustain strong, high-quality growth. The IMF’s report, issued late Tuesday, said the world’s second-...
DALLAS (AP): BAD WEATHER forced the abandonments of the T20 matches between United States and Bangladesh outside Dallas and England vs Pakistan in Cardiff, Wales, yesterday, denting the four teams’ preparations for the upcoming World Cup. The US-...
The Jamaican economy expanded by 1.9 per cent in the January-March quarter, stymied by slowing housing starts, according to preliminary estimates from the Planning Institute of Jamaica. Real estate, a star performer during the start of the pandemic...
President Joe Biden’s administration has just announced 100 per cent tariffs on electric vehicles manufactured in China, prompting Donald Trump to promise a 200 per cent tariff on Chinese cars made in Mexico if he is elected in November. Neither...
Debates about technology have increasingly been reduced to stark dichotomies. Artificial intelligence should be curtailed, or it should be accelerated: thesis and antithesis, but no synthesis. Rather than picking a side, we should consider...
The latest credit union merger involving Gateway and EduCom has got approval from their memberships, shrinking the movement once again. But the umbrella body that speaks for all credit unions, JCCUL, says it’s likely that even more tie-ups will be...
OpenAI says it’s setting up a safety and security committee and has begun training a new artificial intelligence model to supplant the GPT-4 system that underpins its ChatGPT chatbot. The San Francisco start-up said in a blog post Tuesday that the...
As economies in Asia and the Pacific slow and grow older, countries need to do more to ensure that workers get the education, training and social safety nets needed to raise incomes and ensure social equity, a United Nations report said on Tuesday...
An American quarry company on Monday rejected the Mexican president’s campaign of criticisms and closures, as well as his offer to buy its property on the Caribbean coast. In July, President Andrés Manuel López Obrador offered to buy the American...
The UK company exploring for oil offshore Jamaica has now put a US$70-billion estimate on the value of petroleum reserves likely lying under Jamaica’s waters waiting to be tapped. Were those numbers to be proved through further exploration and...
American Airlines has replaced the law firm that told a judge a 9-year-old girl was negligent in not noticing there was a camera-phone taped to the seat in an airplane lavatory. An airline spokesperson confirmed on Friday that the Wilson Elser law...
Bird flu has been detected in beef for the first time, the US Department of Agriculture has announced, but officials said the meat from a single sickened dairy cow was not allowed to enter the nation’s food supply and beef remains safe to eat. The...
The introduction of the world’s newest currency in April inspired a reggae artist to record a song praising the ZiG, or Zimbabwe Gold. The catchy tune, titled “Zig Mari” received generous play on state television and radio. The musician, Ras Caleb...
