The partnership to explore Jamaica for gold and copper will see Geophysx Jamaica sharing its knowledge, and assets, while global mining giant Barrick Gold Corporation will finance new research and drilling. “Under this agreement, Barrick will be...
Why is inflation going down in Argentina? Because it went up massively late last year. Why might inflation rise again in Argentina? Because it has been falling in recent months. Those are the two main conclusions of a wonderful recent paper by two...
Former Starbucks CEO Howard Schultz says the company’s leaders should spend more time in stores and focus on coffee drinks as they work to turn around flagging sales. In a LinkedIn post published over the weekend, Schultz said many people had...
The number of fish on the government’s overfishing list sunk to a new low last year in a sign of healthy American fisheries, federal officials said. The National Oceanic and Atmospheric Administration, NOAA, released an updated analysis of American...
The Federal Aviation Administration, FAA, said on Monday it has opened an investigation into Boeing after the beleaguered company reported that workers at a South Carolina plant falsified inspection records on certain 787 planes. Boeing said its...
Federal highway safety investigators in the United States want Tesla to tell them how and why it developed the fix in a recall of more than 2 million vehicles equipped with the company’s Autopilot partially automated driving system. Investigators...
The Walt Disney Company swung to a loss in its second quarter because of restructuring and impairment charges, but its adjusted profit topped expectations and its streaming business turned a profit. Theme parks also continued to do well and the...
Staatsolie Maatschappij Suriname NV says it is looking ahead with confidence notwithstanding a fall in oil revenue at the state-owned company. In a statement, Staatsolie said it will continue with developments in the offshore sector this year and...
The Suriname Guyana Chamber of Commerce, SGCC, says it has signed a memorandum of understanding with a number of private-sector organisations, including the Berbice Chamber of Commerce and Development Association, Central Corentyne Chamber of...
The Tourism Product Development Company, TPDCo, plans to spend just over $50 million to set up destination “jamiconic” signs at five destinations frequented by tourists. The locations are Falmouth, Ocho Rios, Holland Bamboo, Port Royal, and Hope...
The IFC, the private sector arm of the World Bank Group, plans to invest US$15 million and provide technical support in the ongoing second round of funding for Portland Caribbean Fund III, managed by Portland Private Equity. The IFC investment...
Apple Inc disclosed its steepest quarterly decline in iPhone sales since the pandemic’s outset, deepening a slump that’s increasing the pressure on the trendsetting company to spruce up its products with more artificial intelligence. The 10 per...
Japanese Prime Minister Fumio Kishida unveiled an international framework for regulation and use of generative AI on Thursday, adding to global efforts on governance for the rapidly advancing technology. Kishida made the announcement in a speech...
Caribbean Cement Company Limited, the sole maker of cement in Jamaica, racked up more than $7 billion in sales over three months ending March and reported increased profits, reflecting the robustness of the construction sector. Its performance also...
Google’s pre-eminence as an internet search engine is an illegal monopoly propped up by more than US$20 billion spent each year by the tech giant to lock out competition, Justice Department lawyers argued at the closings of a high-stakes antitrust...
With the midday sun blazing, an experimental orange and white F-16 fighter jet launched with a familiar roar that is a hallmark of the United States’ airpower. But the aerial combat that followed was unlike any other: This F-16 was controlled by...
What industry will replace business process outsourcing as we know it today? That’ is the labour force and job-creation conundrum that now demands entrepreneurial response and intervention in 2024. Jamaica needs an answer today because the writing...
The aims of Jamaica’s Access to Information Act 2004, ATI, are to reinforce and give effect to certain fundamental principles underlying the system of constitutional democracy, namely, governmental accountability, transparency, and public...
Life insurance companies put a strong premium on the insurability of prospective clients who seek to protect the loved ones they might leave behind in the event of death by using the wide range of products offered by the insurers. For prospects who...
Elon Musk’s move to lay off the department responsible for Tesla’s electric vehicle chargers has touched off worries in the auto industry that EVs from other automakers will have trouble joining Tesla’s network. Several leaders of Tesla’s...
In a mad mix of game-show glitter and marketing flash, Airbnb is offering customers a chance to spend a night in a Paris museum, stay in houses mocked up to look like movie settings, or sleep surrounded by eight Ferrari racing cars. Those and other...
The United States Federal Reserve on Wednesday emphasised that inflation has remained stubbornly high in recent months, and said it doesn’t plan to cut interest rates until it has “greater confidence” that price increases are slowing sustainably to...
The US Drug Enforcement Administration, DEA, is moving towards reclassifying marijuana as a less dangerous drug. The Justice Department proposal would recognise the medical uses of cannabis, but wouldn’t legalise it for recreational use. The...
