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Business

Published:Sunday | April 28, 2024 | 12:07 AMMariana Mazzucato and David Eaves - Guest Columnists

Economics has always had a strange and much-debated relationship with money. For a long time, economists – including Nobel laureates like Merton Miller and Franco Modigliani – regarded money merely as a medium of exchange. But by building on the...

Published:Sunday | April 28, 2024 | 12:07 AM

The cities that some 4.4 billion people call home are increasingly at risk of catastrophic climate-driven events. Rising sea levels and flooding threaten coastal megacities like New York City and Jakarta, and extreme heat waves, like those that...

Published:Sunday | April 28, 2024 | 12:06 AM

Tropical Battery Company Limited will turn to the stock market to raise more equity later this year amid plans to continue growing the company. Tropical Battery, which went public in 2020 and is listed on the junior market of the Jamaica Stock...

Published:Sunday | April 28, 2024 | 12:06 AM

When Anna Branch, 37, had her hours at work reduced at the start of the pandemic in 2020, she suddenly noticed ads for an app called EarnIn. “You know how they get you — the algorithms — like they’re reading your mind,” Branch said. “The ad said I...

Published:Sunday | April 28, 2024 | 12:05 AM

London-based model Alexsandrah has a twin, but not in the way you would expect: Her counterpart is made of pixels instead of flesh and blood. The virtual twin was generated by artificial intelligence and has already appeared as a stand-in for the...

Published:Friday | April 26, 2024 | 10:58 AM

The NCB Financial Group plans to raise $5 billion in its additional public offer (APO) with the option to upsize to $7.5 billion. “NCB Financial has placed considerable and deliberate focus on 'future-proofing' its businesses and in...

Published:Friday | April 26, 2024 | 12:08 AM

Southwest Airlines will limit hiring and stop flying to four airports as it copes with weak financial results and delays in getting new planes from Boeing. Both Southwest and American Airlines reported first-quarter losses Thursday. Demand for...

Published:Friday | April 26, 2024 | 12:08 AM

How about turning a car’s front bucket seats 180 degrees so they face the rear seats and extending out a table so the occupants can play cards or eat a meal? Or a 43-inch (109 centimetre) screen for the passengers in the back seat? The seemingly...

Published:Friday | April 26, 2024 | 12:08 AM

Shares in United Kingdom-based mining giant Anglo American surged Thursday after it received a £31 billion (US$39 billion) takeover approach from rival BHP Billiton, a deal that would create the world’s biggest copper miner, with around 10 per cent...

Published:Friday | April 26, 2024 | 12:08 AM

Business executive Gary Barrow will become the next head of Wigton Windfarm Limited in the newly created post of chief executive officer, starting May 6. Barrow, whose last job was with power utility Jamaica Public Service Company Limited, where he...

Published:Friday | April 26, 2024 | 12:07 AM

Violence lurks in nearly all of Latin America’s major cities. Even capitals that have traditionally been considered peaceful are coming to resemble hotspots such as Reynosa, Tijuana, Port-au-Prince, Rio de Janeiro and Cali. In fact, though Latin...

Published:Friday | April 26, 2024 | 12:07 AM

The Guyana government said on Monday that it has signed an agreement with Reunion Gold Corporation aimed at establishing stable fiscal and operating conditions for the Oko West gold project. The key components of the minerals agreement include...

Published:Friday | April 26, 2024 | 12:07 AMSteven Jackson - Senior Business Reporter

Jamaica’s aviation regulator wants to develop a master plan that addresses expected passenger growth, the dearth of local operators, and the impact of aircraft such as drones, the technology around which is still emergent. The plan, to span 25...

Published:Thursday | April 25, 2024 | 12:09 AM

The Biden administration issued final rules on Wednesday to require airlines to automatically issue cash refunds for things like delayed flights, and to better disclose fees for baggage or cancelling a reservation. The United States Transportation...

Published:Wednesday | April 24, 2024 | 6:53 PM

The price of gas is going down by $1.06 on Thursday. The state-owned oil refinery, Petrojam, says E-10 87 will sell for $176.20 per litre and a litre of E-10 90 will sell for $182.49. Automotive diesel oil will move down by $1.81 per litre to...

Published:Wednesday | April 24, 2024 | 12:11 AM

Prime Minister of St Vincent and the Grenadines Dr Ralph Gonsalves has written to the World Bank opposing a move to increase its interest rate and shorten loan repayment periods to countries. In his letter, which was also copied to 193 leaders...

Published:Wednesday | April 24, 2024 | 12:11 AM

Mayberry Jamaican Equities Limited, MJE, plans to raise up to $3.3 billion in a bond offer that closes next month. The coupon rates are slightly lower than the large bond raised by its parent a year earlier. The company said it intends to use the...

Published:Wednesday | April 24, 2024 | 12:10 AM

Simmering tensions between Beijing and Washington remain the top worry for American companies operating in China, according to a report by the American Chamber of Commerce in China released Tuesday. The survey of US companies said inconsistent and...

Published:Wednesday | April 24, 2024 | 12:09 AM

Bondholders in Specialty Coffee Investments Company Limited, an outfit connected to businessman and investor Michael Lee-Chin, voted to extend the maturity of a bond by three months, but more negotiations could follow. The initial extension is days...

Published:Wednesday | April 24, 2024 | 12:08 AM

The International Monetary Fund says Latin America and the Caribbean, LAC, has showed “quite a bit of resilience” and that the rebound from the COVID-19 pandemic has been stronger than previously expected. “We see resilience partly as a result of...

Published:Wednesday | April 24, 2024 | 12:08 AM

The planned divestment of Jamaica Mortgage Bank, JMB, via the stock market contemplates a carve out of a large chunk of the bank for sale to a key investor prior to the public offer of shares. But the deal to be struck won’t be consummated until...

Published:Wednesday | April 24, 2024 | 12:08 AM

Mexican fundraisers can now solicit donations on GoFundMe, the company announced Tuesday, as the crowdfunding giant expands into what it hopes is the first of more untapped Latin American markets to follow. Mexico marks the 20th country serviced by...

Published:Wednesday | April 24, 2024 | 12:08 AM

The United States Federal Trade Commission, FTC, sued to block Tapestry Inc’s US$8.5 billion acquisition of Capri Holdings Ltd, saying that the deal would eliminate direct head-to-head competition between the fashion companies’ brands like Coach...

Published:Wednesday | April 24, 2024 | 12:08 AM

Officials in Baltimore plan to open a deeper channel for commercial ships to access the city’s port starting on Thursday, marking a significant step toward reopening the major maritime shipping hub that has remained closed to most traffic since the...

Published:Wednesday | April 24, 2024 | 12:08 AM

The world’s largest 3D printer has created a house that can cut construction time and labour. An even larger printer unveiled on Tuesday may one day create entire neighbourhoods. The machine revealed Tuesday at the University of Maine is four times...

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