The Guyana government has welcomed the inaugural non-stop service by United Airlines, saying it will serve as a catalyst for further connectivity to the global tourism marketplace. “This is a significant development for Guyana’s tourism industry....
What’s in a name? The final proposals for bank-capital rules were dubbed Basel 3.1, as if to suggest a minor tidying-up exercise – just a few grace notes added to a melody composed long ago. But banks, concerned that the implications would be more...
Microlender Dolla Financial Services Limited made a profit of $419 million at year ending December, bettering the previous year’s performance by 50 per cent as more customers offered up their luxury possessions as collateral for new loans. “The...
General Electric, long a symbol of American manufacturing and steeped in a rich history, is officially moving on from its existence as a sprawling conglomerate. The Boston company, known for everything from light bulbs to jet engines, has...
Tesla sales fell sharply last quarter as competition increased worldwide, electric vehicle sales growth slowed, and price cuts failed to lure more buyers. The Austin, Texas-based company said Tuesday that it delivered 386,810 vehicles worldwide...
A tugboat pushing a fuel barge was the first vessel to use an alternate channel to bypass the wreckage of Baltimore’s collapsed Francis Scott Key Bridge, which had blocked traffic along the vital port’s main shipping channel. The barge supplying...
The Students’ Loan Bureau, SLB, was set up to provide loans to qualified needy Jamaican students to enable them to pursue tertiary education, but some have not been able to access these loans because of their inability to provide guarantors. The...
Your employees are incredibly fickle. The slightest hint of bad news turns into a full-blown rumour, fuelled by WhatsApp messages. You see all this as terribly unproductive, but your prior interventions to ‘fix’ issues seemed to go wasted. As soon...
Artificial Intelligence is one of the features that was recently embedded in my web browser. The AI in my browser is called Copilot. I like that name. Copilot lists five points that holders of that position and things with that name do. The one...
Companies are betting on artificial intelligence to increase profits while slashing jobs. For Jamaica, one of the popular usages seems to involve the generation of the content that prefaces financial reports. However, a few companies are digging...
Tropical Battery’s expected foray into the electric vehicle market through the distribution of ebikes is in limbo as the energy company awaits clarity from the Jamaican government on its tax policy regarding EVs. Tropical Battery had hoped to test...
The Biden administration has announced new automobile emissions standards that officials called the most ambitious plan ever to cut planet-warming emissions from passenger vehicles. The new rules relax initial tailpipe limits proposed last year but...
Crypto entrepreneur Sam Bankman-Fried was sentenced Thursday to 25 years in prison for a massive fraud on hundreds of thousands of customers that unravelled with the collapse of FTX, once one of the world’s most popular platforms for exchanging...
Allies of Governor Ron DeSantis and Disney reached a settlement agreement Wednesday in a state court fight over how Walt Disney World is developed in the future following the takeover of the theme park resort’s government by the Florida governor....
Amid an onslaught of grim climate news, China’s recent decision to pursue a faster green transition is a rare bright spot. In early March, at the annual National People’s Congress, Premier Li Qiang announced that the country would accelerate...
A British financial trader, who has been described as the ringleader in the manipulation of a key interest rate before and after the global financial crisis, lost his appeal on Wednesday to have his conviction quashed. Tom Hayes, 44, who was a...
Le Van Tam is no stranger to how the vagaries of global trade can determine the fortunes of small coffee farmers like him. He first planted coffee in a patch of land outside Buon Ma Thuot city in Vietnam’s Central Highland region in 1995. For years...
Jamaica’s banking sector provides stability but might not be competitive enough, despite improvements in recent years. That, on the face of it, is the upshot of a new study done by Fair Trading Competition, FTC, of the $2.4-trillion commercial...
The merger of two conglomerates resulted in the enlarged Pan Jamaica Group Limited, PJG, earning “record” net profit at $3.7 billion, but the portion that’s attributable to stockholders of the company dipped year-on-year. The majority of the non-...
Pharmaceutical trader Indies Pharma Jamaica Limited’s performance was moderate in the first quarter ended January but below expectations. CEO Guna Muppuri blames inflation for the company’s missed targets. He also points to stock-outs occasioned...
Motorists will pay less for gas and diesel when they go to the pumps on Thursday. The state-owned oil refinery, Petrojam, says E-10 87 is to move down by $0.25 to sell for $172.39 per litre and a litre of E-10 90 will go down by $0.25 to sell for $...
Consumer confidence in the United States held steady this month even as Americans wrestle with higher prices and feel less optimistic about the short-term future. The Conference Board, a business research group, said Tuesday that its consumer...
A top US prosecutor announced criminal charges Tuesday against a once-ascending company in the cryptocurrency world and two of its founders in a bid to send a message to other players in the industry to follow US laws. US Attorney Damian Williams...
China filed a World Trade Organization, WTO, complaint against the United States on Tuesday over what it says are discriminatory requirements for electric vehicle subsidies. The Chinese Commerce Ministry didn’t say what prompted the move. But under...
Visa and Mastercard announced a settlement with United States merchants related to swipe fees that could potentially save American shoppers tens of billions of dollars. Swipe fees are paid to Visa, Mastercard and other credit card companies in...
