Derrimon’s distribution operations dipped into red again last year, and now the company is on a drive to strengthen that arm of the business by amplifying the branded items in its portfolio and making additions to its truck fleet. It will mark a...
Japan’s central bank raised its benchmark interest rate Tuesday for the first time in 17 years, ending a long-standing policy of negative rates meant to boost the economy. The Bank of Japan’s lending rate for overnight borrowing by banks was...
Food distributor Everything Fresh Limited has doubled its profit to $100 million for 2023, some of it due to tax credits, amid a rise in travel to Jamaica. The group is now arching into higher profit, a recovery that’s been occasioned by a rise in...
The way things are going in Haiti, violent gangs might not only gain an official government role; they might actually become the government. Following the gangs’ seizure of critical infrastructure and the resignation of Prime Minister Ariel Henry,...
The cost of hiring a real estate agent to buy or sell a home may soon change, along with decades-old rules that have helped determine broker commissions. The policy changes could help spur price competition for agents’ services and lower the cost...
After selling its hatchery located in the American midwest for US$23 million, poultry company Jamaica Broilers Group, JBG, is considering additional investments in the same line of business, just at a different location on the east coast of the...
The European Union’s executive arm proposed weakening even more climate and environmental measures in the bloc’s latest set of concessions to farmers apparently bent on continuing disruptive tractor protests until the June EU elections. Angering...
In the Arizona desert, a Danish company is building a massive solar farm that includes batteries that charge when the sun is shining and supply energy back to the electric grid when it is not. Combining batteries with green energy is a fast-...
United States President Joe Biden came out in opposition to the planned sale of US Steel to Nippon Steel of Japan, saying on Thursday that the US needs to “maintain strong American steel companies powered by American steel workers”. In a statement...
The United States is spearheading the first United Nations resolution on artificial intelligence, aimed at ensuring that the new technology is “safe, secure, and trustworthy” and that all countries, especially those in the developing world, have...
Large hotel chain Iberostar has installed a 1.2 megawatt solar power plant in Jamaica as part of the wider group’s move to slash its carbon emissions. The group of Spanish origin plans to become carbon neutral by 2030 or 20 years prior to global...
While the technical details of international agreements may seem arcane or even trivial, they often commit governments to policies that have major economic consequences. This is especially true for low and middle-income countries, which have long...
The Consumer Price Index, CPI, measures the price movements of a given quantity of consumer goods and services purchased by the typical private household. The quantity of items in this ‘basket’ is kept constant, but in order to remain relevant, it...
Unlike others in top positions, you want to be a long-term leader who has his or her eyes fixed firmly on a destination far in the future. But what can you expect from fostering such a vision? Should it do more than give you good reason to beat...
Sources say that hurricane forecasts for 2024 will be published soon even though March is only two weeks’ old and the Atlantic Hurricane Season will not formally start until June 1. One foreign insurance industry resource predicted that the...
Airbnb says it is banning the use of indoor security cameras in listings on its site around the world by the end of next month. The San Francisco-based online rental platform said it is seeking to “simplify” its security-camera policy while...
European Union regulators on Thursday ratcheted up scrutiny of big tech companies, including Google, Facebook, and TikTok with requests for information on how they are dealing with risks from generative artificial intelligence such as the viral...
Experts in accounting and economics have lauded Jamaica’s seventh straight budget without new taxes as a plus amid the country’s push for economic expansion. Experts in accounting and economics have lauded Jamaica’s seventh straight national budget...
Market reaction to the increase in the amount of share capital that junior company can raise and hold has been positive, but up to early Thursday, but the Jamaica Stock Exchange itself is yet to weigh in. The cap will rise to $750 million, from $...
Boeing’s mounting crises are beginning to resemble an aviation thriller cooked up in Hollywood. In addition to a piece of fuselage falling off mid-air during a recent commercial passenger flight, there was the nail-biting discovery of mis-drilled...
The Government of Jamaica will consider hiring real estate brokers to speed up the disposal of $1.5 billion in confiscated properties as a quick solution to avoid a downgrade by international anti-money laundering watchdogs. The sale of the...
Former US Treasury Secretary Steven Mnuchin says he’s going to put together an investor group to buy TikTok, a day after the US House of Representatives passed a bill that would ban the popular video app in the United States if its China-based...
Britain’s high court ruled on Thursday that an Australian computer scientist is not, as he claimed, the mysterious creator of the bitcoin cryptocurrency. Craig Wright has for eight years claimed that he was the man behind ‘Satoshi Nakamoto’, the...
