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Business

Published:Friday | March 15, 2024 | 12:08 AM

After about a decade of operation at its Bell Road base in Kingston, Jamaican Teas Limited has found a buyer for the 22,000-square-foot factory, which it is vacating for new premises. The maker of Tetley and Caribbean Dream teas said in a market...

Published:Friday | March 15, 2024 | 12:08 AM

Not even education can close the pay gap that persists between women and men, according to a recent US Census Bureau report. Whether women earn a post-secondary certificate or graduate from a top-tier university, they still make about 71 cents on...

Published:Thursday | March 14, 2024 | 12:08 AM

Responding to a United States government audit, Boeing says it will would work with employees found to have violated company manufacturing procedures to make sure they understand instructions for their jobs. The aircraft maker detailed its latest...

Published:Wednesday | March 13, 2024 | 5:45 PM

The Jamaica Stock Exchange (JSE) Combined Index closed Wednesday going back to losing ways. The moderate trading ended with an advance/decline ratio of 42/45. The JSE Combined Index declined by 3,639.94 points or 1.06 per cent to close at 339,676....

Published:Wednesday | March 13, 2024 | 12:10 AM

Politicians across Haiti are scrambling for power after Prime Minister Ariel Henry announced Tuesday that he would resign once a transitional presidential council is created. But elbowing their way into the race are powerful gangs that control 80...

Published:Wednesday | March 13, 2024 | 12:08 AM

The company that once held the former Renaissance Jamaica Grande Resort, which was once one of the tallest hotels in the country, is finally being wound up by the Jamaican government, years after the property was offloaded. A trustee is being...

Published:Wednesday | March 13, 2024 | 12:07 AM

Jamaica’s debt dipped at a pace that was ranked among the fastest in the world over a decade, according to rating agency Fitch. “It represents the third-largest decline in debt burden among all rated sovereigns over this period; only Ireland and...

Published:Wednesday | March 13, 2024 | 12:07 AM

With Boeing facing multiple government investigations, the company needs to make “a serious transformation” around its safety and manufacturing quality, US Transportation Secretary Pete Buttigieg said on Monday. The comments came one day after...

Published:Wednesday | March 13, 2024 | 12:07 AM

The head of the African Development Bank is calling for an end to loans given in exchange for the continent’s rich supplies of oil or critical minerals used in smartphones and electric car batteries, deals that have helped China gain control over...

Published:Wednesday | March 13, 2024 | 12:07 AM

Germany’s vice chancellor on Tuesday launched a programme initially worth up to €4 billion (US$4.4 billion) to help heavy industry shift to more climate-friendly production over a 15-year period. Germany, which is home to many energy-intensive...

Published:Wednesday | March 13, 2024 | 12:07 AM

Consumer prices in the United States picked up last month, a sign that inflation remains a persistent challenge for the Federal Reserve and for President Joe Biden’s re-election campaign, both of which are counting on a steady easing of price...

Published:Wednesday | March 13, 2024 | 12:06 AMNeville Graham/ - Business Reporter

The Financial Gleaner understands that the wording of a set of loans totalling $1 billion and issued through the Jamaica Mortgage Bank, JMB, was at the centre of the separation of former Managing Director Anthony Shaw from the Development Bank of...

Published:Wednesday | March 13, 2024 | 12:06 AM

The prime minister of one of the larger Caribbean countries travels to East Africa to secure a police deployment that would help address runaway gang violence back home, where a recent attack on the national penitentiary freed 4,000 prisoners....

Published:Wednesday | March 13, 2024 | 12:06 AM

Consider the following comments: “My father wants me to contribute to the family-owned business. I am not sure how I can do that because I have no money, or what he calls capital.” “I am not even sure I want to be part of the business, I have my...

Published:Wednesday | March 13, 2024 | 12:06 AM

Most electronic systems that take on some driving tasks for humans don’t adequately make sure drivers are paying attention, and they don’t issue strong enough warnings or take other actions to make drivers behave, according to an insurance industry...

Published:Wednesday | March 13, 2024 | 12:05 AM

Choice Hotels is abandoning its hostile US$8 billion takeover bid for Wyndham Hotels...

Published:Wednesday | March 13, 2024 | 12:05 AM

Real estate developer 138 Student Living Jamaica is again eyeing the University of Technology, Jamaica to grow its business. The developer of student housing currently operates only at the Mona campus of the University of the West Indies, where it...

Published:Tuesday | March 12, 2024 | 5:04 PM

The Jamaica Stock Exchange (JSE) Combined Index closed Tuesday marginally clawing back lost ground. The active trading ended with an advance/decline ratio of 41/46. The JSE Combined Index advanced by 1,659.59 points or 0.49 per cent to close at...

Published:Tuesday | March 12, 2024 | 12:06 AM

Saudi oil giant Aramco reported that it made US$121 billion in profit last year, down from its 2022 record due to lower energy prices. The results still marked the company’s second highest ever result, Aramco said, as members of the OPEC+ alliance...

Published:Sunday | March 10, 2024 | 12:08 AM

It was usual, certainly when I lived in rural Jamaica, to see people in the markets and shops with their wicker baskets of different shapes and sizes as they shopped. Today, a basket has a wider meaning, it being used to describe the set of goods...

Published:Sunday | March 10, 2024 | 12:08 AM

Equal opportunities for women remain an elusive goal, more distant than anticipated at this stage of development, and fraught with obstacles that appear formidable to overcome. In a startling announcement on March 4, 2024, the World Bank disclosed...

Published:Sunday | March 10, 2024 | 12:07 AM

Wigton Windfarm Limited will remove its 10 per cent cap on individual ownership in two months, but already, investors are repositioning with heavy share transactions, the most robust of which occurred on Thursday with trades worth over $500 million...

Published:Sunday | March 10, 2024 | 12:06 AMSteven Jackson - Senior Business Reporter

Recent rains have led to nearly $500 million in lost coffee crops. Farmers lost up to 30 per cent of their beans, which were often too fat to hang on to the tree limbs after getting soaked by continuous downpours. “You couldn’t get pickers to go...

Published:Sunday | March 10, 2024 | 12:05 AM

Scotia Group Jamaica Limited’s profit slowed marginally to $3.13 billion for the first quarter ending January, reflecting a seven per cent dip. The operator of Jamaica’s second largest bank raked in more at the top line in the quarter,...

Published:Friday | March 8, 2024 | 12:07 AM

United Oil...

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