Caribbean Cement Company’s performance beat wider construction sector activity, but its bottom line growth was moderate at just three to four per cent. The outlook for Jamaica’s sole cement maker and producer of the Carib Cement brand remains...
One of the defining economic challenges of our time is how to distribute the value generated by groundbreaking technologies, such as generative artificial intelligence and recent innovations in biomedicine and manufacturing, which rely on massive...
Profit at Barita Investments Limited halved to $480 million in the December first quarter from $1 billion a year earlier due to reduced gains from real estate. Still, Barita’s outlook sees the securities dealer continuing its focus on real estate...
Citing potential national security risks, the Biden administration says it will investigate Chinese-made smart cars that can gather sensitive information about Americans driving them. The probe could lead to new regulations aimed at preventing...
An inflation gauge favoured by the US Federal Reserve increased in January, the latest sign that the slowdown in consumer price increases is occurring unevenly from month to month. The United States government reported on Thursday that prices rose...
Products from the Jamaica Mountain Peak line, produced by coffee company Salada Foods Jamaica Limited, are now on the shelves of major US retailer Publix Supermarkets in Florida, specifically in the Miami and Jacksonville areas. It will give...
Manufacturing and distribution company Wisynco Group is looking towards August to wrap up the current multibillion-dollar expansion programme but has already put a new production line into operation. It has also launched a big recruitment drive,...
Sam Bankman-Fried’s lawyer says a suggested 100-year prison sentence for the FTX founder by an arm of the court is “grotesque” and “barbaric” and, at most, a term of a few years behind bars is appropriate for cryptocurrency crimes that the...
The United States economy grew at a robust 3.2 per cent annual pace from October through December, propelled by healthy consumer spending, the Commerce Department reported Wednesday in a slight downgrade from its initial estimate. The expansion in...
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 $1.20 to sell for $165.17 per litre and a litre of E-10 90 will also go down by $1.20 to...
Published:Wednesday | February 28, 2024 | 12:08 AM
A top court in London ruled Tuesday that two residents of the tiny Caribbean island of Barbuda have the right to challenge construction of an airstrip that critics say endangers fragile ecosystems and was begun without any permits. The ruling by...
Published:Wednesday | February 28, 2024 | 12:07 AM
Construction of a new company-owned petroleum station, to be known as Fesco Oval, starts in May, which will push the petroleum marketing company’s network to 22 locations. Having recently got planning approvals to proceed, Future Energy Source...
Published:Wednesday | February 28, 2024 | 12:07 AM
Nearly everyone agrees that the unequal distribution of income, wealth, and opportunities in Latin America and the Caribbean, LAC, has hindered efforts to build cohesive societies and robust democracies, as well as frustrating the ambitions of...
Published:Wednesday | February 28, 2024 | 12:07 AM
The International Monetary Fund, IMF, said that the Belize economy has continued to perform well after growing strongly by 17.9 per cent in 2021 and 8.7 per cent in 2022, and by an estimated 4.5 per cent in 2023. The expansion has been led by the...
Published:Wednesday | February 28, 2024 | 12:06 AM
The head of the World Trade Organization, WTO, warned on Monday that war, uncertainty and instability are weighing down the global economy and urged the bloc to embrace reform as elections across nearly half the world’s population could bring new...
Published:Wednesday | February 28, 2024 | 12:06 AM
Amazon.com Inc has joined the ranks of one of Wall Street’s oldest and most exclusive stock indexes: The Dow Jones Industrial Average. The e-commerce pioneer officially take its position among the 30-company Dow before the open of trading on...
Published:Wednesday | February 28, 2024 | 12:06 AM
When it comes to safety culture at Boeing, there is a “disconnect” between senior management and workers, and employees responsible for checking the company’s planes question whether they can raise issues without fear of retaliation, according to a...
Published:Wednesday | February 28, 2024 | 12:06 AM
United States Secretary Janet Yellen on Tuesday offered her strongest public support yet for the idea of liquidating roughly US$300 billion in frozen Russian central bank assets and using them for Ukraine’s long-term reconstruction. “It is...
Published:Wednesday | February 28, 2024 | 12:05 AM
Hotels operated locally by Playa under the Hilton, Hyatt and Jewel brands generated US$220 million ($34 billion) in revenue during 2023, bettering the previous year by 22 per cent. It comes alongside continuing recovery in the travel market and an...
Published:Wednesday | February 28, 2024 | 12:05 AM
This year looks to be a much better one for the United States economy than business economists were forecasting just a few months ago, according to a survey released on Monday. The economy looks set to grow 2.2 per cent this year after adjusting...
Germany plans to enable underground carbon storage at offshore sites, pushing ahead with a much-discussed technology in an acknowledgement that time is running out to combat climate change, the country’s vice-chancellor said on Monday. Europe’s...
SOURCES CLOSE to the management of assets in the Stocks and Securities Limited (SSL) fraud matter say that former sprinter Usain Bolt would not have received anything from assets disbursed or assigned to date. It was stated that what has been...
