LONDON: HSBC, Europe’s biggest bank, has been fined 57.4 million pounds (US$72.8 million) for failing to adequately protect customer deposits in the event that the bank collapsed, United Kingdom (UK) regulators said yesterday. Two units of London-...
WASHINGTON: The International Monetary Fund (IMF) has upgraded its outlook for the world economy this year, envisioning resilient growth led by the United States (US) and a slower pace of inflation. In its latest outlook, the 190-country lending...
WASHINGTON: The United States (US) is considering additional measures against Venezuelan President Nicolás Maduro ’s Government after the South American country’s highest court blocked the presidential candidacy of an opposition leader. This...
TOKYO (AP): Toyota chief Koji Sato apologised on Monday to customers, suppliers, and dealers for flawed testing at a group company following a series of similar problems in recent years. The apology came a day before Chairman Akio Toyoda is to...
LONDON (AP): Amazon called off its purchase of robot vacuum maker iRobot on Monday, blaming “undue and disproportionate regulatory hurdles” after the European Union (EU) signalled its objection to the deal. The companies said in a joint statement...
The Jamaica Stock Exchange (JSE) Combined Index lost ground on Tuesday. The moderate to busy trading ended with an advance/decline ratio of 32/46 The JSE Combined Index declined by 967.64 points or 0.29 per cent to close at 337,440.14. The JSE...
HONG KONG (AP): A Hong Kong court ordered China Evergrande, the world’s most heavily indebted real estate developer, to undergo liquidation following a failed effort to restructure $300 billion owed to banks and bondholders that fuelled fears about...
NEW YORK (AP): JetBlue Airways warned that it may end its bid to acquire low-cost carrier Spirit Airlines as soon as this weekend after a federal judge blocked the deal, sending Spirit shares sharply lower on Friday. Spirit shot back that it finds...
JERUSALEM (AP): Yemen’s Houthi rebels launched a missile on Friday at a United States (US) warship patrolling the Gulf of Aden, forcing it to shoot down the projectile, and struck a British vessel as their aggressive attacks on maritime traffic...
Light and power company Jamaica Public Service (JPS) plans to hire additional maintenance firms to manage its distribution system which includes high-power wires, transformers and over 300,000 poles. JPS operations are split between distribution,...
Movie enterprise Palace Amusement Company is getting ready to complete an upgrade that facilitates Art 4DX technology at its Carib Five cineplex in Cross Roads in Kingston Melanie Graham, marketing manager and director, said the renovations will be...
The year 2024 is expected to usher in another phase of seismic shifts in the rapidly evolving landscapes of business, the future of work, and human resources (HR). I have spent the last few weeks poring over the latest global reports, surveys,...
The National Insurance Fund (NIF), as the investment manager of the contributions which flow into the National Insurance Scheme (NIS), donates significantly to the financial strength of the NIS and its ability to give meaningful benefits to its...
A friend who chaired the executive committee of a strata corporation recently asked me to update my earlier articles on insurance and the law and regulations that prescribe how some of the risks associated with these kinds of developments should be...
Lighting and energy company FosRich is partnering with Huawei Fusion Solar to deliver battery energy-storage systems. The state-of-the-art systems are scalable to deliver up to 200 megawatt hours (MWh) of uninterrupted power. The company unveiled...
NEW YORK: Temu, the online retailer owned by the parent of Chinese e-commerce company Pinduoduo, is opening its platform to United States (US) and European sellers. A Temu spokesperson yesterday confirmed the company’s plans, which was first...
BRIDGETOWN, Barbados: A private-sector-led regional ferry service was launched here on Tuesday, aimed at increasing and improving transportation among Caribbean countries. The focus routes for the project are Trinidad and Tobago, Guyana, Antigua...
Bank of Jamaica (BOJ) Governor Richard Byles expects to finalise within a year the draft laws that will protect consumers from financial sector abuse. At the end of the timeline, the draft will go to the nation’s politicians, who will debate it...
WASHINGTON: Caribbean countries are expected to benefit from the decision of the Inter-American Development Bank Group (IDB Group) and the Japan International Cooperation Agency (JICA) to increase co-financing under the Cooperation for Economic...
BRIDGETOWN, Barbados: The Barbados-based Caribbean Tourism Organisation (CTO) is observing its 35th anniversary this year, with its secretary general, Dona Regis-Prosper, urging regional stakeholders to be part of the year-long activities marking...
Gairy Taylor, general manager of Recycling Partners of Jamaica (RPJ), says the company’s capacity for exports has improved with the acquisition of two automatic balers. The balers, he said, cost approximately US$100,000 each and will boost their...
MIAMI : Lionel Messi has won futbol’s biggest prize. He’ll now be part of football’s biggest day. The Inter Miami star, World Cup champion and global soccer icon will headline a Super Bowl ad for Michelob Ultra, the brand announced yesterday. A...
A ‘stick of weed’, enough to make a ‘ziggy’, made the difference on Wednesday afternoon, as cannabis industry support company Strain IQ topped all comers at the Jamaica Stock Exchange’s (JSE) regional investment conference pitch room. Co-founder...
Jamaica Broilers Limited’s figures show that the consumption of chicken in 2023 was slightly less than the year before. The latest data from the Government says Jamaicans consumed 136,644,428 kilogrammes of broiler meat and 1.11 million kilogrammes...
DETROIT (AP): More than 4,700 auto dealerships across the United States urged President Joe Biden in a letter yesterday to halt the Environmental Protection Agency’s (EPA) efforts to enforce stricter vehicle-pollution standards. The missive comes...
