Business

The Petroleum Cor-poration of Jamaica (PCJ) wrongly diverted millions from the PetroCaribe Development Fund (PCDF), which it used to enrich it own bank accounts, a probe of the agency has found, and now the Auditor General...

The Finance Ministry has over-estimated the strength of Jamaican pay-packets, and fallen short on personal income tax collections by J$1.3 billion in the first two months of the fiscal year.Overseas trade is also underperforming the Government's...

Claro Jamaica says it has grown its customer base by 100,000 subscribers in the first calendar quarter, and that it has amassed a total of 400,000 new clients since its market entry.The telecoms firm also said its new business came at the expense of...

Sagicor Life Jamaica Limited has got a six-month extension on the administration of the Government Employees' Administrative Services Only (GEASO) health scheme, but there is still no...

An experimental solar-powered plane took off from western Switzerland on Wednesday for a 24-hour test flight - a key step in a historic effort to one day circle the globe using only energy collected from the sun.The plane, with its 262.5-foot (80-metre)...

A European Union court ruled Tuesday that antitrust regulators were right to block Ryanair's hostile 2007 bid for rival Irish airline Aer Lingus. The General Court, the EU's second-highest judicial authority, also backed the European Commission's refusal...

Diageo PLC, the world's largest producer and distributor of alcoholic drinks, is using maturing whisky to plug a deficit in the company's pension plan.

BP Plc says it has no plans to issue new shares to help pay for the Gulf of Mexico oil spill, giving its shares a further boost amid rumours of interest from sovereign wealth funds.

Prime Minister Baldwin Spencer Monday said that Antigua and Barbuda would seek sanctions against the United States (US) if Washington continues to thwart efforts at finding a negotiated solution to its dispute over Internet gaming services...

Riders and drivers caught using a cellphone on the road face a US$500 fine, Bermudan lawmakers have agreed. Legislation banning the use of mobile phones, iPods and other hand-held devices while driving was passed in the House of Assembly on Friday...

Jamaica Broilers Group has locked down production of ethanol, but said Tuesday that the company has sufficient supplies in inventory to fully service its contractual obligations, and that it expects the closure to be temporary. The poultry company...