A donor-advised fund (DAF) devoted to supporting the United Nations (UN) Sustainable Development Goals (SDG) has leapt from being a relatively minor charity to one with an asset size comparable to behemoths like the Andrew W. Mellon and David and...
MEXICO CITY (AP): Guatemala violated Indigenous rights by permitting a huge nickel mine on tribal land almost two decades ago, according to a ruling from the Inter-American Court of Human Rights on Friday. The landmark verdict marks a monumental...
Today’s article is the outcome of a discussion between a reader and me. He was about to transact business with a local financial institution but decided not to at the last minute. The proposed contract terms, he said, were unacceptable. As a...
There is good reason why people love when the prices of goods and services fall; they are able to acquire more with the same nominal amount of money. But, is that all to it? The fall in the general level of prices in the economy is called...
Following a six-month delay, Island Grill Limited is set to open its 19th store in Spanish Town today. Island Grill New Brunswick Village was originally slated to open in June 2023, but sewage works and other issues forced them to miss that...
The National Commercial Bank (NCB) indicates that it is test-driving a new remote banking service at two new locations established in the Corporate Area and Portmore, St Catherine. The bank says that there is a possibility of expanding the service...
Lasco Financial Services (LFS) has launched a two-pronged attack to gin up its business in the remittance market, a mainstay of the Junior Market-listed company’s operations. Using a marketing campaign dubbed ‘Simplify your life’, the company wants...
Experts will meet with state technocrats today to discuss the implications of raising the island’s hotel room count to 50,000 rooms in five years. The island will benefit from some US$4 billion in investments to develop these new rooms, which...
LOS ANGELES: M-I-C-K-E-Y will soon belong to you and me. With several asterisks, qualification and caveats, Mickey Mouse in his earliest form will be the leader of the band of characters, films and books that will become public domain as the year...
WASHINGTON: The Inter-American Development Bank (IDB) on Wednesday said it has approved a US$90 million conditional credit line for investment projects, which includes a first individual loan of US$42 million, to facilitate the digital...
LONDON: The Commonwealth has launched a new initiative aimed at improving the ability of Caribbean countries to access billions of dollars in climate finance. Commonwealth Secretary General Patricia Scotland KC, speaking at the launch of the ‘...
Artificial intelligence (AI) went mainstream in 2023 — it was a long time coming, yet has a long way to go for the technology to match people’s science-fiction fantasies of human-like machines. Catalysing a year of AI fanfare was ChatGPT. The...
LONDON (AP): Yemen’s Houthi rebels have escalated attacks on ships passing through the Red Sea during the Israel-Hamas war, raising concerns about the impact on the flow of oil, grain and consumer goods through a major global trade artery. Israeli-...
Lumber Depot, the hardware store in Papine, St Andrew, expects sales growth in 2024 despite declines in the wider construction sector. “We expect to grow sales volumes,” said Chairman Jeffrey Hall, in response to Financial Gleaner queries. The...
The Bank of Jamaica (BOJ), the regulatory authority under the Microcredit Act (2021), introduced new rules for the sector in a bid to reduce the possibility of money laundering and to minimise consumer-hostile practices such as loan sharking. One...
Blue Power Group Limited indicates that it is leaning towards using land held for commercial development to add to the company’s investments. Blue Power Group supplies the Jamaican market for bath, laundry, medical, antibacterial and other soaps....
Deputy Governor of the Bank of Jamaica (BOJ), Wayne Robinson, says legislation for the new ‘twin peaks’ model of the financial system regulation is not expected to land in Parliament before 2025. The ‘twin peaks’ regulatory model was introduced...
LONDON: European Union (EU) negotiators clinched a deal on the world’s first comprehensive artificial intelligence (AI) rules, paving the way for legal oversight of AI technology that has promised to transform everyday life and spurred warnings of...
Published:Wednesday | December 13, 2023 | 12:12 AM
CANBERRA, Australia (AP)” China has lifted import bans on three Australian meat suppliers in another sign of improving trade relations between the two countries, Australian officials said yesterday. China’s customs agency announced overnight it...
Published:Wednesday | December 13, 2023 | 12:12 AM
AP: More Americans are expected to fly or drive far from home over Christmas than did last year, putting a cap on a busy year for travel. Auto club AAA forecast Monday that 115.2 million people will go 50 miles or more from home during the 10 days...
Published:Wednesday | December 13, 2023 | 12:11 AM
DUBAI, United Arab Emirates (AP) A large, long-shot effort is being developed to mobilise money to save Planet Earth. Climate finance experts say trillions of dollars are needed for forestry projects and renewable energies like solar and wind in...
Published:Wednesday | December 13, 2023 | 12:11 AM
SAN FRANCISCO (AP) Google lost an antitrust lawsuit over barriers to its Android app store, as a federal court jury has decided that the company’s payments system was anticompetitive and damaged smartphone consumers and software developers. It’s a...
Popular jerk restaurant, The Jungle Fiah Buffet Restaurant Limited, says it will continue to do business from its four locations, as the outcome of a recent case brought against founder, Franklyn Mason Sr, has nothing to do with that business....
Published:Wednesday | December 13, 2023 | 12:08 AM
The National Water Commission (NWC) plans to subdivide hundreds of acres in the affluent community of Norbrook in St Andrew, that sit on areas contiguous to wells, springs, and informal residents. According to the utility company, the plans will...
Published:Wednesday | December 13, 2023 | 12:06 AM
News that the inflation rate has decreased when consumers are experiencing increases in the prices of goods and services tend to cause confusion in the minds of a significant portion of the population. This is so because they are not clear about...
