Business

Consumer and business confidence indices inched up marginally in the third quarter of 2023 but crime continues to weigh on the growth of the indices. Consumer and business confidence hit 161.1 points and 144.7 points, respectively. Both indices...

The parties forming Spain’s acting government said Tuesday that they will push for a 37½-hour workweek as part of an agreement the coalition partners struck as they try to remain in power following an inconclusive election in July. Spain has had a...

Dozens of US states, including California and New York, are suing Meta Platforms Inc for harming young people’s mental health and contributing to the youth mental health crisis by knowingly designing features on Instagram and Facebook that addict...

Regional insurance facility CCRIF SPC has made its first payments of the 2023 Atlantic hurricane season, totalling US$3.4 million. The payments were made to the governments of Antigua...

The International Monetary Fund, IMF, in its latest economic outlook for the Western Hemisphere, says Guyana will continue to experience robust economic expansion, even as other countries in Latin America and the Caribbean face less favourable...

A strike by auto workers against General Motors is expected to cut pretax earnings by US$800 million this year, and another US$200 million per week after that, the company’s chief financial officer said. And those figures include only factories...

Mayberry Investments Limited, MIL, reported a substantial loss of nearly $1 billion in the quarter ending September, ahead of the overhaul of the group structure that has now gotten the court’s approval. The sign-off positions Mayberry to move...

The Government of Jamaica, GOJ, armed with two credit rating upgrades, will be raising new debt on the international market to pay down US$1.76 billion in existing global bonds. It forms part of steps to methodically reduce the island’s debt burden...

Chevron is buying Hess Corp for US$53 billion and it’s not even the biggest acquisition in the energy sector this month as major producers seize the initiative while oil prices surge. Crude prices rose sharply in early 2022 with Russia’s invasion...

The fleet of buses roared past the Panama-Costa Rica border. Hundreds of Venezuelan, Haitian, and Ecuadorian migrants pressed their faces to the windows as they looked out on to a sign that read “Welcome to Costa Rica.” But few of them will see...

QUESTION: Years ago, I invested over US$7,000 with a local stockbroking company. This was from my gratuity received on retirement from the Government of Jamaica after over 40 years of service. They invested it in Digicel bonds. I didn’t sign a high...

The government plans to oversee a tourism survey to test whether regular Jamaicans are benefiting from the growth in the trade, traditionally seen as a tower of exclusion and wealth. “We want to identify if there has been a change in public...