Executive Director of the Private Sector Organisation of Jamaica (PSOJ) Imega Breese McNab is to demit office come Friday, July 21. She said the decision to resign was not an easy one despite her passion to start the new chapter of her professional...
Facebook parent company Meta Platforms has built an artificial intelligence system that rivals the likes of ChatGPT and Google’s Bard but it’s taking a different approach: releasing it for free. Meta CEO Mark Zuckerberg said Tuesday that the...
The handful of big tech companies leading the race to commercialise AI can’t be trusted to guarantee the safety of systems we don’t yet understand and that are prone to “chaotic or unpredictable behaviour,” an artificial intelligence company...
Consumer and business confidence indices inched up marginally in the second quarter of 2023 when compared to a year ago but mixed when matched against the results generated in the previous quarter. Consumer and business confidence hit 157.7 points...
Amid turmoil at Jamaica’s largest banking conglomerate, a $2 trillion behemoth that has the potential to hobble the Jamaican economy were the business to falter, stock market investors digested the sudden and unexplained departure of the top...
China Evergrande, the property developer whose woes helped bring about a slump in the country’s vitally important real estate market, has reported its debts rose further to about US$340 billion by the end of last year. In a notice to the Hong Kong...
The Biden administration and major consumer technology players on Tuesday launched an effort to put a nationwide cybersecurity certification and labelling programme in place to help consumers choose smart devices that are less vulnerable to hacking...
Russia on Monday halted a breakthrough wartime deal that allowed grain to flow from Ukraine to countries in Africa, the Middle East and Asia where hunger is a growing threat and high food prices have pushed more people into poverty. Kremlin...
Consider the following headlines: ‘Inside of ANS’ battle over late husband’s estate’; ‘Family fight over estate of ailing mother leaves two dead, one injured’; ‘Family of GS is locked in legal battle over his estate’; and ‘Jury reaches verdict in...
Jamaica Bauxite Mining Limited, JBM, a state-owned company in the business of port services, landholding and property management, is venturing into the distribution of drinking water, but says its market will be ships that drop anchor in Jamaica...
There has been a rise in what specialist Dane Nicholson refers to as ‘friendly’ fraud perpetuated by householders who have been spending more time at home. It’s one of several types of scams that fraud experts have noted are on the increase,...
Another experimental Alzheimer’s drug can modestly slow patients’ inevitable decline by about four to seven months, researchers reported Monday. Eli Lilly...
The Bank of Jamaica (BOJ) is seeking to assure that member companies of the NCB Financial Group (NCBFG) are profitable, strong and safe amid the sudden management changes at the financial institution. In a market filing with the Jamaica Stock...
China’s economic growth missed forecasts in the second quarter of the year, adding to worries over surging youth unemployment and a weak property sector and raising the likelihood that the government will double down on support for the faltering...
Economists have long argued that productivity is the foundation of prosperity. The only way a country can increase its standard of living sustainably is to produce more goods and services with fewer resources. Since the Industrial Revolution, this...
There has been ongoing concern about the level of pension paid to government employees who have gone into retirement and its implications for their standard of living. Also important to the retiree is the funding of healthcare, which the government...
Some micro, small, and medium-sized enterprises, or MSMEs, face challenges in complying with the recently announced increase in the minimum wage. One operator called for more public education – by the Government or The Small Business Association...
Higher interest rates and recent wage spikes could adversely affect economic targets, said the chair of EPOC, even while asserting that the salary increase for the political director was overdue. “We have to pay close attention so that our growth...
NCB’s inhouse fraud specialist, Dane Nicholson, wants banks and financial houses to get tough on customers as a teaching moment for those who carelessly fall into the trap of cybercriminals. He is also urging companies to end their love affair with...
The fossilised skeletons of an aerial predator with a 20-foot (6-metre) wingspan and an aquatic reptile with a snake-like neck will be auctioned in New York this month, Sotheby’s announced Tuesday. The two creatures, both tens of millions of years...
Brazil on Friday urged a 10-year precautionary pause on deep sea mining in international waters just days after companies and countries were allowed to start applying for provisional licences. The call came during a two-week conference held by the...
Q UESTION: I am a young entrepreneur and my business has been growing and doing well, or so I thought until my accountant brought to my attention concerns about my financials. Mainly, he says that I am overextending myself beyond resource...
The current heatwave in Jamaica is symptomatic of a wider warming climate that experts think may fuel a once-in-a-lifetime hurricane. And if such conditions were to persist and trigger a 100-year event, Jamaica could face a fallout of more than US$...
