China’s exports tumbled 12.4 per cent in June from a year earlier as demand weakened after central banks raised interest rates to curb inflation even as Chinese leaders struggled to keep a post-COVID recovery from faltering. Customs data released...
Delta Air Lines soared to a record quarterly profit of more than US$1.8 billion as summer vacationers packed planes, especially to international destinations, and the airline enjoyed a tailwind from falling fuel prices. The results released...
In the battle to reduce greenhouse-gas emissions and avert the worst impacts of climate change, the world has a vast resource that remains largely untapped: women. Preventing the catastrophic effects of climate change requires understanding what –...
Deputy Commissioner of Police Fitz Bailey is urging companies to be more forthcoming regarding fraudulent attacks, noting that only one-fifth of crimes are reported and that often, companies make the decision not to report in order to protect their...
Earnings from the bauxite and alumina sector are projected to double in 2023 to US$677 million, the highest since the onset of the pandemic, according to the Jamaican government’s annual market filings with the American securities regulator. A...
Spectrum Capital Partners, the investment arm of the UCC Group, is scouting joint-venture partners for the development of a resort and neighbouring residential housing project in Trelawny, adding to plans to create a university town in western...
Three decades into its operation, retailer K-Ban Hardware Limited is venturing into Kingston for the first time, with the addition of a fifth store at Village Plaza. Its other four branches comprise two in Savanna-la-Mar, Westmoreland, and two in...
Wages in the United Kingdom are rising at a record-high rate amid stubbornly high inflation, official figures showed on Tuesday, bolstering expectations that interest rates will increase again – to the worry of homeowners who are seeing their...
The following content is created and paid for by Mastercard Financial inclusion – connecting people from all walks of life to useful, affordable financial products and services – is an enabler of poverty reduction and economic growth. 1...
Celebrities, lawmakers, brands and everyday social media users are flocking to Meta’s freshly minted app Threads to connect with their followers, including many Twitter refugees tired of the drama surrounding Elon Musk’s raucous oversight of that...
A federal judge has handed Microsoft a major victory by declining to block its looming US$69 billion takeover of video game company Activision Blizzard. Regulators sought to axe the deal saying it will hurt competition. US District Judge Jacqueline...
Financial conglomerate JMMB Group Limited expects interest rates to start falling in Jamaica this year, which would bode well for its core investments, banking and trading arms that are currently under profit pressure. The group listed operational...
Poultry producer Jamaica Broilers Group grew sales by more than a fifth at year ending April 2023, pushing the company to a new high while growing its yearly earnings by nearly 40 per cent. At $91.4 billion, the company’s turnover was almost double...
No industry embodies American ingenuity more than telecoms. American innovators spearheaded the development and commercialisation of the telegraph, the telephone, the internet, and the cellphone. Today, the latest generations of these telecom...
Bank of America will reimburse customers more than US$100 million and pay US$150 million in fines for “double-dipping” on overdraft fees, withholding reward bonuses on credit cards and opening accounts without customer consent. Combined, it is one...
Against the backdrop of an expanding trade gap with the rest of the world and the search for comparative advantage, Jamaica will be revising its Trade Act that predated Independence – a time when the nation heavily traded goods and not services....
Mexico’s armed forces are taking control of the capital’s main airport, and the government plans to give the military control of nearly a dozen more across the country as the president takes aim at corruption and mismanagement. President Andrés...
Aiming to stave off legal disputes with power company Jamaica Public Service Company Limited, the utilities regulator has proposed ground rules and definitions of key terms that will serve as the basis for its decisions regarding the pending five-...
A new chatbot, which uses artificial intelligence to recognise and respond to patois and other languages, will be rolled out next month by a company called AcumenPro Limited will launch a. Branded as JamChat, its first application will be the ‘...
The United Nations agency tasked with regulating the deep sea is debating whether to open the Earth’s watery depths to countries and companies that as of Monday were allowed to start applying for provisional mining licences. The International...
The Economic Commission for Latin America and the Caribbean, ECLAC, called on countries in the region to improve their policy design to take advantage of the contribution that foreign direct investments, or FDI, can make to the energy transition...
The European Union signed off Monday on a new agreement over the privacy of people’s personal information that gets pinged across the Atlantic, aiming to ease European concerns about electronic spying by American intelligence agencies. The EU-US...
Maritime nations agreed Friday to slash emissions from the shipping industry to net zero by about 2050 in a deal that several experts and nations say falls short of what’s needed to curb warming to agreed temperature limits. Countries at the...
Hurricane Gilbert wrecked the transmission and distribution system of the country’s electricity and telephone service providers in 1988 – thirty-five years ago. Many telephone consumers could not contact relatives and friends overseas, and those...
In the three months since its soft launch into the household or liquid petroleum gas market, Future Energy Source Company Limited, which trades as Fesco, says it has secured 2.5 per cent share of the $25 billion market. It is bullish on pushing...
