Business

Electric vehicles made by General Motors will be able to use much of Tesla’s extensive charging network beginning early next year. In addition, GM will adopt Tesla’s connector, the plug that links an electric vehicle to a charging station. GM joins...

Amid concerns around the inadequacy of pensions paid by the National Insurance Scheme, it should be made clear that it was never intended that the NIS would pay a liveable pension to its beneficiaries, or that it would be their only source of...

The Private Sector Organisation of Jamaica, PSOJ, plans to list its charity Project STAR on the Jamaica Social Stock Exchange via an initial public offering set to raise $100 million. The social shares will be offered at $1 before month-end. The...

The Real Estate Board of Jamaica, REB, says its still labouring to bring a number of licensees that, together, handle billions of dollars in sales annually, in line with laws that are meant to counter the flow of illicit money. From a risk...

Sagility LLC, formerly known as HGS Healthcare, has added a fifth call centre operation in Jamaica, having spent US$7 million on kitting out space in Angels, St Catherine, to accommodate local employees. The new site, spanning 75,000 square feet at...

Proponents of crypto assets are trying to make the case that trade among Caribbean countries can double from current levels of US$2 billion by adopting digital money as complementary currency for transactions. One of the selling points was that...

United States and British cybersecurity officials warned Wednesday that a Russian cyber-extortion gang’s hack of a file-transfer program popular with corporations could have widespread global impact. Initial data-theft victims include the BBC,...

New York City has filed a lawsuit against Hyundai and Kia, joining a host of other cities beset by a social media-fuelled wave of car thefts due to a flaw that made some car models highly susceptible to theft. Viral how-to videos on TikTok and...

Seprod Limited is rebuilding the warehouse that was destroyed by fire at the Facey Commodity complex located within Kingston’s industrial belt, although it doesn’t own the facility. Signs of the construction emerged two months ago, but Seprod CEO...

Can you trust Erica, or Sandi or Amy to increasingly control parts of your financial life without giving you inaccurate information or sending money to the wrong place? That’s what the US Consumer Financial Protection Bureau is asking in a report...

The global economy is likely slowing sharply this year, hobbled by high interest rates, the repercussions of Russia’s invasion of Ukraine and the lingering effects of the coronavirus pandemic. That’s the latest outlook of the World Bank, a 189-...

As the Bank of Jamaica combs through the applications for microcredit licences, a clearer picture of the dispersed sector that has now fallen under its regulatory umbrella is emerging. Only 13 firms have been licensed to date, at last report, with...