Business

Starbucks posted stronger-than-expected sales in its fiscal second quarter as demand in China began to recover, but the company said that sales growth could moderate as the year progresses. The Seattle coffee giant said its net revenue jumped 14...

Tea and condiments manufacturer Jamaican Teas Limited is banking on flows from real estate sales to finance its factory expansion. Jamaican Teas CEO John Mahfood said the 30 apartments being developed by the company’s property arm at Belvedere in...

The property insurance portfolios of nearly a dozen general insurers grew markedly last year, on average, a newly released report from industry regulator Financial Services Commission, FSC, shows. But one of its knock-on effects was a diminution of...

Courts Jamaica Limited has restructured its operations to create a new company called BlueStart Capital (Jamaica) Limited, under which it will conduct its microfinancing or loan business. The loan business, more popularly known as Courts Ready...

Osamu Furukawa has driven lots of Japanese cars for his business converting classic gasoline-powered models to electric. But his favourite ride is an import: A battery-powered SUV from China’s BYD Auto. BYD Auto is part of a wave of Chinese...

Aiming to deploy its cashless app across Caribbean markets for remittances and other services, GraceKennedy Money Services, GKMS, is in talks with regulators in various countries. It’s immediate regional target markets for the GK One app are...

While still committed to its Guaranteed Purchase Programme, GPP, which was introduced five years ago to improve the pace of delivery of residences to the market, the National Housing Trust is now prospecting for new developers of low-income housing...

Regulators seized troubled First Republic Bank early Monday, making it the second-largest bank failure in United States history, and promptly sold all of its deposits and most of its assets to JPMorgan Chase in a bid to end the turmoil that has...

Jamaica and its Caribbean neighbours are facing an insurance crisis. This emergency is like the increasing inflow of illegal guns and ammunition from the United States into the region. The entry of weapons of war will destabilise the region’s...

Catherine’s Peak Bottling Company is on a path towards $1.5 billion in sales this year. The water bottling company owned by GraceKennedy Group expects to rebound from unspecified challenges and ramp up sales outside of Kingston, alongside...

I won’t forget the first time I took a ride in a car without anyone sitting in the driver’s seat. It happened one night last September when a Chevy Bolt named Peaches picked me up outside a San Francisco bar. Our ensuing half-hour ride together...