A software developer twice invested his savings in cryptocurrencies, only to lose it all. But he still promotes it to the Black community and would like to get back in himself. A recent college graduate and a single mom are dabbling hopefully in...
Binance and its founder Changpeng Zhao are being sued by the Commodity Futures Trading Commission for numerous alleged violations of the Commodity Exchange Act, CEA, and CFTC regulations. Binance’s former chief compliance officer, Samuel Lim, was...
William Shatner, Monica Lewinsky, and other prolific Twitter commentators — some household names, others little-known journalists — could soon be losing the blue checkmarks that helped verify their identity on the social media platform. They could...
Today’s article will offer readers an example of a country in this hemisphere with about seven times Jamaica’s population that has taken responsibility for its vulnerability to natural disasters. Successive local administrations have ignored this...
The Government of Jamaica made headlines locally and internationally recently when it announced a 44 per cent increase in the country’s minimum wage effective June 1, 2023, from the current $9,000 per week to $13,000, giving rise to several...
Investing in yourself is devoting resources, such as time and money, to develop the knowledge, skills, experience, competencies, and a state of well-being that are required to make you a more complete person with the ability to function at a high...
IMCA Jamaica, the local exclusive distributor for construction and mining equipment manufacturer Caterpillar, has added a new brand to its line-up known as SEM. The SEM equipment is designed by brand-owner Caterpillar, but made in China, using...
Microlender Dolla Financial Services approached investors again for fresh capital, having already run through the $1.2 billion raised less than a year ago, says CEO Kadeen Mairs. This time, Dolla is seeking US$5 million, or around $750 million in...
Jamaica slipped five spots to 68 in the global happiness rankings, indicating that fewer Jamaicans have found things to smile about since the pandemic. It comes amid heated inflation and rising cost of living, job protests over public sector pay...
A 5,000-mile seaweed belt lurking in the Atlantic Ocean is expected in the next few months to wash on to beaches in the Caribbean Sea, South Florida, and the Yucatán Peninsula in Mexico. The Great Atlantic Sargassum Belt — as the biomass stretching...
Travel brand loyalty is nothing new. Ever since Texas International Airlines and American Airlines created the first frequent-flyer programmes in the late 1970s and early 1980s, travellers have been racking up miles, seeking elite status and...
Boutique alcoholic beverage manufacturer RJ Rums and Spirits is coming to market in days with a mango liqueur that it will sell under the brand name Orchid. The line will also include other fruit flavours over time. The company is already in the...
Economic Programme Oversight Committee chairman Keith Duncan lauded the rapid reduction in Jamaica's debt, but warned that high interest rates pose concerns. “We are the Usain Bolt of debt reduction. We will become a model to the world,” Duncan...
The Jamaica Stock Exchange (JSE) Combined Index closed the week Friday on a winning note. The moderate trading session ended with an advance/decline ratio of 42/53. The JSE Combined Index advanced by 1,499.50 points or 0.45 per cent to close at...
Ford Motor Company’s electric vehicle business has lost US$3 billion before taxes during the past two years, and will lose a similar amount this year as the company invests heavily in the new technology. The figures were released on Thursday as...
The Bank of England extended its battle against inflation on Thursday, announcing an 11th consecutive interest rate increase despite concerns about the economic fallout from troubles in the global financial system. Britain’s central bank boosted...
Food and logistics company Jamaica Producers Group Limited has widened its European footprint with the 100 per cent acquisition of The Juicy Group NV and HPP Belgium NV. The acquisition was completed on March 21, 2023, according to a release,...
Fitch rating agency has revised the outlook for National Commercial Bank Jamaica Limited, NCBJ, from stable to positive, reflecting an overall improvement in the economy. NCBJ is Jamaica’s largest commercial bank with assets of nearly $886 billion...
On March 10, the eyes of the financial world were fixated on the US banking system. The share price of Silicon Valley Bank, SVB, the 16th largest US bank, plummeted upon news that it was on the verge of failing. The collapse of SVB is now the...
Bank of Jamaica has said it has no objection to the restructurings that Cornerstone has proposed in its application for a licence as a financial holding company, or FHC, but wants it to go further to bring two off-balance sheet companies onto its...
The United States Federal Reserve extended its year-long fight against high inflation Wednesday by raising its key interest rate by a quarter-point despite concerns that higher borrowing rates could worsen the turmoil that has gripped the banking...
It seemed like a good idea at the time: Red-state Democrats facing grim re-election prospects would join forces with Republicans to slash bank regulations — demonstrating a willingness to work with United States President Donald Trump while bucking...
British lawmakers voted overwhelmingly Wednesday in favour of Prime Minister Rishi Sunak’s deal with the European Union to rewrite the rules on Northern Ireland trade. The House of Commons voted 515-29 to back a key portion of the agreement, which...
The Jamaica Stock Exchange (JSE) Combined Index closed Wednesday on up. Another hectic trading session ended with an advance/decline ratio of 34/47. The JSE Combined Index advanced by 1,251.80 points or 0.37 per cent, to close at 335,403.70. The...
