Tesla says it will cut the cost of its next generation of vehicles in half, largely by using innovative manufacturing techniques and smaller factories. CEO Elon Musk and other executives outlined the goals during an investor day presentation at...
Large food and financial services group GraceKennedy Limited is joining the stock market companies that have implemented share buyback schemes, with the intent of driving up the value of their shares through curbs on the available supply. The plan...
The yield on a key Digicel bond dived towards a new low following the announcement that founder Denis O’Brien had agreed to reduce his majority control of the telecoms. Digicel Group has gone through several debt restructurings in recent times,...
Central bank Governor and Chairman Richard Byles wants financial firms to give greater care to the people selected to govern their companies at the board level and to seek out directors who are better informed on financial matters. Corporate...
After sweeping through battles in statehouses across the the United States, the war against ESG investing is heating up in Congress. House Republicans voted late Tuesday to overturn a rule by the US Department of Labor that allows retirement plans...
Former British Prime Minister Boris Johnson won the December 2019 general election on the promise that he had an “oven-ready deal” to “get Brexit done”. But while the United Kingdom did leave the European Union in January 2020, Johnson’s deal...
I climbed into the front seat of the air taxi, buckled the seat belt and braced as the aircraft lifted off. The futuristic cityscape of Busan, South Korea, dropped away, and a digital avatar popped up on the windscreen with a message. I couldn’t...
The former engineering director at FTX pleaded guilty to charges including conspiracy and wire fraud on Tuesday, becoming the third executive from the collapsed cryptocurrency giant to strike a cooperation deal with prosecutors building a case...
Manufacturing and distribution group Seprod is looking to supply the region with more margarine, and is in the process of expanding subsidiary Caribbean Products Limited to handle the increased production load. Over the past eight months, the...
The Jamaica Stock Exchange (JSE) Combined Index retreated on Thursday. The bustling trading ended with an advance/decline ratio of 40/46 The JSE Combined Index declined by 1,416.76 points or 0.40 per cent, to close at 348,871.69. The JSE Main...
Putting olive oil in coffee is hardly a tradition in Italy, but that didn’t stop Starbucks interim CEO Howard Schultz from launching a series of beverages that do just that in Milan, the city that inspired his coffee house empire. The coffee-olive...
Denis O’Brien is expected to give up majority control of Digicel Group as part of a restructuring deal with creditors that will eliminate US$1.8 billion of the company’s debt. Under the recapitalisation plan, O’Brien, who is the company’s founder...
Zoom Video Communications Inc, operator of a video-conferencing platform that gained popularity during the pandemic, reported a loss of more than US$104 million for its fiscal fourth quarter but beat expectations. On a per-share basis, the San Jose...
The name will survive the ownership change, but other adjustments are coming for the 64-year-old Medical Associates hospital. This, as new owners Caribbean Health Systems Limited, CHS, closed on a deal worth more than three quarters of a billion...
The extended bond offer from Victoria Mutual Investments Limited, VMIL, that aims to raise $5.8 billion, will pay investors double-digit interest rates to hold the debt. The proceeds of the bond arranged by its subsidiary Victoria Mutual Wealth...
President of Mexico Andrés Manuel López Obrador said Tuesday that electric car company Tesla has committed to building a plant in the industrial hub of Monterrey in northern Mexico. López Obrador said the promise came in phone calls he had Friday...
The United Kingdom and the European Union have reached a new agreement on post-Brexit trading arrangements for Northern Ireland, raising hopes that more than six years of wrangling over the UK’’s departure from the bloc may finally come to an end....
Holding the bulky brick cell phone he’s credited with inventing 50 years ago, Martin Cooper thinks about the future. Little did he know when he made the first call on a New York City street from a thick, grey prototype that our world – and our...
On February 21, the Bank of Jamaica, BOJ, held its first monetary policy press conference for 2023. A day earlier the BOJ announced its intention to keep its policy interest rate unchanged at 7.0 per cent. However, it was the BOJ’s decision to...
The Jamaica Stock Exchange (JSE) Combined Index reversed some of its recent losses on Tuesday. The busy trading ended with an advance/decline ratio of 39/43. The JSE Combined Index advanced by 3,913.59 points or 1.14 per cent to close at 347,390....
Florida Governor Ron DeSantis on Monday signed a bill that gives him control of Walt Disney World’s self-governing district, punishing the company over its opposition to the so-called ‘Don’t Say Gay’ law. The bill requires DeSantis, a Republican,...
The Jamaica Stock Exchange (JSE) Combined Index opened the week on a losing note on Monday. The busy trading ended with an advance/decline ratio of 39/43. The JSE Combined Index declined by 2,350.27 points or 0.68 per cent, to close at 343,476.95....
The four-day work week is back in the news with the successful conclusion of a large-scale pilot programme in Britain, which resulted in over 90 per cent of the 61 organisations that participated deciding to fully adopt the shortened work week...
FirstRock Real Estate Investments will begin construction of a $2.5-billion high rise in New Kingston, starting next month. Bonne Chance, which means ‘good luck’ in English, will encompass 43 residences on a 10-storey building. Assistant Vice-...
