Business

Jamaican Teas Limited has concluded the first phase of separating out its manufacturing arm from the rest of the group. But there are still hurdles for spin-off Caribbean Dream Foods Limited to clear before it officially launches into business. In...

Pensioners aligned with the private pension schemes that Sagicor Jamaica administers on behalf of companies can now use their own faces as proof that they are still alive. This is Jamaica’s largest life insurance company and pension fund manager...

Florida Governor Ron DeSantis moved closer to taking over Walt Disney World’s self-governing district Thursday after House Republicans approved legislation meant to punish the company over its opposition to the law critics have dubbed ‘Don’t Say...

The value of all frauds in the banking system is running at $700 million to $800 million per annum, an official of the central bank said on Thursday. But that level is down relative to previous counts by the Bank of Jamaica, BOJ. Dr Jide Lewis,...

The food division of conglomerate GraceKennedy Limited has invested US$3 million since last year, approximating nearly half-billion dollars in local currency, to reduce its reliance on power supplies from the national electricity grid. The company...

France’s Total-Energies SE doubled its profits in 2022, joining other international oil and gas companies in fattening their bottom lines as high energy prices surged after Russia’s invasion of Ukraine. Adjusted net income rose to US$36.2 billion,...

Kevin Frith has been hired to mount the Campari spirits brand at rum establishments in Caribbean. The deal struck through Ideas Execution Limited is similar to the arrangement Frith had with rum maker J. Wray...

Asia will for the first time use half of the world’s electricity by 2025, even as Africa continues to consume far less than its share of the global population, according to a new forecast released Wednesday by the International Energy Agency, IEA....

Wigton Windfarm Limited is in the process of buying land inside the 876 industrial park at Ferry Pen for which it is paying more than the listing price seen on one brokerage site. The renewable energy company has signed an agreement to acquire Lot...

Brazil and Argentina have announced plans to launch technical studies aimed at laying the groundwork for greater regional financial integration, with the ultimate goal of creating a common currency, called the ‘sur’. While the goal may seem distant...