LONDON (AP) — The Bank of England raised interest rates by half a percentage point Thursday as it sought to tame double-digit inflation that is fuelling a cost-of-living crisis, public-sector strikes, and fears of recession. The bank...
Ford is cutting prices on its Mustang Mach-E electric SUV by as much as US$6,000. The Detroit automaker is increasing production of the Mach-E this year and said it is taking advantage of streamlined costs to reduce prices across the board. The cut...
WASHINGTON (AP) — The US Federal Reserve extended its fight against high inflation Wednesday by raising its key interest rate by a quarter-point, its eighth hike since March. And the Fed signalled that even though inflation is easing, it...
The outlook for the global economy is growing slightly brighter as China eases its zero-COVID policies and the world shows surprising resilience in the face of high inflation, elevated interest rates and Russia’s ongoing war against Ukraine. That’s...
Inflation’s return from the dead has brought the era of easy monetary policy to an end. The US Federal Reserve, the European Central Bank, and others are planning to shrink their balance sheets, but this is a process that will most likely unfold...
Jimmy Cherizier zips through Haiti’s capital on the back of a motorcycle, flanked by young men wielding black and leopard-print masks and automatic weapons. As the pack of bikes flies by graffiti reading “Mafia boss” in Creole, street vendors...
Nissan and Renault have agreed to equalise the stakes they hold in each other, both sides said on Monday, ironing out a source of conflict in the Japan-French auto alliance. Up to now, Renault Group has held a 43.4 per cent stake in Nissan Motor...
GraceKennedy Limited, a food and financial services group with international reach, has taken tangible steps towards an eventual listing, likely of its food trading operation, on a major foreign market outside the region. Last week, the company...
ABUJA, Nigeria (AP) — Nigeria's push to replace its paper money with newly designed currency notes has created a shortage of cash, leaving people unable to buy what they need and forcing businesses to close across the West African nation...
India’s Adani Group, run by Asia’s richest man, has hit back at a report from United States-based short-seller Hindenburg Research, calling it “malicious”, “baseless” and full of “selective misinformation”. Shares in the conglomerate have suffered...
American Airlines and two smaller carriers gave more proof Thursday of the recovery in air travel, posting better-than-expected profit for the fourth quarter, while Southwest Airlines lost money because of massive flight cancellations last month....
Shares in India’s Adani Group plunged up to 20 per cent on Friday, and the company said it was considering legal action against United States-based short-selling firm Hindenburg Research for allegations of stock market manipulation and accounting...
Farming is one of the world’s oldest and most far-reaching endeavours. Meeting the growing food demands of the global population – projected to reach ten billion by 2050 – amid accelerating climate change presents an unprecedented high-wire act...
Government agency Jampro is in talks with Outsourcing Global Technologies Limited, which offers higher-end BPO jobs to bring its business to Jamaica. “I know BPO, business process outsourcing, is big in Jamaica, bigger than in Nigeria. Jampro has...
The financial system is built on trust. It works when we can bank on the reliability and integrity of all participants and on the systems put in place to deliver what it promises. Sadly, a breach in one part of the system has the potential to shake...
Today’s article is about Jamaica’s bank and non-bank financial sectors. It will discuss how the insurance market handles the risks of employee dishonesty or fraud for companies in these industries. Allegations of fraud at local commercial banks and...
Still in its testing phase, the new artificial intelligence tool, ChatGPT, wrote an article about business growth for 2023 in just over one minute, a task that would take the typical human being several hours to complete. In just over five minutes...
American oil company Hess Corporation has announced a “significant new oil discovery” at Fangtooth SE-1, one year after the original Fangtooth-1 discovery. Hess, a joint venture partner in the Stabroek Block, said the Fangtooth SE-1 well...
Some top executives of Massy Holdings Limited spent most of Wednesday meeting on the sidelines of the premier JSE Capital Markets Conference. There were back-to-back meetings with institutional investors and banks, including the JMMB Group, the VM...
Remittance inflows inched up in the month of November, according to new data from money services regulator Bank of Jamaica. But year to date, spanning eleven months, the inflows are off by two per cent, falling to US$3.11 billion in the January-...
Rubber tapper Raimundo Mendes de Barros prepares to leave his home, surrounded by rainforest, for an errand in the Brazilian Amazon city of Xapuri. He slides his long, scarred, 77-year-old feet into a pair of sneakers made by Veja, a French brand...
A proposal floated by the leaders of Brazil and Argentina to launch a common currency is being met with deep scepticism by analysts, who say neither country is positioned to tackle such a complicated undertaking or instil confidence in the idea...
Eppley Limited, a Jamaican company aligned with the Musson Group, will spend up to BDS$6.8 million, or the equivalent of about $520 million, to acquire outstanding shares in a real estate fund that it controls and manages, called Eppley Caribbean...
Puerto Rico privatised its electricity production on Wednesday, selecting Genera PR to take over the operation and maintenance of state power generation units in the United States territory as part of an initial US$22.5-million annual contract. The...
