A project in which Sygnus Real Estate Finance Limited, SRF, poured $1 billion via a real estate investment note, or REIN, is wrapping up and the company says it is exiting the arrangement with a big payout. The project, a luxury residential...
The tech world has generated a fresh abundance of front-page news in 2022. In October, Elon Musk bought Twitter – one of the main public communication platforms used by journalists, academics, businesses, and policymakers – and proceeded to fire...
Growing evidence that high inflation is finally easing shows that the United States Federal Reserve’s sharp interest rate hikes are working as intended, says Loretta Mester, a key Fed policymaker. But further rate hikes are still needed, she says,...
Bill Browder, a leading critic of Russian President Vladimir Putin, criticised the World Economic Forum, WEF, on social media for jacking up his entrance fee to the annual meeting in Davos that he has attended for the last 27 years. Browder told...
The Jamaica Stock Exchange (JSE) Combined Index again declined marginally on Thursday. Slow trading ended with an advance/decline ratio of 25/61. The JSE Combined Index declined by 1,992.86 points or 0.56 per cent to close at 354,438.51. The JSE...
Microsoft is cutting 10,000 workers, almost five per cent of its workforce, joining other tech companies that have scaled back their pandemic-era expansions. The company said in a regulatory filing Wednesday that the layoffs were a response to “...
The Chief Executive Officer of United Airlines said Wednesday that other airlines won't be able to handle all the flights they plan to operate this year, leading to more disruptions for travellers. Scott Kirby said airlines that operate as if...
The Jamaica Stock Exchange (JSE) Combined Index marginally declined on Wednesday. Slow trading ended with an advance/decline ratio of 45/45. The JSE Combined Index declined by 897.00 points or 0.25 per cent to close at 356,431.37. The JSE Main...
Business leaders, in response to fluctuating confidence indices, expressed caution and optimism for 2023. They expect the economy to slow, but not to the degree where it falls into recession. Confidence rose 1.8 per cent for consumers, but dipped...
The World Economic Forum says billionaire Elon Musk wasn’t on the guest list for the annual meeting of business executives, global leaders and cultural trend-setters in Davos, Switzerland – despite what the Twitter owner claims. Notables from...
The fastest Corvette ever made comes out next year, and it’s not powered solely by a howling V8. The E-Ray is a gas-electric hybrid, the first all-wheel-drive version of Chevrolet’s storied sports car, with the front wheels running on an electric...
China’s economic growth fell to its second-lowest level in at least four decades last year under pressure from antivirus controls and a real estate slump, but activity is reviving after restrictions that kept millions of people at home and sparked...
The planned waterfront park which will span nine acres in downtown Kingston will take nearly a year to design. And there is yet no timeline for it to move from design to completion. “The project is still at the concept stage,” said the Planning...
The European Union pushed forward on Tuesday with a major cleantech industrial plan which not only should keep the continent in the vanguard of plotting a greener future, but also guarantee its economic survival as it faces challenges from China...
The World Economic Forum’s annual meeting in Davos, Switzerland, has always been more than a little problematic. But in recent years, the annual gathering of the rich and powerful has become an increasingly wasteful exercise in vanity. What is the...
South Korean President Yoon Suk Yeol said Monday that his nation’s efforts to be carbon neutral by 2050 would rely in part on returning to nuclear power, even though his predecessor had tried to move away from atomic power. Yoon’s comments at a...
Food companies making big profits as inflation has surged should face windfall taxes to help cut global inequality, anti-poverty group Oxfam said on Monday as the World Economic Forum’s annual meeting was getting under way. That’s one of the ideas...
People worldwide are more gloomy about their economic prospects than ever before and trust business far more than other institutions like governments, non-profits and the media in an increasingly divided world, according to a survey from public...
E-commerce orders are being cancelled or redirected amid the slashing of country destinations offered by the Postal Corporation, operator of Jamaica Post. The postal service, which delivered to about 200 countries using surface and airmail shipping...
The Statistical Institute of Jamaica (STATIN) today reported that the point-to-point inflation rate for December 2022 was 9.4 per cent. The point-to-point inflation rate is the measurement of the increase in the price of goods and services over a...
Stephen Murad has been announced as the new Chief Executive Director of Digicel Jamaica following the resignation of Jabbor Kayumov after two years at the helm. Murad has held a number of senior commercial roles for Digicel...
Officials are investigating a close call at a New York airport on Friday night between a plane that was crossing a runway and another that was preparing for takeoff. “(Expletive)! Delta 1943, cancel takeoff clearance! Delta 1943, cancel takeoff...
Grace Perez is an instructor and coordinator of the Japanese Language Programme at the University of the West Indies, Mona campus (UWI). She has extensive experience working with JICA volunteers. Ms Perez and JICA volunteer, Ms Mikiko Takeda,...
Apple CEO Tim Cook will take a more than 40 per cent pay cut this year from a year earlier, as the company adjusts how it calculates his compensation, partly based on a recommendation from Cook himself. Apple Inc said in a regulatory filing late...
Many people find this a very sobering time of year when they reflect on the past year and plan for the new year and beyond. They set lofty goals with or without a compass to guide them, but success depends on the goals being practicable, the...
