Sun | Jun 14, 2026

Business

Published:Wednesday | January 11, 2023 | 12:05 AM

Flying cars and self-driving vehicles always get attention at the CES gadget show in Las Vegas, but this year electric recreational boats made bigger waves. Swedish company Candela unveiled a 28-foot (8.5-metre) electric-powered hydrofoil...

Published:Tuesday | January 10, 2023 | 10:32 AM

Novamed, the new owners of Knutsford Court Hotel in New Kingston, have renamed the four-acre property Summit. Novamed Founder and Principal, Dr David Walcott made the announcement at the completion of the US$40 million deal to acquire the...

Published:Tuesday | January 10, 2023 | 12:57 AM

The United States Supreme Court on Monday rejected an Israeli spyware maker’s bid to derail a high-profile lawsuit filed by the WhatsApp messaging service, leaving in place lower court rulings against NSO Group. WhatsApp claims that NSO targeted...

Published:Sunday | January 8, 2023 | 12:43 AM

QUESTION: How can I leverage my life insurance in Jamaica while I am alive? – Van F INANCIAL ADVISER: Life insurance is accepted as a very important means of protection for the dependants of the insured, but it also provides many benefits for...

Published:Sunday | January 8, 2023 | 12:41 AM

You have heard the saying that ‘Culture eats strategy for breakfast’. It has a ring of truth to it, but you don’t want to believe that strategic planning is futile – a victim of large, negative forces which cannot be overcome. But if it’s neither...

Published:Sunday | January 8, 2023 | 12:30 AM

Managing Director of the International Monetary Fund Kristalina Georgieva warned a few days ago, according to a report in this newspaper, that 2023 will be tougher than the previous year for most of the global economy. The United States, European...

Published:Sunday | January 8, 2023 | 12:19 AM

Tourists fled the cold to vacation in Jamaica in record numbers in December, while locals stayed home, according to new data on winter travel. The colder-than-usual weather in the north led to flight cancellations affecting both locals and...

Published:Sunday | January 8, 2023 | 12:05 AM

Majd Ramlawi was serving coffee in Jerusalem’s Old City when a chilling text message appeared on his phone. “You have been spotted as having participated in acts of violence in the Al-Aqsa Mosque,” it read in Arabic. “We will hold you accountable...

Published:Friday | January 6, 2023 | 1:12 AM

With its flights running on a roughly normal schedule, Southwest Airlines is now turning its attention to repairing its damaged reputation after it cancelled 15,000 flights around Christmas and left holiday travellers stranded. The disruptions...

Published:Friday | January 6, 2023 | 1:10 AM

The US Federal Trade Commission, FTC, is proposing a new rule that would prevent companies from imposing non-compete clauses for workers that prohibit them from joining a competitor, typically for a period of time, after they leave their employ....

Published:Friday | January 6, 2023 | 12:57 AM

CIBC FirstCaribbean International Bank Jamaica, FCIBJ, one of the quietest of the eight commercial banks, continued to build on its earnings post-pandemic, with a 39 per cent jump in profit at year ending October 2022. Its annual earnings grew from...

Published:Friday | January 6, 2023 | 12:35 AM

Stung by a dramatic decline in profit to half its previous levels, air conditioning company CAC 2000 Limited is now looking to retail to gin up revenue. CEO Gia Abraham says the company will open a retail store in Village Plaza by the end of...

Published:Friday | January 6, 2023 | 12:32 AM

Tourism interests want to fortify the sector and its products from the disparate risks of cybertheft and climate change to ensure the destination does not lose its zeal. It follows a series of consultations and assessments of impacts on the sector...

Published:Friday | January 6, 2023 | 12:28 AMNeville Graham - Business Reporter

The Jamaican general insurance industry is in for tough times in 2023, industry members say, citing the double whammy of having to increase rates to guarantee a better rate of return to reinsurance investors and getting reduced reinsurance cover,...

Published:Friday | January 6, 2023 | 12:26 AM

China says it will resume issuing passports for tourism travel in another big step away from antivirus controls that isolated the country for almost three years, setting up a potential flood of Chinese going abroad for this month’s Lunar New Year...

Published:Friday | January 6, 2023 | 12:24 AM

The atmosphere at the end of the COP27 United Nations Climate Change Conference in Egypt was rather sobering. Russia’s invasion of Ukraine has forced countries to turn to thermal coal and other fossil fuels to meet their energy needs, likely...

Published:Thursday | January 5, 2023 | 12:30 AM

The United States Embassy in Cuba is reopening visa and consular services, the first time it has done so since a spate of unexplained health incidents among diplomatic staff in 2017 slashed the American presence in Havana. The embassy confirmed...

Published:Wednesday | January 4, 2023 | 12:39 AM

Inflation rose sharply throughout 2022 across both advanced economies and emerging markets. Structural trends suggest that the problem will be secular, rather than transitory. Specifically, many countries are now engaged in various ‘wars’ – some...

Published:Wednesday | January 4, 2023 | 12:30 AM

Brazil President Luiz Inácio Lula da Silva has selected Amazon activist Marina Silva as the country’s next minister of environment, an indication the new administration will prioritise cracking down on illegal deforestation even if it means running...

Published:Wednesday | January 4, 2023 | 12:22 AM

Power provider Jamaica Public Service Company, JPS, paid out $816 million for breaches of customer-guaranteed standards over a decade. The bill was about 30 times larger than payments by another monopoly utility, the National Water Commission, NWC...

Published:Wednesday | January 4, 2023 | 12:11 AM

Tesla said it sold a record 1.3 million vehicles last year, but the number fell short of CEO Elon Musk’s pledge to grow the company’s sales by 50 per cent nearly every year. The 2022 figure topped the prior record of 936,000 vehicles delivered in...

Published:Wednesday | January 4, 2023 | 12:11 AM

Major Japanese companies have grown more pessimistic about the economy, given higher costs and a weaker yen, according to a survey by Kyodo News. The survey of 117 companies found just over half, or 56 per cent, expect the economy to grow this...

Published:Wednesday | January 4, 2023 | 12:09 AMSteven Jackson - Senior Business Reporter

The main market of the Jamaica Stock Exchange will struggle in 2023 even after three straight lacklustre years, but less so for other indices, market investors say. Long-term investors may see the dip in the main market as a buying opportunity for...

Published:Wednesday | January 4, 2023 | 12:07 AMKarena Bennett - Business Reporter

Sunday commerce in Jamaica has long been mainly the province of essential businesses such as grocery shops and gas stations. But around the yuletide season, consumers can bet on shop owners – both large and small and spanning the spectrum of the...

Published:Wednesday | January 4, 2023 | 12:05 AM

Almost 1,000 cities, towns and villages in the United States lost their status as urban areas last Thursday as the US Census Bureau released a new list of places considered ‘urban’ based on revised criteria. Around 3.5 million residents living in...

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