Business

The United States House of Representatives moved urgently to head off the looming nationwide rail strike on Wednesday, passing a bill that would bind companies and workers to a proposed settlement that was reached in September but rejected by some...

Cryptocurrency lender BlockFi filed for Chapter 11 bankruptcy protection Monday, the latest casualty of the collapse of crypto exchange FTX. New Jersey-based BlockFi had been struggling for much of this year but was given a lifeline this summer in...

Forgive the appalling cash management that caught FTX with less than US$1 billion on hand at a time when short-term liabilities were US$9 billion. That sort of thing has also been known to happen to banks. Forgive the opaque accounting, the...

TransJamaican Highway Limited, TJH, will pay US$16.1 million for the acquisition of all the shares in Jamaican Infrastructure Operator, JIO, a French-owned company that manages and operates the East-West toll network on TJH’s behalf, under contract...

Paramount Trading Jamaica, PTL, set a new record for annual sales revenue this year and followed up with its best ever turnover in a quarter for the three-month period ending August. Now the lubricants trading and chemical manufacturing company...

Chinese authorities eased some antivirus rules, but affirmed their severe ‘zero COVID’ strategy on Monday after protesters demanded President Xi Jinping resign in the biggest show of opposition to the ruling Communist Party in decades. The...

A week ago, COP27, the twenty-seventh UN conference on climate change, ended. Seen from a Caribbean perspective, the primary objective was to deliver with other vulnerable nations an agreement on ‘loss and damage’ through the creation of a...

In your company’s strategic-planning activities, you hope to make more than incremental improvements. Instead, your team dreams of brilliant decisions and breakthrough results. But are these a matter of luck? While fortune plays a role, Digicel’s...

Tank-Weld Equipment, the regional dealer for Chinese auto brand Shacman, has secured deals to supply trucks and other heavy equipment to two Caribbean markets through a company called FT Farfan. The arrangement began in Trinidad...

Financial institutions are strong enough to withstand worsening conditions, according to the most recent Bank of Jamaica stress test. The central bank conducted stress tests in recent weeks to ascertain the resilience of financial institutions to...

Jamaica Producers Group Limited and Eppley Limited have announced the formation of a US$20-million investment company called Capital Infrastructure Group, or CIG. The company invests in projects across the Caribbean. “During the start-up phase,...

The company that assembles Apple Inc’s iPhones apologised on Thursday for a pay dispute that triggered employee protests at a factory where antivirus controls have slowed production. Employees complained that Foxconn Technology Group changed the...