There is yet no immediate end in sight for continuing litigation involving the bankrupt Mystic Mountain Limited, MML, despite the Supreme Court ruling last week that receiver Wilfred Baghaloo can go ahead with the planned sale of assets of the...
Published:Wednesday | November 16, 2022 | 12:09 AM
In his Jackson Hole speech in August, US Federal Reserve Chair Jerome Powell made clear that curbing inflation is the Fed’s top priority. While the Fed has distanced itself from its assessment last year that the inflation pickup would be short-...
Published:Wednesday | November 16, 2022 | 12:09 AM
Sygnus Credit Investments, SCI, is holding out little hope of recouping any of the funds it lent MV Cayman after the court ordered its winding up in October. The resort holding company based in the Cayman Islands was forced into liquidation after...
Published:Wednesday | November 16, 2022 | 12:08 AM
Adidas has appointed Bjørn Gulden, the CEO of rival Puma, as its new chief executive, and he will take over the German sportswear brand in January as the company weathers the fallout from its split with the rapper formerly known as Kanye West....
Published:Wednesday | November 16, 2022 | 12:06 AM
The World Bank Group has announced a Global Shield Financing Facility to help developing countries, including those in the Caribbean, access more financing for recovery from natural disasters and climate shocks. The Washington-based bank said the...
Published:Wednesday | November 16, 2022 | 12:06 AM
There are reams and reams of reading material on leadership, and no attempt will be made here to add to them. However, there is value to gain by family-owned businesses, FOBs, being reminded of the biblical directive of Proverbs 29:18: “Where...
Published:Wednesday | November 16, 2022 | 12:06 AM
President of Guyana Dr Irfaan Ali says that the first audit report on ExxonMobil’s spending in the country will be completed before year end. The contract to complete the audit was signed in May and it was expected that the reports would be...
Published:Wednesday | November 16, 2022 | 12:05 AM
Sam Bankman-Fried received numerous plaudits as he rapidly achieved superstar status as the head of cryptocurrency exchange FTX: the saviour of crypto, the newest force in Democratic politics, and potentially the world’s first trillionaire. Now the...
The Jamaica Stock Exchange (JSE) Combined Index lost more ground Tuesday. Slow trading ended with an advance/decline ratio of 52/47. The JSE Combined Index declined by 307.58 points or 0.09 per cent, to close at 355,879.31. The JSE Main Market...
Testimony began on Monday in a Delaware courtroom where Tesla shareholders are challenging a compensation plan for CEO Elon Musk, potentially worth more than US$55 billion. The lawsuit alleges that the performance-based stock option grant was...
NCB Financial Group, operator of Jamaica’s largest commercial bank, said Friday that a member company has received approval to offer remittance services through the Lynk digital wallet, allowing it to tap into ‘US$3.3 billion’ market. “The 2023...
The Mexican government is using video of homeless people and open-air drug users in Philadelphia’s embattled Kensington neighbourhood in a national ad campaign to try to scare young people away from drugs. The spots never identify the city or...
There are only two building societies in Jamaica today, but they still play an important role in providing personal financial solutions, notwithstanding the fact that there are other financial institutions that provide mortgages – their main...
Your company is aware of people analytics. It wants to use these techniques to increase productivity. But it’s not clear who should champion this transformation: human resources or another unit? In companies across the world, COVID has accelerated...
The Rev Ronald Thwaites’ October 24 essay, ‘Can Good Come from this Nazareth?’, featured the GraceKennedy Foundation’s 40th Anniversary Lecture and its sponsor’s centenary celebrations. His comments about the lecture and the GraceKennedy Group...
Just over a week ago and for the 30th year running, the United Nations General Assembly voted overwhelmingly in favour of a resolution condemning Washington for its continuing embargo on Cuba. The vote passed by 185 votes to two, with two...
Visitors to Argentina are still not receiving a more favourable exchange rate when paying with credit and debit cards days after the new measure was announced two weeks ago, although officials insist it is only a matter of time until it is...
NEW YORK (AP) — Collapsed cryptocurrency trading firm FTX confirmed there was “unauthorised access” to its accounts, hours after the company filed for Chapter 11 bankruptcy protection Friday. The embattled company's new CEO...
Elon Musk sought to reassure big companies that advertise on Twitter on Wednesday that his chaotic takeover of the social media platform won’t harm their brands, acknowledging that some “dumb things” might happen on his way to creating what he says...
Stock valuations are falling fast, giving investors a potential opportunity to snap up stocks that may have been overvalued just a year ago. Take industrial bellwether Caterpillar Inc, for example. Last year the Illinois-based heavy machinery...
Price increases moderated in the United States last month in the latest sign that the inflation pressures that have gripped the nation might be easing, as the economy slows and consumers grow more cautious. Consumer inflation reached 7.7 per cent...
Telecommunications provider Flow Jamaica made US$108.5 million ($16.6 billion) in quarterly revenue to September, up by nearly eight per cent year-on-year due to increased customers. The Jamaica operations, which form part of the Liberty Latin...
The installation of two new beverage lines by Wisynco Group Limited will boost production by at least 35 per cent, according to Chairman William Mahfood. The drinks manufacturer plans to increase its capacity to meet the growing demand in local and...
