Shocks and plant maintenance are weighing on the outlook of Caribbean Cement Company Limited. “Like most companies, we have been impacted by inflationary pressure caused by the COVID-19 pandemic and the war affecting eastern Europe, resulting in...
Attractions owner Dolphin Cove Jamaica appears to be in line to possibly buy its rival Mystic Mountain Rainforest Adventures, the tropical rainforest-themed attraction which is just up the road from the seaquarium’s flagship Ocho Rios operation,...
Larry, a 71-year-old retired insurance broker and Donald Trump fan from Alabama, wouldn’t be likely to run into the liberal Emma, a 25-year-old graphic designer from New York City, on social media – even if they were both real. Each is a figment of...
Brazil’s Supreme Court on Tuesday ordered the federal highway police to immediately clear hundreds of roads across the country blocked by truck drivers protesting President Jair Bolsonaro’s loss in the October 30 election. A majority of the court’s...
A senior official of the International Monetary Fund, IMF, is visiting the Caribbean as the region prepares for its participation in the United Nations Climate Conference, otherwise called COP27. IMF Deputy Managing Director Bo Li is focusing on...
The war in Ukraine and the global cost-of-living crisis are hitting Latin America and the Caribbean hard. Growth in the LAC region, which rebounded impressively from COVID-19 to reach an average rate of 6.8 per cent in 2021, will fall to just 1.8...
Barbados Prime Minister Mia Amor Mottley spoke passionately to the United Nations General Assembly in September about the mounting debt many developing countries are shouldering and its increasing impact on their ability to thrive. The average debt...
This summer, as China fired missiles into the sea off Taiwan to protest House Speaker Nancy Pelosi’s visit to the island, a much different kind of geopolitical standoff was taking shape in another corner of the Pacific Ocean. Thousands of miles...
Billionaire Elon Musk is already floating major changes for Twitter — and faces major hurdles as he begins his first week as owner of the social media platform. Twitter’s new owner fired the company’s board of directors and made himself the board’s...
The Jamaica Stock Exchange (JSE) combined index declined on Monday with an advance/decline ratio of 43/51. The JSE Combined Index declined by 1,412.66 points or 0.39 per cent to close at 361,488.69 points. The JSE Main Market Index declined by 557....
Oil companies brought in staggering profits once again as people worldwide struggled with high gasolene and energy prices. Exxon Mobil broke records with its profits in the third quarter, raking in US$19.66 billion in net income. The Irving, Texas...
Between rising hunger and the prospect of still more supply shortages, dark clouds are hovering over the global food system. Not only has the war in Ukraine limited access to and raised prices for food and fertiliser, but extreme weather events are...
Elon Musk has taken control of Twitter after a protracted legal battle and months of uncertainty. The question now is what the billionaire Tesla CEO will actually do with the social media platform. Musk gave one indication of where he is headed in...
We are fortunate in Jamaica to have a wide range of financial institutions – commercial banks, insurance companies, stockbroking companies, investment management companies, building societies, and credit unions – that provide various services to...
tTech CEO Christopher Reckord is exploring his options with an eye on either a Caribbean or global move. This, as he announced that after nearly a decade of association with tTech, and over four years as its leader, he will be moving on. Reckord...
‘Indian son rises over empire. History comes full circle in Britain’ read the headline on India’s NDTV early morning news bulletin, indicating the fascination there and across much of the world that the United Kingdom, a country still struggling to...
You know your company should be crafting long-term, post-COVID plans. Why? The pandemic has created once-in-a-lifetime opportunities waiting to be exploited. But you have been so busy just keeping the organisation alive that you either have half a...
The news gods decreed that I write about cyberspace risks today. Cyberspace is ‘the information environment consisting of the interdependent network of information systems infrastructures including the Internet, telecommunications networks,...
Michael Lee-Chin Jr has ventured into an online business that offers loans to the unbanked and others facing challenges in accessing credit. Lee-Chin Jr, the son of investor and bank owner Michael Lee-Chin, has joined forces with banking and...
The Jamaica Stock Exchange (JSE) Combined Index again lost ground Friday. Slow trading on high volumes saw the index close with an advance/decline ratio of 36/43. The JSE Combined Index declined by 1,461.45 points or, 0.40 per cent, to close...
Sales for rum and other spirits in the liquor portfolio of Italian Campari Group grew 39 per cent in the Jamaican market over nine months to September 2022, the biggest business boost of all its regional markets for the period. Sales in Jamaica...
Surging oil prices charged energy stocks through 2022 and could keep supporting the sector despite a looming recession and stubbornly hot inflation squeezing consumers. The sector’s 50 per cent gain is a standout in the S...
When Hurricane Ian tore through western Cuba in late September, causing an islandwide blackout, it left the government grappling with a deepening energy crisis and simmering discontent among Cubans. It also, once again, thrust the Caribbean island...
The United States Department of Agriculture, USDA, has closed its mango preclearance programme in Haiti, blaming the “worsening challenges” faced by its inspectors in the French-speaking Caricom country. In an October 24 letter to President of the...
