Business

Micron, one of the world’s largest microchip manufacturers, announced on Tuesday that it would open a semiconductor plant in upstate New York, promising an investment of up to US$100 billion over two decades and a plant that could bring 50,000 jobs...

Europe faces “unprecedented risks” to its natural gas supplies this winter after Russia cut off most pipeline shipments, the International Energy Agency, IEA, said on Monday, warning that European nations could wind up competing with Asia for...

The management of Radio Jamaica Limited, which trades as the RJRGLEANER Communications Group, is looking past a first-quarter loss of $40 million that was ascribed to seasonal and logistical factors, saying business is already on the upturn. Chief...

Deputy Commissioner of Operations at Jamaica Customs Agency (JCA), Marlon Lowe, says work is being undertaken to incorporate drones and canine detection in JCA’s border security strategy by 2025. Both programmes are now said to be in the start-up...

There is no sign that the war in Ukraine will end soon. Instead, following significant losses on the battlefield, Russia is mobilising huge numbers of its citizens to fight in a conflict in which most do not wish to participate. In response, the...

You’re a corporate leader who wants to inspire your organisation. But you aren’t naturally charismatic, nor are you famous. Is there a way to energise and motivate stakeholders who must play a part in the transformation you envision? A startling...

A federal judge has ordered a fresh round of mediation talks aimed at restructuring more than US$8 billion in debt held by Puerto Rico’s power company as it struggles to recover from Hurricane Fiona. In addition, US District Court Judge Laura...

Jamaicans may soon be able to access the internet through satellite transmission, if the licence being sought by Starlink Services Jamaica Limited gets the nod from regulators. Starlink is operated by SpaceX, a company owned by American billionaire...

Shares in luxury carmaker Porsche AG rose on their first day of public trading after German parent company Volkswagen raised €9.4 billion (US$9.1 billion) for one of the largest initial public offerings in European history. Shares traded at €85.68...

Financial markets’ reaction to the US Federal Reserve’s latest policy move was reminiscent more of developing countries than of the world’s most powerful economy. Given that the Fed is the world’s most systemically important central bank, this is...

Derrimon Trading Group is now undertaking due diligence on a foreign company it was eyeing three months ago for possible acquisition. Its talks continue with the United States-based retail and distribution company, but Chief Financial Officer Ian...

Scope Caribbean weighed on the earnings of The Limners and Bards, which trades as The LAB, but it was mostly the media and advertising company’s investments that contributed to the erosion of its bottom line, constraining profit growth to less than...