Business

Scotia Group Jamaica Limited, SGJ, raked in just over $4 billion in profit, net of expenses, for the three months ending July 2022, which was 43 per cent more than the approximately $2.8 billion it recorded for the similar period last year, and 54...

Antônio Luis Durão is a member of a small minority in Brazil: He’s an undecided voter with mere weeks until presidential elections. Had the vote taken place a year ago, the 61-year-old fruit farmer would have supported Luiz Inácio Lula da Silva,...

United States President Joe Biden has stopped talking so much about inflation worries. His remarks in Columbus, Ohio, in suburban Washington at a Democratic fundraiser, at a Cabinet meeting and in Labour Day speeches in Milwaukee and Pittsburgh...

Two leading House Democrats are asking for a federal investigation into whether airlines used any of the US$54 billion they received in government pandemic relief to pay employees to quit. The lawmakers said on Friday that buyouts to employees made...

President of the United Joe Biden is launching a new initiative to encourage biotech production and research in the United States, the latest move by the White House to boost domestic industry. Biden on Monday signed an executive order implementing...

A Dubai court ruled on Monday that a British man suspected of masterminding a US$1.7 billion tax scheme cannot be extradited to Denmark to face charges. The decision in the high-profile case grants the hedge fund trader, Sanjay Shah, a victory...

A North Carolina-based semiconductor company announced on Friday it will build a US$5-billion manufacturing plant in its home state to produce silicon carbide wafers, which is emerging as a favoured part for renewable energy products. Wolfspeed Inc...

Price adjustments and inventory reorganisation are boosting the bottom line at pharmaceutical company Indies Pharma Jamaica. Commenting on the company’s improved out-turn, CEO Dr Guna Muppuri said changes to inventory management practices and...

The story of one of Jamaica’s top chocolate makers began, not with cocoa, which is chocolate’s main ingredient, but rather with coffee – an investigation into fair trade in coffee, to be exact. In 2006, Hellen Akiror, originally from Uganda, was on...

Payment processor Visa Inc said Saturday that it plans to start separately categorising sales at gun shops, a major win for gun control advocates who say it will help better track suspicious surges of gun sales that could be a prelude to a mass...

My friend Irwin invited me on his radio programme a few days ago to discuss the topic of parents seeing their children as their pension and related to me that he overheard a gentleman announcing that he was giving his children a good education...