Published:Wednesday | September 7, 2022 | 12:06 AM
As the Dolla Financial takeover bid for Access Financial Services Limited, AFS, heats up, manager in charge of sales and marketing at Access Financial, Deveta McLaren, has resigned, effective September 30, 2022. In a notice via the Jamaica Stock...
Published:Wednesday | September 7, 2022 | 12:06 AM
Profits at pharmacy and retail business Fontana Limited grew 18 per cent to $606.2 million at its June 2022 year-end, from the $512.3 million net profit it made last year, helped by sales that grew 23 per cent, outperforming the growth recorded for...
Published:Wednesday | September 7, 2022 | 12:06 AM
Turkey’s annual inflation passed 80 per cent in August, according to official data on Monday, further hitting consumers facing high energy, food and housing costs. The Turkish Statistical Institute said consumer prices rose by 80.21 per cent from a...
Published:Wednesday | September 7, 2022 | 12:06 AM
Raymond, one of my faithful readers, raised interesting points about my August 28 article: ‘Why the secrecy and delay in the Taneka Gardner life claim?’ He asked: Would it be ethical, legal, and consistent with public policy for Ms Gardner’s late...
Published:Wednesday | September 7, 2022 | 12:06 AM
Irish regulators are slapping Instagram with a big fine after an investigation found the social media platform mishandled teenagers’ personal information in violation of strict European Union, EU, data privacy rules. Ireland’s Data Protection...
Published:Wednesday | September 7, 2022 | 12:05 AM
Telecommunications provider Digicel this month received a credit rating downgrade from respected rating agency Fitch, which has cast doubt on the global company’s ability to find cash from savings or operations to pay out US$925 million in bonds that...
OPEC and allied oil-producing countries, including Russia, made a small trim in their supplies to the global economy Monday, underlining their unhappiness as recession fears help drive down crude prices. The decision for October rolls back a mostly...
Migrating to a new country brings new opportunities for a better life, but many emigrants ultimately want to return home – and to be accepted. Allow me to share two real-life experiences with you. Billy migrated to Great Britain from Hanover in...
Starbucks has named a longtime PepsiCo executive as its new CEO. The coffee giant said last Thursday that Laxman Narasimhan will join Starbucks on October 1 after relocating from London to Seattle, where Starbucks is based. He will work closely...
Motor company Ford is recalling nearly 200,000 large sport utility vehicles (SUVs) in the United States because the heating and cooling fan motors can fail and catch fire. The recall covers Ford Expeditions and Lincoln Navigators from the 2015...
Buffeted by inflation and higher loan costs, car buyers are moving away from sport utility vehicles (SUVs) and even mid-level sedans to cheaper models. However, the lower sale prices and higher costs incurred to supply these cheaper cars are...
Sky High Aviation, a Dominican Republic-based airline wants to operate flights to Jamaica starting next month, a move that would further expand the rebound in the travel market. The company plans to do scheduled air service between the Spanish-...
Average long-term mortgage rates in the United States rose to their highest level in two months this past week, providing no relief for a slumping housing market. Mortgage buyer Freddie Mac reported last Thursday that the 30-year rate rose to 5.66...
A hearing officer for a federal labour board has rebuffed Amazon’s attempt to scrap a historic union win at a warehouse on Staten Island, New York, in the United States, handing victory to organisers in what could be a very long battle for...
Each day you go into the office you want to be inspired by your work and be elevated by what your organisation can accomplish. But if that is not your daily experience, does the quality of strategic leadership have something to do with it? Perhaps...
A consortium that is said to include three of Jamaica’s leading investment houses – JMMB, Barita, and Sygnus – as well as three directors of the Jamaican bunkering outfit that initially claimed it bought the company, says it is on the hunt for US...
An autonomous vehicle run by Cruise LLC got into a wreck while making a left turn, causing the company to update software and recall 80 vehicles. The San Francisco-based unit of General Motors, GM, says the crash happened on June 3. The company...
The all-out effort by the Bank of Jamaica, BOJ, to steady and even strengthen the local currency as part of its policy response to high inflation, is being supported by ongoing research by the central bank. During periods of heavy currency...
Over a thousand acres of arable land are set to make way for the continuing building boom, as lands in Innswood Village in St Catherine which were originally acquired for a major agricultural development by a group of investors headed by business mogul Michael Lee-Chin, are being repurposed for a housing development, the Financial Gleaner understands.
Large manufacturing and distribution company Wisynco Group has reported earnings of $4 billion for its 2022 financial year, a 32 per cent profit boost over the previous year. Revenue from operations for the year ended June 30, 2022, was $39.1...
India’s economy grew by 13.5 per cent in the April to June quarter from a year earlier, pushed up by a boost in agriculture and manufacturing as pandemic curbs eased, official figures released on Wednesday show. The jump follows a 4.1 per cent...
South Korea says it plans to challenge a World Bank tribunal’s order to pay US$216.5 million plus interest to Texas-based Lone Star Funds following a decade-long dispute over the private equity firm’s sale of the Korea Exchange Bank (KEB). South...
Stoked by the largest surplus in the history of the state, the Republican-led legislature in Missouri in the United States devised a US$500-million plan to send one-time tax refunds to millions of households. In a shock to some, GOP Governor Mike...
Ford is recalling more than 277,000 pickup trucks and cars in the United States because the rearview camera lens can get cloudy and reduce visibility for drivers. The recall covers certain F-250, 350 and 450 trucks as well as the Lincoln...
Toyota is investing US$5.6 billion in Japan and the United States to boost production of batteries for electric vehicles, the Japanese automaker said on Wednesday. Production is set to start between 2024 and 2026. In Japan, US$3 billion will go...
