Business

Inflation in the European countries using the euro currency hit another record in August, fuelled by soaring energy prices mainly driven by Russia’s war in Ukraine. Annual inflation in the eurozone’s 19 countries rose to 9.1 per cent, up from 8.9...

Germany is well-prepared to tackle a possible energy shortage due to Russia’s squeeze on European gas supplies, Chancellor Olaf Scholz declared on Tuesday, even as fears grow about the rising prices that will hit consumers across the continent this...

The central bank is clarifying a concern about capital flight, which it raised months ago when it started raising its policy interest rate late last year as a decisive move against rising inflation that pre-empted the central banks of several large...

Major South Korean battery maker LG and Japanese automaker Honda are investing US$4.4 billion in a joint venture in the United States to produce batteries for Honda electric vehicles in the North American market, the two companies said Monday. The...

Record growth in renewables, representing over 80 per cent of all new power-generating capacity last year, is the clearest sign yet that the energy transition is gathering pace. But recent events have shown that unplugging the current energy system...

Access Financial Services Limited has rebufffed a request for talks by Dolla Financial, which is contemplating a takeover of its bigger rival. Access says its board “is not soliciting offers from any entity to sell” the firm, it said in an August...

The United States and China have reached a tentative agreement to allow US regulators to inspect the audits of Chinese companies whose stocks are traded on US exchanges. In a long-festering dispute, US regulators have threatened to boot a number of...

Telecom revenues are still climbing by double-digit levels, two years after the onset of the pandemic. In the January to March 2022 quarter, telecoms firms generated $29 billion in revenue or 15 per cent more than the $25.18 billion in the...

The ‘metaverse’ isn’t here yet, and when it arrives, it will not be a single domain controlled by any one company. Facebook wanted to create that impression when it changed its name to Meta, but its rebranding coincided with major investments by...

Participants in the local stock market – people and institutions – often take for granted the ease with which they are able to buy and sell listed securities. This was not always the case, and much credit must be given to the Jamaica Central...

Many thoughts raced through my mind as I read last Sunday’s article about the non-payment of a life insurance claim following the killing of Taneka Gardner at a Montego Bay church on October 17 last year. They ranged from what appears to me to be a...