Audrey Hinchcliffe’s Manpower Group wants to start awarding first degrees by 2026. The cleaning and maintenance company’s training arm, the Institute for Worker Education and Development, IWED, is now recognised as a higher-education institution....
The Jamaica Stock Exchange (JSE) Combined Index continued its rally on Friday. The moderate to busy trading ended with an advance/decline ratio of 58/38. The JSE Combined Index advanced by 2,335.46 points or 0.62 per cent, to close at 376,467.22...
Barbados-based regional insurance company Sagicor Financial Company Limited, SFC, has announced its purchase of ivari, a Canadian individual life insurer, in a C$325-million deal. The acquisition, Sagicor Financial said in a release, is part of its...
The price of wheat, corn and other commodities that make up the basis for much of the world’s food supply fell sharply over the summer. It’s a welcome signal for consumers dealing with high grocery bills and investors hoping to see inflation loosen...
Citigroup will wind down its consumer banking and commercial lending operations in Russia after months of looking for a buyer with Russia increasingly isolated from the Western financial world. Citigroup said in spring 2021 that it planned to exit...
First, it was impossible to find fuel or seeds to plant. Later his name wasn’t on a list of farmers eligible to rent tractors from the state. Now Lázaro Sánchez fears the current tropical rainy season will hinder his ability to work the land. While...
Officials of the Bank of Jamaica, BOJ, have put up a stout defence, pushing back against criticisms in some quarters that the relative stability in the exchange rate of the Jamaican dollar, particularly against its main US dollar counterpart, is...
Pressure from rising raw material costs caused baking company Honey Bun Limited to record a decline in profit for the April-June period, making it the second consecutive quarter of decline since the start of its financial year. Its gross margin...
Sagicor Group Jamaica Limited, SGJL, could pay up to $6 billion for remittance and cambio business Alliance Financial Service Limited, AFSL, which it acquired in April this year, having signalled in February its intention to do so. The acquisition...
Amber Aviation, a new subsidiary of the Amber Group, is set to take to the Jamaican skies by January with a fleet of six aircraft that will be utilised for air tours targeted at tourists. But it’s still awaiting the final issue of its permit by the...
The United States oil industry hit a legal roadblock in January when a judge struck down a US$192-million oil and natural gas lease sale in the Gulf of Mexico over future global warming emissions from burning the fuels. It came at a pivotal time...
Semiconductors, one of the most important innovations of the last century, are now crucial inputs in mobile phones, personal computers, educational technologies, vehicles, heavy machinery, medical instruments, military equipment, and much more....
The Jamaica Stock Exchange (JSE) Combined Index bounced back on Thursday. The moderate trading ended with an advance/decline ratio of 60/30. The JSE Combined Index advanced by 7,085.72 points or 1.93 per cent, to close at 374,131.76. The JSE Main...
Japanese Prime Minister Fumio Kishida on Wednesday instructed his government to consider developing safer, smaller nuclear reactors, signalling a renewed emphasis on nuclear energy years after many of the country’s plants were shut down. Kishida...
The Jamaica Stock Exchange (JSE) Combined Index returned to losing ways on Wednesday. The slow trading, ended with an advance/decline ratio of 34/50. The JSE Combined Index declined by 4,559.73 points, or 1.23 per cent to close at 367,046.04. The...
The euro has fallen below parity with the dollar, diving to its lowest level in 20 years and ending a one-to-one exchange rate with the US currency. It’s a psychological barrier in the markets. But psychology is important, and the euro’s slide...
A former head of security at Twitter has filed whistle-blower complaints with United States officials, alleging that the company misled regulators about its cybersecurity defences and its problems with fake accounts, according to reports by The...
The Jamaican Government wants to study the job fallout in the tourism sector since the onset of the pandemic, with a goal of not simply recovery, but forecasting the skills needed for the future. The plan includes hiring a consultant for a labour...
Generational transition, or succession planning, is the most researched and documented topic in the wide range of areas covered in the family business literature. The attention given to succession planning can be understood, given the frequently...
Future Energy Source Company Limited, operator of the Fesco brand, will be adding at least one more service station to its network before the year comes to a close. The petroleum marketing company recently celebrated the opening of another service...
Cannabis company Kaya will open a wellness centre in October in the Blue Mountains, which will become its fifth retail complex, according to the first financial filings since its reverse acquisition by NUGL Inc. The centre, called The Gap, will...
Prosecutors on Monday asked a judge to sentence Argentine Vice President Cristina Fernández de Kirchner to 12 years in prison and bar her from holding public office for life for allegedly leading a criminal conspiracy that irregularly awarded...
In the Colorado ski town of Steamboat Springs, motels line the freeway once filled with tourists eager to pitch down the slopes or bathe in the local hot springs. Now, residents like Marc McDonald, who keep the town humming by working service-...
Amid rising interest rates and a stable Jamaican dollar, some listed financial companies are reporting lower devaluation gains, and even translation losses, on their foreign currency-denominated investments, ultimately constraining their profit out...
The cinderblock home with a tin roof that Erline Castel and Dieunord Ernest rented was among the more than 130,000 houses damaged or destroyed by a powerful earthquake that struck southern Haiti last year, killing more than 2,200 people. In the...
