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Business

Published:Wednesday | June 29, 2022 | 12:06 AM

A court in Paris found the French government guilty of wrongful negligence involving the former use of a banned pesticide in the French Caribbean islands of Guadeloupe and Martinique, but denied compensation to those affected, officials announced...

Published:Tuesday | June 28, 2022 | 5:07 PM

The Jamaica Stock Exchange (JSE) Combined Index declined on Tuesday with an advance/decline ratio of 33/57. The index moved down by 1,287.19 points or 0.32 per cent to close at 395,424.25 points. The JSE Main Market Index declined by 816.45 points...

Published:Tuesday | June 28, 2022 | 12:05 AM

British Prime Minister Boris Johnson signalled on Monday that a plan to rip up parts of the post-Brexit trade deal he signed with the European Union could become law by the end of the year. Lawmakers began debating legislation that rewrites trade...

Published:Monday | June 27, 2022 | 5:45 PM

The Jamaica Stock Exchange (JSE) combined index advanced on Monday with an advance/decline ratio of 40/41. The JSE Combined Index advanced by 826.80 points or 0.21 per cent to close at 396,711.44 points. The JSE Main Market Index advanced by 1...

Published:Sunday | June 26, 2022 | 12:10 AM

The Jamaica Information Service issued a statement from the Minister of Finance...

Published:Sunday | June 26, 2022 | 12:10 AM

For years, human resources professionals have lobbied; they must have a seat at the strategic planning table. Now, many companies agree. However, HR’s impact in retreats has not matched those of other functions. What can your company do to ensure...

Published:Sunday | June 26, 2022 | 12:09 AM

In a few weeks, a clearer picture should emerge as TransJamaican Highway Limited (TJH) moves to acquire the company responsible for the daily operations of Highway 2000 East-West. That is the commitment from TJH Managing Director Ivan Anderson as...

Published:Sunday | June 26, 2022 | 12:09 AMKarena Bennett - Business Reporter

Microfinance company Dolla Financial Services has entered an agreement with energy solutions provider RTA Biz, a deal projected to bring about 700 additional clients to the microfinance company over the span of one year. The company, which is...

Published:Sunday | June 26, 2022 | 12:09 AM

A sleek, US$156-million superyacht belonging to a sanctioned Russian oligarch and parliamentarian is now docked in Dubai, the latest reminder of how the skyscraper-studded sheikhdom has become a haven for Russian money amid Moscow’s war on Ukraine...

Published:Sunday | June 26, 2022 | 12:09 AM

Olga Lidia Lahera lives with her daughter and two granddaughters in a tiny 15-square-meter (160-square-foot) apartment with peeling plaster walls that has barely enough room for a shelf with pots and a rickety sofa bed. A cloth curtain separates...

Published:Sunday | June 26, 2022 | 12:07 AMKarena Bennett - Business Reporter

Weeks after the Senate officially passed legislation to enable the full roll-out of Jamaica’s digital currency Jam-Dex as legal tender, another three banks have stated their intention to move swiftly on the launch of digital wallets to facilitate...

Published:Sunday | June 26, 2022 | 12:07 AM

There are many people who are not benefiting from their money or the money of close family because saving accounts at deposit-taking institutions have become dormant or the balances been classified as unclaimed balances. Among the reasons for these...

Published:Sunday | June 26, 2022 | 12:06 AM

The recently ended Summit of the Americas will likely be best remembered for the US decision not to invite Cuba, Venezuela, and Nicaragua, the chaotic unprepared way in which Washington tried to manage this, and the decision by some hemispheric...

Published:Friday | June 24, 2022 | 4:16 PM

The Jamaica Stock Exchange (JSE) Combined Index ended the week down on Friday. The moderate trading ended with an advance/decline ratio of 53/40. The JSE Combined Index declined by 1,793.61 points or 0.45 per cent to close at 395,884.64. The JSE...

Published:Friday | June 24, 2022 | 12:11 AMHuntley Medley - Associate Business Editor

Minister of Industry, Investment and Commerce Aubyn Hill has remained mum on an apparent shake-up of state agencies under his portfolio, despite having ended the employment of the long-standing and highly respected chief executive of the Companies...

Published:Friday | June 24, 2022 | 12:11 AM

Energy storage company Tropical Battery is looking to raise $250 million of debt capital to fund an acquisition and its growing operations. The company had initially considered paying for the new business using some of the cash generated from its...

Published:Friday | June 24, 2022 | 12:11 AM

Businesses expect inflation to rise over the next 12 months to its highest level in a dozen years, but on the positive side, they think the dollar will largely keep stable, according to a new central bank survey of inflation expectations....

Published:Friday | June 24, 2022 | 12:10 AM

The airport lines are long, and lost luggage is piling up, portending a chaotic summer for travellers in Europe. After two years of pandemic restrictions, travel demand has roared back, but airlines and airports that slashed jobs during the depths...

Published:Friday | June 24, 2022 | 12:10 AM

Germany activated the second phase of its three-stage emergency plan for natural gas supplies on Thursday, warning that Europe’s biggest economy faces a “crisis” and storage targets for the winter are at risk after Russia reduced energy deliveries...

Published:Friday | June 24, 2022 | 12:10 AM

The good news for stocks is that this year’s sell-off means they no longer look eye-wateringly expensive. The bad news: That won’t matter if corporate profits give out. A stock’s price rises or falls for essentially two reasons: how much cash a...

Published:Friday | June 24, 2022 | 12:10 AM

Caribshopper, a Florida-based e-commerce outfit founded by two Jamaican brothers, is expanding its footprint to Canada and later to the United Kingdom, where a push into that market is targeted for next January. The company started in 2016 with an...

Published:Friday | June 24, 2022 | 12:09 AM

Key Insurance Company Limited is now offering insurance for water sports and solar panels as new lines of business to grow revenue. “We just started promoting them in May. So I am unable to say the premiums generated from the two products,” said...

Published:Thursday | June 23, 2022 | 3:49 PM

The Jamaica Stock Exchange (JSE) Combined Index registered gains on Thursday. The moderate trading ended with an advance/decline ratio of 46/47. The JSE Combined Index advanced by 2,003.09 points or 0.51 per cent to close at 397,678.25. The JSE...

Published:Thursday | June 23, 2022 | 12:07 AM

Kellogg Company, the 116-year-old maker of Frosted Flakes, Rice Krispies, Pringles and Eggo, will split into three companies focused on cereals, snacks and plant-based foods. Kellogg’s, which also owns plant-based food brand MorningStar Farms, said...

Published:Wednesday | June 22, 2022 | 3:41 PM

The Jamaica Stock Exchange (JSE) Combined Index marginally reversed some of its recent gains on Wednesday. The moderate to heavy trading ended with an advance/decline ratio of 44/44. The JSE Combined Index declined by 606.61 points or 0.15 per...

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