GraceKennedy Group wants a bigger presence in the Caribbean’s life insurance market, and is chasing yet another deal to grow the division. It’s now in eight countries but has set a target of up to 15 markets, and is in the process of acquiring...
Even when regular workers win their biggest raises in decades, they look minuscule, compared with what CEOs are getting. The typical compensation package for chief executives who run S...
The Jamaican central bank has joined calls led by the big multinational financial institutions for governments to be careful how they go about implementing or prolonging the use of subsidies to cushion their populations and productive sectors...
Former parliamentarian Dr Fenton Ferguson is to undertake a real estate development in St Thomas, his first project in the residential housing market after losing his seat to Dr Michelle Charles in the 2020 general election. He will be constructing...
Pfizer said on Wednesday that it will provide nearly two dozen products, including its top-selling COVID-19 vaccine and treatment, at not-for-profit prices in some of the world’s poorest countries. The drugmaker announced the programme at the World...
Soaring inflation. Russia’s war in Ukraine. Squeezed supply chains. The threat of food insecurity around the world. The lingering COVID-19 pandemic. The risks to the global economy are many, leading to an increasingly gloomy view of the months...
Ehave Inc, which is researching magic mushrooms growing in Jamaica, is to merge with another start-up company ahead of a planned listing on the Nasdaq stock exchange. Through its subsidiary Mycotopia Therapies, Ehave will merge with Ei.Ventures,...
The European Union’s executive arm entered sensitive legal territory on Wednesday with a proposal to confiscate the frozen assets of oligarchs who try to violate the bloc’s sanctions over Russia’s war in Ukraine. The European Commission proposed...
The Bank of Jamaica, BOJ, is not buying into talk internationally that the aggressive raising of policy interest rates by central banks as an inflation fighting tool is leading to a slowing of growth and potential recession, either in the local or...
The quest for carbon neutrality has begun in earnest. More than 70 countries, including the world’s biggest polluters, have set net-zero targets for carbon dioxide emissions, with hundreds of cities, companies, and investors committing to...
Massachusetts’ highest court on Tuesday rejected a bid by ExxonMobil to dismiss a lawsuit brought by the state that accuses the oil giant of misleading the public about the role its fossil fuels play in causing climate change. The lawsuit filed in...
More than a year has elapsed since the Jamaica National Group applied for a banking licence in the Cayman Islands, but it’s hopeful of landing the permit by the advent of summer. Cayman Islands would become the third commercial banking market for...
Power provider Jamaica Public Service Company, JPS, wants an extraordinary rate review to recover two investments needed to offset future power cuts, according to documents submitted this month to the Office of Utilities Regulation, OUR, which...
As government officials, corporate leaders and other elites at the World Economic Forum grapple with how to confront climate change and its devastating effects, a central question is emerging: to what extent can oil and gas companies be part of a...
Marylín Álvarez seemed to be just the sort of person that eased American sanctions on Cuba were meant to help. With the aid of money sent by a cousin living in the United States, she began transforming the entrance to her ground-floor apartment...
The Inter-American Development Bank, IDB, is collaborating with career development and networking platform LinkedIn on assessing key labour indicators that have been emerging since the pandemic, with the aim of guiding recovery efforts in Latin...
Barita Investments Limited, BIL, is laying the groundwork for major developments that will include conversion of the former Ruins complex into a river attraction, a resort project in St Mary, an ultra-modern warehouse on land acquired at Ferry in...
Microfinance company Dolla Financial Services wants to raise $500 million from stock market investors later this month, the maximum equity raise allowed for new listings of junior market companies. The offer at $1 per share runs from May 27 to June...
Chile holds itself out as a global leader on climate change. Nearly 22 per cent of its electricity is generated by solar and wind farms, putting it far ahead of both the global average, 10 per cent, and the United States, at 13 per cent. It was one...
A federal judge in California has dismissed a securities fraud and defamation lawsuit filed by a Tesla investor against CEO Elon Musk, one of Musk’s supporters and Tesla. In an order filed Thursday, Judge James Donato threw out the lawsuit by the...
Trade promotion agencies can tip the balance towards business resilience and ‘good trade’. Businesses everywhere are facing supply-chain woes while feeling the impact of the pandemic in their lives. The supply-chain crisis is sparking a rise in...
The Development Bank of Jamaica, DBJ, has upgraded aspects of its Innovation Grant Fund, one of the primary changes being a 43 per cent or $6 million addition to the financing each successful applicant can get. DBJ on Friday announced the relaunch...
People often ask why they should invest, seeing it as a sure way to lose money, and some believing that certain kinds of investment, buying equities, for example, are gambling. On the other hand, others sound loudly the benefits of investing...
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Mexico, according to an August 5, 2021, Reuters report, sued several American gun makers in a federal court, “accusing them of reckless business practices that supply what is called a ‘torrent’ of illegal arms to violent Mexican drug cartels,...
