Mexico’s president said Tuesday that he would not attend next month’s Summit of the Americas in Los Angeles if the Biden administration excludes Cuba, Venezuela and Nicaragua – adding his voice to increasing warnings of a boycott by some leaders...
The British automotive firm Inchcape says it has completed the acquisition of Simpson Motors Limited, SML, five months after the merger was first disclosed in Barbados. At 50, Simpson Motors is Barbados’ oldest car dealership. Inchcape did not...
CGX Energy Inc and Frontera Energy Corporation are reporting positive results from their exploration well, Kawa 1, offshore Guyana have been successful. “The joint venture is pleased to announce that it has successfully discovered light oil in the...
Digicel Group’s regional revenue is expected to reach US$2 billion, by 2025, according to Fitch, which cites tourism as one of the anticipated drivers of the forecasted double-digit sales growth for the telecoms. The rating agency, however,...
Facial recognition start-up Clearview AI has agreed to restrict the use of its massive collection of face images to settle allegations that it collected people’s photos without their consent. The company, in a legal filing on Monday, agreed to...
Peloton’s uphill ride to get more sales is getting rougher as more people return to gyms and other pre-pandemic exercise routines and embrace cheaper options. The maker of high-end exercise bikes and treadmills, once high-flying in the early days...
Amid pending changes at the top of the for Guardian Group’s management team, the insurance conglomerate is revising the back-office structure for two of its subsidiaries putting a Jamaican in charge of the streamlined operation. Starting June 1,...
The Jamaica Stock Exchange (JSE) Combined Index today reversed Monday's decline. Moderate but brisk trading ended with an advance/decline ratio of 40/55. The JSE Combined Index advanced by 785.38 points or 0.19 per cent to close at 416,...
China’s export growth tumbled in April as global demand weakened, adding to pressure on the world’s second-largest economy after Shanghai and other industrial cities were shut down to fight virus outbreaks. Exports rose 3.7 per cent over a year...
The Jamaica Stock Exchange (JSE) Combined Index opened the week in decline. Today's heavy trading ended with an advance/decline ratio of 40/64. The JSE Combined Index declined by 600.66 points or 0.14 per cent to close at 415,781.56. The JSE...
Elon Musk has strengthened the equity stake in his US$44 billion offer to buy Twitter with commitments of more than US$7 billion from a diverse group of investors, including Silicon Valley heavy hitters like Oracle co-founder Larry Ellison. A...
Amber Group has reacquired the 32.5 per cent stake in Amber Connect sold to the ICD Group six years ago, reclaiming full ownership. The cost of the transaction was not disclosed. “It is a multiple, for sure, but we can’t say how much,” said Amber...
Home ownership is a significant life goal of many Jamaicans, a goal that the National Housing Trust, NHT, has made possible for thousands of Jamaicans since its establishment in 1976. This goal can only be realised if the contributions deducted...
QUESTION: I saw where you posted on social media a grant opportunity for US$30,000, but unfortunately, by the time I saw it, the application closed. I do a lot of youth work with youth empowerment and community building. I’ve got many accolades...
Last Thursday’s Gleaner article, ‘BOJ Slammed for Role in Banking Abuse’, caught my eye. Bravo to members of the Public Administration and Appropriations Committee, PAAC, of the House of Representatives for summoning central bank governor Richard...
The metaverse, generally seen as a virtual extension of the internet, can connect customers to services while feeding them with advertising. Consumers can ‘visit’ a local bank without leaving their homes or virtually tour a luxury condo before...
Jamaican companies that trade in foreign markets are facing resistance to retail price increases, putting the squeeze on export revenue and margins for some small and medium-sized manufacturers. Still, their stance is to hold strain despite the...
The US dollar’s value surged in April as investors sought refuge amid the United States Federal Reserve’s aggressive shift to fight rising inflation. Rising inflation that has caused the biggest jump in prices in 40 years has spurred the Federal...
A one-year catastrophe bond, or cat bond, underwritten by the World Bank and which provides Jamaica with US$185 million in insurance coverage in the event of a natural disaster, comes up for review in December, and already the multilateral...
When the United States Federal Reserve raises interest rates – as it did on Wednesday – the impact doesn’t stop with US homebuyers paying more for mortgages or Main Street business owners facing costlier bank loans. The fallout can be felt beyond...
OPEC and allied oil-producing countries decided on Thursday to gradually increase the flows they send to the world, even as Europe’s plan to sanction Russian oil threatens to yank millions of barrels off a global market already thirsty for crude....
The new reality with which many advanced economies and emerging markets must reckon is higher inflation and slowing economic growth. And a big reason for the current bout of stagflation is a series of negative aggregate supply shocks that have...
Another global recession is looming and appears inevitable, a panel warned on Wednesday during a forum, convened by financial conglomerate Sagicor Group, to brief investors on investment strategies and world geopolitical and economic developments....
Blue Power Group shareholders approved the expansion of the company’s board this week, amid plans by the soap maker for possible acquisitions. The company will add two board seats, moving from eight to 10, paving the way its founder and executive...
