Faced with the horrors of Russia’s invasion of Ukraine, and recognising the limited military options open to them, Western governments understandably deployed their economic and financial arsenal. Such sanctions have been imposed on errant...
Growth Tech, a provider of tech services and solutions, has acquired majority ownership of electronic products and office supplies retailer Innovative Systems Limited. The price of the transaction was not disclosed. The acquired business comprises...
Twitter’s quarterly profit, revenue and the number of daily users on its platform are rising, but its quarterly report, released days after agreeing to be sold to billionaire Elon Musk, offered scant details about what it expects on the financial...
United States Treasury Secretary Janet Yellen said Thursday the global pandemic and Russia’s invasion of Ukraine highlight the possibility of big economic shocks in the future, adding that downturns are “likely to continue to challenge the economy...
Cutting off natural gas to Poland and Bulgaria cost Russian President Vladimir Putin very little – but it is adding stress on European countries wrestling over how to reduce energy imports that are feeding the Kremlin’s war chest and keep a united...
Uncertainty remains elevated around the supply and price impacts on fuel, food and fertiliser after the onset of the Russian invasion of Ukraine that started in late February, a networking forum of exporters and manufacturers noted on Wednesday....
The future of Jamaica’s economic ties with the United States, the world’s largest economy and Jamaica’s largest trading partner, rests on the pillars of entertainment, tourism and remittances, noted economist, Caribbean trade negotiator, academic...
The Jamaica Stock Exchange (JSE) Combined Index advanced on Thursday with an advance/decline ratio of 59/38. The JSE Combined Index moved up by 2,695.40 points or 0.65 per cent to close at 414,765.07 points. The JSE Main Market Index advanced by 2,...
Video meetings dampen brainstorming because we are so hyperfocused on the face in that box that we don’t let our eyes and minds wander as much, a new study found. Staring isn’t good for creativity. While it’s rude to stare at someone in real life...
The World Bank warned on Tuesday that the war in Ukraine has dealt a major shock to commodity markets, altering global patterns of trade, production, and consumption in ways that will keep prices at historically high levels through the end of 2024...
Consumer confidence inched down three points, while business confidence stayed flat during the March quarter, muted by expectations of adverse impacts from commodity price spikes. The trend shows both indices trailing pre-pandemic levels, but...
Managing Director of the Amber Group, Michael McNaughton, is non-committal about the planned buildout of Jamaica’s first 0G, or zero G, network, for which the company is in the process of seeking partners. It’s already secured a service provider...
More American workers may soon be able to stake some of their 401(k) retirement savings to bitcoin, as cryptocurrencies crack even deeper into the mainstream. Retirement giant Fidelity said Tuesday that it’s launched a way for workers to put some...
As Jamaica’s surprise candidate for the top Commonwealth administrative job of secretary general, foreign minister Kamina Johnson Smith last week officially launched her candidacy in London, the seat of the grouping’s administrative machinery,...
GK Investments has increased its stake in spicemaker Spur Tree Spices Jamaica Limited to 9.84 per cent, making it the third largest shareholder as at the end of March. The acquisition also nearly doubles GK’s stake in the company, which listed in...
JetBlue Airways said Tuesday that it lost US$255 million in the first quarter, and widespread flight cancellations in April plus the need to hire and train more pilots will delay the company’s return to profitability. New York-based JetBlue said it...
The success or failure of many family businesses, FOBs, is dependent on many factors, including ethnicity, reasons for starting the business, attitude and approach to succession planning and the governance structure adopted. However, effective...
Sri Lanka’s government said on Tuesday it is discussing obtaining another loan from Beijing to repay some of its debt to Chinese banks, after China told the nearly bankrupt island nation it was not in favour of restructuring existing loans. Sri...
Following its acquisition of 100 per cent of the shares in Alliance Financial Services Limited, ASFL, in March, Sagicor Group Jamaica is also taking over the securities portfolio of Alliance Investment Management Limited, AIML, through subsidiary...
China is promoting coal-fired power as the ruling Communist Party tries to revive a sluggish economy, prompting warnings Beijing is setting back efforts to cut climate-changing carbon emissions from the biggest global source. Official plans call...
A New York judge found former President Donald Trump in contempt of court and set in motion US$10,000 daily fines Monday for failing to adequately respond to a subpoena issued by the state’s attorney general as part of a civil investigation into...
As we mark the 52nd Earth Day, we must recognise that achieving net-zero carbon dioxide emissions by 2050 will require significant investment to finance the necessary economic and social transitions. McKinsey estimates that this will take US$9.2...
Now is a challenging time to manage a budget due to increasing prices and income that is not increasing or is doing so at a slower pace than prices. From the look of things, there are more challenging times ahead. The fact that it may be...
