Tax refunds, child tax credits, COVID-19 relief cheques. We dream of the next unexpected bundle of money that lands in our lap. Perhaps it is a few hundred dollars earned from a garage sale, maybe even more from a job bonus, or hundreds of...
Power utility Jamaica Public Service Company, JPS, will continue to build a power plant at Hunts Bay in Kingston to run on liquefied natural gas, LNG, rather than on energy from renewables, even as oil and gas prices climb globally. At the same...
United States President Joe Biden was on Thursday preparing to order the release of up to one million barrels of oil per day from the nation’s strategic petroleum reserve, according to two people familiar with the decision, in a bid to control...
The worldwide seafood industry is steeling itself for price hikes, supply disruptions and potential job losses as new rounds of economic sanctions on Russia make key species such as cod and crab harder to come by. The latest round of attempts by...
Asian stock markets sank on Thursday after Chinese manufacturing weakened and Russian shelling around Ukraine’s capital shook hopes of progress in peace talks. Shanghai, Hong Kong and Tokyo declined, while Seoul gained. Oil fell more than US$7 per...
The unprecedented sanctions imposed on Russia, which some have dubbed economic weapons of mass destruction, have globalised the Ukraine crisis, exacerbating market uncertainty, and potentially derailing the post-pandemic recovery. Across Europe and...
Stockbroker and investment banker NCB Capital Markets sees real estate as a haven during periods of conflict and instability, arguing that it could beat the returns of stocks and bonds. The wealth manager is not restricting this real estate market...
United States news and entertainment media outlet BuzzFeed is shrinking and shifting the focus of its Pulitzer prize-winning news division as the digital media company, best known for its light-hearted lists and quizzes, strives to increase its...
Amid pushback from industry and lawmakers in both political parties in the United States, federal energy regulators have scaled back plans to consider how natural gas projects affect climate change and environmental justice. The Federal Energy...
Food distributor Rainforest Seafoods Limited, which also trades as Rainforest Caribbean, and is known for its wide array of frozen seafood, has expanded its product portfolio, creating a new revenue stream with the introduction of Rainforest-...
The American state of Iowa is nearing passage of a dramatic reduction in unemployment benefits to try to force people to fill thousands of open jobs and reverse a trend in which the governor argues the state’s “safety net has become a hammock”. The...
The Bank of Jamaica, BOJ, late Tuesday announced its decision to again increase the policy interest rate, which is the rate offered to deposit-taking institutions on overnight placements with the central bank, by 50 basis points to 4.50 per cent...
Restaurant and entertainment company KLE Group has offloaded its core restaurant business that consisted of the Usain Bolt Tracks and Records (UBTR) eatery, sports bar and entertainment spot, to associated company FranJam, in a deal that frees the...
To help Ukraine while avoiding a nuclear confrontation between NATO and Russia, the United States and its allies have attacked the Russian economy with trade and financial sanctions on a previously unimaginable scale. But is it the right scale, and...
Amid copious praise for what has been described as Finance Minister Nigel Clarke’s astute handling of the financial affairs of Jamaica during his tenure so far, finance ministers and other members of the board of governors of the Inter-American...
The Network of Caribbean Chambers of Commerce, CARICHAM, is pointing to shipping woes made worse by the COVID-19 pandemic, as well and inefficiencies in trade arrangements within the Caribbean Community, Caricom, region, and globally, as being...
Danish brewery group Carlsberg said this week that it is pulling out of Russia, hours after its competitor, Dutch brewing giant Heineken, did the same, citing Moscow’s ongoing war against Ukraine. In a statement, the Copenhagen-based group said it...
The European Commission has recommended that European Union, EU, nations end golden passport schemes that allow wealthy people to buy their way into the bloc’s citizenship, and urged them to assess whether Russian oligarchs linked to the Kremlin...
FedEx Corp said on Monday that Fred Smith will step down on June 1 as CEO of the package-delivery company that he founded and will be succeeded by the company’s president and chief operating officer. Raj Subramaniam will serve as both CEO and...
In a decision that could dramatically undercut United States President Joe Biden’s ambitious climate goals, the US Commerce Department said on Monday it was investigating whether imports of solar panels from Southeast Asia are circumventing anti-...
Australia’s government will increase spending on defence and national security while reducing household expenses, Treasurer Josh Frydenberg said ahead of revealing the budget on Tuesday. The budget is being presented with an eye on upcoming...
Asian shares were higher Tuesday after an advance on Wall Street ahead of another round of peace talks between Russia and Ukraine. Crude oil prices fell further after sinking 7 per cent on Monday. Trading has remained choppy as investors try to...
Small businesses in the United States that have been buffeted by the pandemic, inflation and shipping woes have another challenge to add to their plate: taxes. Tax season can be complicated for everyone, but as the April 18 filing deadline looms,...
Jamaican business stakeholders are urging the local manufacturing and sale of more construction inputs and renewable energy to offset the commodity spikes and supply disruptions resulting from the global economic upheavals caused by the Russian...
