Business

Europe is scrambling to reduce its dependence on Russia for energy and bracing for potential disruption to critical natural gas supplies as Russia’s war in Ukraine sends prices to new highs. Natural gas prices hit a record on Thursday for a second...

Power provider Jamaica Public Service Company, JPS, fearing the energy market may soon face a supply crisis, has started engaging its suppliers on their contingency plans to continue providing fuel, amid war in Europe. JPS has been reducing its...

The majority of businesses participating in the Jamaica Productivity Centre, JPC, surveys on alternative work arrangements consider the impact of work-from-home or WFH arrangements on productivity as either somewhat or very effective, but only a...

All 31 member countries of the International Energy Agency, IEA, have agreed to release 60 million barrels of oil from their strategic reserves “to send a strong message to oil markets” that there will be “no shortfall in supplies” as a result of...

Soaring logistic prices and material shortages had manufacturing companies on their toes last year trying to keep production up and the pass through of the costs to consumers in check. This year there is a new worry. Local manufacturers are keeping...

Now that Russian President Vladimir Putin has launched a full-scale invasion of Ukraine, we must consider the economic and financial consequences of this massive historic development. The Ukraine war is not just another minor, globally...

Last week, Russia launched a full-scale invasion of Ukraine in what has been described as an unprovoked and unnecessary assault harkening back to the early 20th century battle periods. The conflict has thrust Europe into the haunted grips of its...

Key Insurance Company swung from losses to profit for the first time in four years, clearing its accumulated debt in the process. The general insurance company also achieved record revenue of $1.9 billion, from which it generated earnings of $152...

The airplane made Atlantic City’s Bader Field famous, but it could be the automobile that resurrects it. A US$2.7 billion recreational, residential and retail project aimed at car lovers is being proposed for the historic but vacant former site of...

QUESTION: I’m currently in the process of purchasing a town house for which I already paid the deposit. I have been pre-approved for the mortgage. However, I’m seeing another property that I would like to acquire also. Both properties cost the same...

EduFocal Limited, a provider of online study courses co-founded and led by Gordon Swaby, is going public via a sale of shares on the stock exchange, amid plans to resuscitate and grow its bottom line. The 10-year-old company, based in Kingston,...

Minister of Industry, Investment, and Commerce Aubyn Hill has set a summer deadline for the merger of the Fair Trading Commission, FTC, and the Consumer Affairs Commission, CAC, hastening the process, which began four years ago, amid rising prices...