Major international airlines cancelled flights heading to the United States or changed planes on Wednesday, the latest complication in a dispute over concerns that new 5G mobile phone service could interfere with aircraft technology. Carriers took...
Dr Adrian Stokes has resigned as senior vice president and head of insurance and wealth for Scotia Group. Scotiabank says he will be leaving to pursue other opportunities. Stokes joined the Scotia Group in 2010 and held several key...
Natural gas supplier New Fortress Energy Inc, NFE, has changed direction on financing around its power plant at the Jamalco complex, but the reason for the switch, which comes seven months after the fundraising plan was first announced, is still...
UCC Group of Companies has engaged the services of brokerage house Mayberry Investments Limited to arrange the market float of two real estate companies in its portfolio at mid-year, one of which holds its RE/MAX franchise operations. The initial...
Consumer and business confidence swelled in the fourth quarter of 2021, compared to the previous quarter, but crime and COVID-19 continue to weigh on both groupings. “I don’t want anyone to [think] that there was a surge in business confidence. It...
Satellite photos obtained by The Associated Press on Tuesday appear to show the aftermath of a fatal attack on an oil facility in the capital of the United Arab Emirates claimed by Yemen’s Houthi rebels. The attack brought the long-running Yemen...
Microsoft is paying nearly US$70 billion for Activision Blizzard, the maker of ‘Candy Crush’ and ‘Call of Duty’, as it seeks an edge in the fiercely competitive businesses of mobile gaming and virtual-reality technology. The all-cash US$68.7...
Astronomical Holdings Limited, AHL, a company led by attorney Able-Don Foote, has acquired around one per cent of pharmacy company Fontana Limited, worth about $100 million, from the family that founded the company. AHL is now the second largest...
Euro finance chiefs on Monday engaged in a high-wire political balancing act prompted by conflicting economic forces: a weaker growth outlook and stronger inflation. Finance ministers from the 19 nations that share the common euro currency pledged...
The question of how best to control inflation is back on the economic policy agenda, and opinion is divided about how to address it. The mainstream view emphasises the need for tighter monetary policies and regards higher interest rates and reduced...
QUESTION: How do I determine if I should buy a stock? – Racquel FINANCIAL ADVISER: Buying ordinary shares is investing in a company, and sometimes a group of companies, and becoming an owner, and it is important to determine its current earnings...
The inspiration for today’s piece was three headlines on page three of last Thursday’s Gleaner. ‘Contented cows give most milk’ and ‘Sweatshop surgery’ were juxtaposed with ‘Pension plan a life changer for tourism workers’. The latter was about the...
QUESTION: A friend invited me to a vision board workshop for entrepreneurs or anyone starting a business. It’s $20,000. I want to know if you think vision boards make sense for business, especially to get to the next level. Let me tell you, 2021...
Jamaican employees emerged as the largest group outside of Italy to grab shares in the international take-up of the Campari Group share plan, proportionate to the size of the workforce. Just over half of all eligible workers at rum subsidiary J....
Eppley Caribbean Property Fund is seeking properties suitable for business process outsourcing and hospitality businesses, further diversifying its commercial portfolio. Since its acquisition by Jamaican company Eppley Limited, more than three...
Despite a nine per cent increase in sales, government revenue from the gaming industry declined, albeit marginally, the latest quarterly report from the Betting, Gaming and Lotteries Commission, BGLC, shows. For the July to September 2021 period,...
The medals were billed as the most sustainable ever produced. To match the festive spirit of South America’s first Olympics, officials from Brazil, the host country for the 2016 games in Rio de Janeiro, boasted that the medals hung around the necks...
The October lift-off of the Tourism Workers Pension Scheme, TWPS, got derailed by the pandemic, but now that it’s officially launched, fund administrator Guardian Life says it’s pulling out all stops to get as many workers on board. Over the next...
Barita Investments Limited is reporting that is has financed a major property deal involving the acquisition of three technology-driven real estate services companies based in the United States, executed through Ecommerce Property Services Limited...
Pacific Airport Group, GAP, the Mexican owner of Jamaica’s largest international airports, wants a recalibration of deliverables under the concession agreements it has with the Government, following the halving of passenger numbers since the...
Delta Air Lines lost US$408 million in the final quarter of 2021, dragged down by a COVID-19 surge that rocked the airline in December, and the carrier predicted on Thursday that it will suffer one more quarterly loss before travel perks up in...
Minister of Finance Dr Nigel Clarke is downplaying inflation concerns, as the market begins to weigh the expected impact on investment decisions and returns. “I do not believe that inflation ought to be a long-term concern,” Clarke said on...
Tempering expectations around immediate diversification, Wigton Windfarm said on Wednesday that its plans for new revenue streams are not only dependent on the company, but the Jamaican Government, which controls the agenda for addition of...
Monetary policy in most economies today is anchored by an explicit inflation target, because targeting price stability has served both developed countries and emerging markets well. Until pandemic-related disruptions to supply chains and labour...
