How should we measure economic success? Criticisms of conventional indicators, particularly gross domestic product, GDP, have abounded for years, if not decades. Environmentalists have long pointed out that GDP omits the depletion of natural assets...
Security pros say it’s one of the worst computer vulnerabilities they’ve ever seen. Firms, including Microsoft, say state-backed Chinese and Iranian hackers and rogue cryptocurrency miners have already seized on it. And the United States...
The Jamaica Stock Exchange (JSE) Combined Index continued its losing streak on Thursday. Stocks declined on moderate trading, with an advance/decline ratio of 41/30. The JSE Combined Index declined by 74.84 points or 0.02 per cent to close at 391,...
The United States Federal Reserve will quicken the pace at which it’s pulling back its support for the post-pandemic US economy as inflation surges, and it expects to raise interest rates three times next year. In an abrupt policy shift, the Fed...
The Jamaica Stock Exchange (JSE) Combined Index continued its decline, again losing ground on Wednesday. Stocks declined on bustling trading, with an advance/decline ratio of 29/41 The JSE Combined Index declined by 2,755.15 points or 0.70 per...
Published:Wednesday | December 15, 2021 | 12:07 AM
Exxon Mobil Corp says it is boosting its spending on greenhouse gas emission-reduction projects to US$15 billion over the next six years and anticipates meeting its 2025 greenhouse gas emission-reduction plans by the end of this year. The energy...
Published:Wednesday | December 15, 2021 | 12:07 AM
Proven REIT Limited, PREIT, the real estate arm of Proven Investments Limited, is teaming up with SAJE Logistics Infrastructure Limited to develop a major warehouse complex at Marcus Garvey Drive near the port of Kingston. The new development is...
The operations, assets and liabilities of Mountain Peak Food Processors Limited, MPFP, have been transferred to parent company Salada Foods Jamaica, SALF. MPFP, which produced and owned the Roberts brand of vinegar, browning, canned beans and fruit...
Published:Wednesday | December 15, 2021 | 12:07 AM
Under Chairman Jerome Powell, the United States Federal Reserve is poised this week to execute a sharp turn towards tighter interest rate policies, with inflation accelerating and unemployment falling faster than expected. The Fed will likely...
Published:Wednesday | December 15, 2021 | 12:06 AM
The European Union’s ambitious plan to update its pioneering internet rules gained momentum on Tuesday after a key committee passed measures requiring technology companies to better police content and lawmakers prepared to vote on regulations to...
The Inter-American Development Bank, IDB, has not yet decided on the next five-year programme for Jamaica or the size of the new envelope the country will get in loan and grant aid from the institution. However, the bank’s president, Mauricio...
Progressive Grocers of Jamaica Limited has pumped $800 million into its fourth shopping centre on Barbican Road in Kingston. The new mall, called Progressive Shopping Centre, was officially declared open for business on Tuesday, but already its...
Published:Wednesday | December 15, 2021 | 12:06 AM
The data centre is the heart of any company. In our modern era, if a company wants to scale up easily or fully optimise workloads then it’s imperative that this core be equipped with reliable, scalable and agile infrastructure that is impervious to...
Published:Wednesday | December 15, 2021 | 12:06 AM
ByteDance, the parent company of the popular social-media platform TikTok, has a not-so-secret weapon. Its powerful algorithms are able to predict users’ preferences with precision and recommend content they actually want to see, thereby keeping...
Published:Wednesday | December 15, 2021 | 12:06 AM
Scotia Group Jamaica, SGJ, posted $8.4 billion in annual profit, down six per cent due to one-off charges related to digital offerings and slowing revenue due to pandemic lockdowns. Discounting those charges, earnings would have been flat year-on-...
Published:Wednesday | December 15, 2021 | 12:05 AM
American companies of all sizes are rethinking their plans to send workers back to the office as the new omicron variant adds another layer of uncertainty. Alphabet’s Google and the nation’s second largest automaker Ford Motor Company are among...
Shareholders of Elite Diagnostics Limited voted not to re-elect Peter Chin as a non-executive director. Chin is currently before the court in relation to the dealings of Alliance Financial, and was not physically present at Elite's annual general...
Telecommunications company Digicel Group has acquired a stake in Symptai Consulting Limited, as part of its plan for more data technology offerings. Neither the size of the stake nor the value of the transaction was disclosed. “The terms of the...
The Jamaica Stock Exchange (JSE) Combined Index lost ground on Tuesday. Stocks declined on moderate trading, with an advance/decline ratio of 31/46. The JSE Combined Index declined by 1,122.87 points or 0.28 per cent to close at 394,462.63....
Calling him a “clown, genius, edgelord, visionary, industrialist, showman”, Time magazine has named Tesla CEO Elon Musk as its Person of the Year for 2021. Musk, who is also the founder and CEO of space exploration company SpaceX, recently passed...
Like most people, do you share the challenge of keeping track of your ‘to-dos’, especially during the holiday season? You may think it has something to do with your personality, but, surprise, it doesn’t. Here’s why. We human beings have a flaw....
From now on, just call it Shell. Royal Dutch Shell on Friday received approval from shareholders to simplify its archaic corporate structure, which grew out of the merger more than a century ago of a British firm that once traded in exotic...
American Airlines is dropping some international flights from its plans for next summer because Boeing has failed to deliver planes that the airline ordered, according to an internal memo Thursday. Boeing has been unable to deliver its 787 jetliner...
It’s the festive season, and retailers, financial institutions, and car dealers are looking to woo consumers with cost-saving deals and gift packages. But this year, some companies are digging deeper, and have come up with offerings more attractive...
