Business

In a far-reaching reversal of a 13-year streak of holding or reducing interest rates, the central bank on Thursday delivered on its August rate rise warning, setting the policy interest rate a percentage point higher, tripling the record low 0.5...

T he United States economy expanded at a 6.7 per cent annual pace from April through June, the Commerce Department said Thursday, slightly upgrading its estimate of last quarter’s growth in the face of a resurgence of COVID-19 in the form of the...

Gaming and entertainment company Supreme Ventures Limited is partnering with cigarette distributor Carreras Limited to push their products through a network of micro-entrepreneurs. The two publicly listed companies will be pumping in upwards of US...

Two international outsourcing firms expanded their footprint to Jamaica and officially launched operations this month. More firms in the industry alternatively referred to as the BPO sector or the global services sector, GSS, including agents of...

E nbridge has announced that construction on the upgrade of its Line 3 crude oil pipeline across Minnesota is “substantially complete” and that the company will start filling it with oil today, Friday. The Canadian-based company’s president and...

Under a regional initiative led by Nestlé, the multinational food company is partnering with six others to hire young people in Jamaica and the Caribbean. Around a thousand jobs, at both entry and professional levels, are expected to be created...

The United Kingdom and France are at loggerheads again over fishing rights in the English Channel, leading Paris to warn about potential retaliatory measures that could impact energy and trade. In the latest post-Brexit dispute between the two...

Eden Gardens, the small Kingston hotel, events location and one-time home of a suite of businesses owned and operated by entrepreneur and researcher Dr Henry Lowe, has been sold amid a boom in real estate development for upscale housing in the area...

Google headed to a top European Union, EU, court on Monday to appeal a record EU antitrust penalty imposed for stifling competition through the dominance of its Android operating system. The company is fighting a 2018 decision from the EU’s...

Sales of previously occupied US homes fell in August and prices that have been soaring eased, the latest sign the United States housing market is cooling as intense competition leaves many would-be buyers on the sidelines. Existing homes sales...

Stanley Motta Limited, the listed developer of 58HWT, the commercial park on Half-Way Tree Road in Kingston that is largely utilised for business process outsourcing, BPO, operations, has a plan to increase the rentable space there to rake in more...