The head of the European Union’s executive arm flatly refused Thursday to renegotiate post-brexit trade rules with the United Kingdom after Prime Minister Boris Johnson urged the bloc to work with his government to find “practical solutions” to red...
Declaring that Digicel is back, CEO of the telecom’s Jamaica operations, Jabbor Kayumov, says the company will be investing US$200 million, or nearly $31 billion, to accelerate the build-out of infrastructure and deployment of new technology over...
Canadian start-up Field Trip Health Limited is investing US$1.1 million in a research facility for psychedelic mushrooms at the Mona campus of The University of the West Indies, UWI. The partnership was struck in April 2020, but the financial...
Real estate investment trust Kingston Properties Limited, also known as KPREIT, has pooled resources with two American companies to acquire a residential complex in Atlanta, Georgia, for US$15.5 million. Through subsidiary Kingston Properties...
In the Forbes list of the World’s Most Powerful People for 2012, Ben Bernanke, then the chair of the US Federal Reserve, held the sixth position, while Mario Draghi, then the president of the European Central Bank, came in at number eight. They...
Zoom, the videoconferencing company whose growth was supercharged by the pandemic over the past year, will buy the cloud call centre company Five9 in an all-stock deal valued at about US$14.7 billion. That is far greater than Zoom’s market...
Danville Walker has been appointed Senior Vice President at regional energy company West Indies Petroleum Company Limited (WIPL). WIPL is in the business of refuelling ships both in port and at sea and is a large-scale supplier of fuel. The company...
The Bank of England said Wednesday it has set itself “stretching” targets to increase diversity within its ranks after an internal review found ethnic minority staff members were less likely to be promoted and were paid less than white colleagues....
ADVERTORIAL: MC SYSTEMS Local technology experts state that as Jamaica is susceptible to natural disasters, such as hurricanes and earthquakes, it is important that businesses have a disaster recovery plan, or business continuity strategies in...
● Blake elected president of bankers association Septimus ‘Bob’ Blake, CEO of National Commercial Bank Jamaica, has been elected president of the Jamaica Bankers Association, succeeding Jerome Smalling of JMMB Bank Jamaica. Blake's executive...
This was supposed to be the Asian century, with the ascent of China being only one, albeit a major part of the story. The rest of it was going to be about other rising regional stars: potentially huge economies like India, rapidly industrialising...
Consumers and businesses were more confident about economic prospects in the second quarter of 2021 when compared to the prior quarter, but optimism among both groups still lags pre-pandemic levels. The business confidence index increased to 130.8...
Jeff Bezos blasted into space Tuesday on his rocket company’s first flight with people on board, becoming the second billionaire in just over a week to ride his own spacecraft. The Amazon founder was accompanied by a hand-picked group: his brother...
Real estate finance company Sygnus Real Estate Finance Limited is tapping the capital market for as much as $4.6 billion in an initial public offering, IPO, funds it will use to finance deals in its pipeline that the company says are worth about $5...
United States President Joe Biden on Monday ordered the State Department to create a working group to review US remittance policy to ensure that money that Cuban Americans send home makes it directly into the hands of their families without the...
Mayberry Investments plans to raise up to $750 million to finance the acquisition of real estate lots for development. The company operates an investment banking and brokerage firm. It intends to raise the funds in three separate issues, the first...
The Biden administration and Western allies formally blamed China on Monday for a massive hack of the Microsoft Exchange email server software and accused Beijing of working with criminal hackers on ransomware and other illicit cyber operations....
Ice cream maker Caribbean Cream Limited is constructing a larger cold room with blast freezers on property adjoining its current complex at South Camp Road in Kingston, paving the way for the company to store more inventory. The development, which...
The United Kingdom government sought on Monday to prevent Venezuela’s President Nicolás Maduro from gaining access to nearly US$2 billion of gold held by the Bank of England as the UK Supreme Court started hearing a case that hinges on the question...
The Jamaica Stock Exchange (JSE) Combined Index closed Monday on a losing note. The slow trading session ended with an advance/decline ratio of 32/41. The JSE Combined Index declined by 2,852.11 points or 0.67 per cent to close at 420,190.49. The...
After many years of low inflation, prices have risen almost everywhere in recent months. Energy and commodities have been leading the way, owing mainly to post-lockdown supply bottlenecks. But while such obstacles are widely seen as temporary,...
Amazon.com Inc, the global e-commerce and digital technology powerhouse, has finally offered Jamaicans the ability to earn money from their platform by becoming approved sellers, rather than exclusive spenders of hard currency on the site as...
There is much talk about risk these days, especially with regard to investments. This is understandable considering the growing interest in investing. Investors should understand how important it is to make the financial decisions that best suit...
