Business

A huge, already damaged radio telescope in Puerto Rico that has played a key role in astronomical discoveries for more than half a century completely collapsed on Tuesday. The telescope’s 900-ton receiver platform fell on to the reflector dish more...

KFC Jamaica opened a new outlet in Junction, St Elizabeth on Monday, a $200-million investment that brings the number of stores in the chain to 39, and ends a years-long wait by the community for the fast-food chain to set up shop there. The...

The value that Wall Street places on access to billions of bytes of data rather than old-school stock picking became abundantly clear on Monday as two of the biggest providers of such information became one in the biggest takeover of the year. S...

Hyundai and Kia must pay US$137 million in fines and safety improvements because they moved too slowly to recall over 1 million vehicles with engines that can fail. The US National Highway Traffic Safety Administration announced the penalties on...

Raoul Glynn, the new head of Carreras Limited, says cigarette traders are facing competition from drug dealers, who are finding that smuggling smokes is less risky for incarceration. The trade in illicit or smuggled cigarettes is thriving despite...

The financial landscape is getting increasingly complex, so financial literacy is becoming more important as a core skill for participating in society. It is evident that many young people, including the well-educated, are not equipped to manage...

The technological shift to online delivery of services brought on by the pandemic has placed the Real Estate Board of Jamaica, REB, and the realtors its serves at odds over improper records and the impact it is having on the market. The situation...

AstraZeneca and Oxford University on Wednesday acknowledged a manufacturing error that is raising questions about preliminary results of their experimental COVID-19 vaccine. A statement describing the error came days after the company and the...

A global collapse in economic activity during the COVID-19 pandemic has significantly increased the risk of debt distress in many countries, pushing the poorest ones to the brink. In response, various international organisations have unveiled a...

It’s a tale of two cities and the different paths being taken by the airports serving them. MBJ Airports Limited, operator of the Sangster International in resort city Montego Bay, is pressing ahead with much of its US$112-million five-year capital...

PanJam’s earnings year to date have fallen two-thirds to $2 billion on the back of investment losses and reduced returns from its holdings in businesses like insurance behemoth Sagicor Group. The property and investment conglomerate makes most of...

Gripped by the accelerating viral outbreak, the United States economy is under pressure from persistent lay-offs, diminished income and nervous consumers, whose spending is needed to drive a recovery from the pandemic. A flurry of data released...