Business

Lasco Financial Services Limited, LFSL, has hand-picked a few business operators from within the micro, small and medium-sized sector for a test run of a new tech-driven cashless business model system, designed especially, but not exclusively, for...

Jamaica has decided not to enter into new oil hedging arrangements, given the contraction in the economy, and the country’s costly war with the coronavirus. At the request of Minister of Finance Dr Nigel Clarke, five months ago, the Bank of Jamaica...

The United States Federal Reserve expects to keep its benchmark interest rate pegged near zero at least through 2023 as it strives to accelerate economic growth and drive down the unemployment rate. The central bank also said Wednesday that it will...

OP-ED CONTRIBUTION: OFFSHORE COMPANIES Jamaica has been continuously labelled a high tax jurisdiction, resulting in local investors initiating ingenious tax planning strategies to reduce their tax liabilities, including the incorporation of an...

A World Trade Organization, WTO, panel ruled Tuesday that Trump administration tariffs on US$200 billion worth of Chinese goods are illegal, vindicating Beijing even if the United States has all but incapacitated the WTO’s ability to hand down a...

Unemployment in the United Kingdom edged up in July even though large parts of the economy reopened after the coronavirus lockdown, a signal that the jobless rate is set to spike higher when a government salary-support scheme ends in the autumn....

Petroleum marketing company Yaadman is expanding into its own brand of service stations after a foray into liquid petroleum gas, LPG. CEO and co-founder of the company Miguel Smith Jr says he wants to set up five service stations across Jamaica....

Soap maker Blue Power Group has seen a rise in sales as a result of the higher importance placed on cleanliness amid the COVID-19 pandemic. The company also announced that its export sales doubled due to the addition of large US retail chain...

Automaker Daimler AG and subsidiary Mercedes-Benz USA have agreed to pay US$1.5 billion to the United States government and California state regulators to resolve emissions-cheating allegations, officials said on Monday. The US Department of...

The United Kingdom, UK, secured its first major post-Brexit trade deal on Friday after signing an agreement with Japan just as discussions with the European Union appeared to be teetering on the brink of collapse. The deal, which is largely a roll-...

ADVISORY COLUMN: PERSONAL FINANCIAL ADVISER QUESTION: I am turning 45 this year, and to the best of my knowledge, I will not have a pension when I retire. I am an instructor at HEART Trust, but I work on contract. I previously worked at a...