Business

Former journalist Chrystia Freeland became Canada’s first female finance minister on Tuesday. Prime Minister Justin Trudeau named Freeland to the job after Bill Morneau resigned on Monday. Freeland also keeps her job as deputy prime minister. She...

Americans turned to Walmart’s online business as well as its stores for supplies and home goods as the virus surged in new regions, resulting in soaring sales for the fiscal second quarter. Walmart’s online sales nearly doubled in the fiscal...

For the first time, Airbnb is taking legal action against a guest for violating its ban on unauthorised parties. The San Francisco-based home-sharing company said it is initiating legal proceedings against a guest who held an unauthorised party at...

Jamaica’s largest consumers of electricity are a step closer to being allowed to supply their satellite operations with energy from their own power stations – a process called wheeling – now that the Office of Utilities Regulation, OUR, has made a...

ADVISORY COLUMN: PERSONAL FINANCIAL ADVISER It is not unusual for me to be asked how soon the local stock market will recover. That is a question I do not pretend I can answer and would love to meet anyone who can do so. It seems to me that the...

ADVISORY COLUMN: SMALL BUSINESS Readers of this column may recall that I have been advocating for the Companies Office of Jamaica, COJ, and Tax Administration Jamaica, TAJ, to offer relief to small businesses and entrepreneurs severely affected by...

Investor jitters have kept the stock market depressed through the coronavirus crisis, but Barita Investments Limited is about to test whether investors are ready to get back into the game. One investment company previously pulled back its...

The United States budget deficit climbed to US$2.81 trillion in the first 10 months of the budget year, exceeding any on record, the Treasury Department said Wednesday. The nation’s budgetary shortfall is expected to eventually reach levels for the...

Approved retirement schemes, or ARS, which were crafted as a solution to bringing more Jamaicans into the pension net, have performed at less-than-desirable levels largely due to infrequent and small savings by subscribers to such schemes. Data...

People in China are back to buying German luxury cars. Europe’s assembly lines are accelerating. Now the global economy is waiting for the United States to get its coronavirus outbreak under control and boost the recovery, but there’s little sign...

Federal agents on Wednesday arrested an accountant in a corruption investigation involving Puerto Rico’s former education secretary. FBI spokeswoman Limary Cruz identified the man as Aníbal Jover, who was once president of Puerto Rico’s Association...