Clint Eastwood sued several companies that sell CBD supplements on Wednesday, alleging that they are falsely using his name and image to push products he would never agree to endorse. Two lawsuits filed in federal court in Los Angeles include...
The Fair Trading Commission, FTC, has launched a study into the telecommunications sector at the request of the Spectrum Management Authority, SMA, to assess the level of competition as it relates to spectrum allocation. The SMA is reviewing its...
The Fair Trading Commission, FTC, has ruled against a US$25 turnover fee developed by DHL Jamaica Limited and targeted at firms offering customs broking services, saying it could lessen competition. The fee was implemented in 2019 against packages...
Puerto Rico’s governor announced that she plans to hold a referendum on whether public pension payments should be protected by the US territory’s constitution for the first time in the island’s history. If approved, the measure would prohibit using...
Electrical lighting company FosRich has signed a four-year renewable contract with Jamaica Public Service Company, JPS, to repair over a thousand transformers yearly of the 40,000 deployed throughout the power utility’s network. Under the agreement...
The Noble Group has formed a pact with the Jamaican Government to reorganise the assets and operations of alumina refinery Jamalco into a holding company that will raise equity capital on the stock market. The company, which was unnamed, is...
Business and consumer confidence dipped as expected due to the economic fallout from the COVID-19 pandemic, but still hovers well above the lows that followed the terrorist attacks on the United States in September 2001 and the subsequent fiscal...
European leaders took a historic step towards sharing financial burdens among the EU’s 27 countries by agreeing to borrow and spend together to pull the economy out of the deep recession caused by the virus outbreak. Pushed by Germany’s Angela...
Cuba opened shops on Monday that accept only foreign currencies and eliminated a special tax on the US dollar, deepening a process of collecting stronger currencies to face the country’s economic crisis. By morning, long queues had formed in a half...
The JSE Combined Index on Monday increased by 1524 points or 0.41 per cent to close at 374,645 points with an advance / decline ratio of 33/24. Overall activity 73 stocks traded 33 advanced 24 declined 16 traded firm...
Ant Group, the online payments arm of e-commerce giant Alibaba Group, announced plans on Monday for an initial public stock offering that could become the world’s biggest since the coronavirus pandemic began. Ant, valued at US$150 billion after a...
ADVISORY COLUMN: SMALL BUSINESS QUESTION: At this very moment I am totally lost because my client base for my restaurant decreased drastically over the past two weeks. I went through my books thoroughly, looked at my structure, and I revamped....
Businesses engaged in the practice of using private information shared by customers, such as emails and telephone contact, to promote their operation, could find themselves facing fines of up to $2 million under the Data Protection Act, DPA. The...
Finance and Planning Minister Dr Nigel Clarke has put the Planning Institute of Jamaica (PIOJ) in charge of a feasibility study on unemployment insurance, or UI. The idea has been tossed around for many years as a safety net for workers who are...
ADVISORY COLUMN: PERSONAL FINANCIAL ADVISER QUESTION: Is the pension scheme still the best and safest option for ensuring financial health after retirement? – Douglas FINANCIAL ADVISER: An approved pensioned arrangement is one that is sanctioned...
The European Union’s top court ruled Thursday that an agreement that allows thousands of companies – from tech giants to small financial firms – to transfer data to the United States is invalid because the American government can snoop on people’s...
The Jamaica Stock Exchange (JSE) Combined Index advanced on Friday with an advance/decline ratio of 35/28. The index moved up by 1,662.49 points or 0.45 per cent to close at 373,121.12. The JSE Main Market Index advanced by 1,812.50 points or 0.48...
Caribbean Cream Limited, which trades as Kremi, has reported a 31 per cent increase in profit for its first quarter ending May, a result the ice cream maker partly attributes to its ability to continue manufacturing during the COVID-related...
PriceSmart Inc, operator of large supermarkets across the Americas, reported double-digit increased sales for its Jamaican store in the third quarter ending May, but remains cautious about possible expansion plans. Sales throughout the Caribbean...
The Jamaican economy lost $4.5 billion of real value in the March quarter, numbers that capture just the first three weeks of virus-containment measures that were cited as the cause of the decline. Economic output, measured as gross domestic...
Natural resources are normally distributed around the globe, and they can take many forms. For example, they can come in the form of commodities. Saudi Arabia sits on a vast expanse of hostile deserts, but buried under the subsurface is a veritable...
Suriname’s newly elected parliament chose a former police chief as the country’s president, who was inaugurated Thursday to replace Desire ‘Desi’ Bouterse, who faces a murder conviction at home and a drug-smuggling sentence abroad. Chandrikapersad...
The Jamaica Stock Exchange (JSE) Combined Index advanced on Thursday with an advance/decline ratio of 29/33. The index moved up by 1,378.65 points or 0.37 per cent to close at 371,458.63. The JSE Main Market Index advanced by 1,234.14 points...
The Jamaica Stock Exchange (JSE) Combined Index declined on Wednesday with an advance/decline ratio of 28/31. The index moved down by 4,056.77 points or 1.11 per cent to close at 370,079.98. The JSE Main Market Index advanced by 4,591.19 points or...
The United States on Wednesday hardened its efforts to prevent the completion of new German-Russian and Turkish-Russian gas pipelines by ending sanctions exemptions for companies involved in the projects and warning they will be subject to US...
