A recession looms for Germany, and the European Central Bank is pleading for governments to spend more to revitalise economic growth. Yet despite having the luxury of borrowing money for less than nothing, the German government is keeping a tight...
The Bank of England kept its main interest rate unchanged at 0.75 per cent Thursday, its last scheduled interest rate decision before the United Kingdom is due to leave the European Union. In a statement, the bank said all nine of its rate-setters...
Dominion Energy announced plans Thursday to seek approval to build what it says would be the largest offshore wind project in the United States off the Virginia coast. The company told The Associated Press ahead of a public announcement that the...
Financial conglomerate JMMB Group Limited expects to more than double its annual profit by March 2022 to $9 billion, arising from the stake being acquired in Barbados-based regional insurance provider Sagicor Financial. The Jamaican company is...
The possible sale of Sandals Resorts International’s chain of hotels is back in the news, but CEO and Deputy Chairman Adam Stewart is playing down the report as nothing new. The last time such reports surfaced was in 2017. Stewart did not...
The fiery protests in Hong Kong are a tremendous headache for Beijing. The images of thousands of black-clad, middle -class kids, converging into the heart of the financial district in order to confront the police, strike pangs of fear deep into...
Over the past eight years, the Branson Centre of Entrepreneurship Caribbean has invested more than US$1 million to help scores of entrepreneurs launch and grow their businesses. That has largely been money from its initial 10-year grant – the size...
Published:Thursday | September 19, 2019 | 12:26 AM
A sharply divided US Federal Reserve cut its benchmark interest rate Wednesday for a second time this year, but declined to signal that further rate cuts are likely this year. The Fed’s move reduced its key short-term rate – which influences many...
Published:Wednesday | September 18, 2019 | 12:00 AM
The British government and its opponents faced off Tuesday in the UK Supreme Court in a high-stakes legal drama over Brexit that will determine whether new Prime Minister Boris Johnson broke the law by suspending Parliament at a crucial time...
Published:Wednesday | September 18, 2019 | 12:28 AM
Facebook will work with law enforcement organisations to train its artificial intelligence systems to recognise videos of violent events as part of a broader effort to crack down on extremism. Facebook’s AI systems were unable to detect live-...
Published:Wednesday | September 18, 2019 | 12:27 AM
A short walk from police headquarters in the heart of downtown Los Angeles, a cluster of bustling shops are openly selling packaging and hardware that can be used to produce counterfeit marijuana vapes that have infected California’s cannabis...
Published:Wednesday | September 18, 2019 | 12:27 AM
Prime Minister Allen Chastanet on Tuesday alerted St Lucians to a fake Facebook profile created in his name and cautioned against falling prey to those attempts at fraud. “Fellow Saint Lucians, please be aware that there is currently another...
Published:Wednesday | September 18, 2019 | 12:27 AM
Investment outfit Sygnus Credit Investments (SCI) is reporting record net profits, core revenues, and earnings for the financial year ended June 30, 2019. Core revenues, or total investment income, grew by 169.5 per cent, or US$2.02 million, to a...
Wigton Windfarm head Earl Barrett has rebuffed the sell recommendation from large brokerage house NCB Capital Markets. NCB Cap, in a report released last Friday, described Wigton, a stock listed on the Jamaica Stock Exchange(JSE), as overpriced...
Hyperion Equity Inc, a firm formed by Zachary Harding, has announced plans to acquire a minority stake in SSL Growth Equity Limited (Barbados), the parent company of Stocks and Securities Limited (SSL Jamaica). A Belize registered international...
Published:Wednesday | September 18, 2019 | 12:00 AM
US factory output increased in August at a solid clip, reversing a sharp drop in July, as production of metals, machinery and chemicals all rose. The Federal Reserve said Tuesday that manufacturing production climbed 0.5 per cent last month, after...
Published:Wednesday | September 18, 2019 | 12:00 AM
When it previously met in late July, the Federal Reserve cut its benchmark interest rate for the first time since America’s financial system stood on the edge of collapse more than a decade ago. On Wednesday, the Fed is widely expected to announce...
Published:Wednesday | September 18, 2019 | 12:26 AM
Long before United States (US) President Donald Trump threatened to cut off Huawei’s access to US technology, the Chinese telecom equipment maker was pouring money into research that reduces its need for American suppliers. Huawei’s founder says...
Published:Wednesday | September 18, 2019 | 12:00 AM
While taking a family holiday in England and Ireland, I was able to follow the Brexit drama closely. Every day brings a new episode of what feels like a soap opera. My views on Brexit are well known. I believe that the European Union has been a...
Published:Wednesday | September 18, 2019 | 12:23 AM
Jamaica’S standing in the Travel and Tourism Competitiveness Report 2019 fell by seven spots to 76th out of 140, according to the biennial report released this month by the World Economic Forum. The report tests the competitiveness of the ease with...
Published:Wednesday | September 18, 2019 | 12:23 AM
The good news is that it doesn’t look like a bitterly polarised Washington will stumble into another government shutdown. But as Democrats controlling the House unveil a stopgap, government-wide spending bill to keep the lights on and pay the...
Published:Wednesday | September 18, 2019 | 12:22 AM
Main Event Entertainment Group, which provides lighting and stage equipment for large events, reported higher revenue but profits slowed by 40 per cent in the July third-quarter 2019 compared with year – earlier levels. “We have encountered cost...
Published:Wednesday | September 18, 2019 | 12:22 AM
The home of Ukraine’s former central bank chief has been burned to the ground, the third chilling incident involving the banker over the past few weeks. Police said in a statement on Tuesday that they are investigating a suspected arson attack late...
Published:Wednesday | September 18, 2019 | 12:00 AM
World shares were mixed on Tuesday and oil prices eased back pending updates on restoring output at a Saudi Aramco oil processing plant damaged by an attack over the weekend. Chinese benchmarks led declines in Asia after the credit ratings agency...
Published:Wednesday | September 18, 2019 | 12:18 AM
General Accident Insurance Company Jamaica Limited has acquired a 55 per cent stake in Trinidadian motor insurance company, Motor One Insurance. The deal, which was announced on Monday, also saw Micon Marketing Limited – a Trinidadian company that...
