When Samsung said this year it would launch a smartphone with a folding screen, the big question was whether the innovation was something people actually wanted or needed. Is the Galaxy Fold a gimmick to help sell more smartphones in a slowing...
The administration of President Jair Bolsonaro plans to auction seven offshore oilfields in the northeast despite contrary advice from analysts of Brazil’s main environmental body, according to documents obtained by the Associated Press....
None of the Supreme Court’s justices wanted to say the four-letter word. The high court was discussing a trademark case Monday involving a Los Angeles-based fashion brand, ‘FUCT’. But the justices did some verbal gymnastics to get through about an...
The Jamaican economy created nearly 29,000 jobs in the quarter ending January, and women were the main beneficiaries. But men still command most of the jobs in the overall economy. In the latest Labour Force Survey released Tuesday by the...
The Statistical Institute of Jamaica on Tuesday released new data on inflation which shows that the indicator is moving significantly for the first time in seven months, giving some hope that the central bank may meet its inflation target by June...
Tiger Woods’ win at the Masters could revitalise the golf industry, which has struggled in the past decade while the game’s biggest star was hobbled by issues on and off the course. Bridgestone Golf, whose logo was on the golf balls Woods used,...
Two House committees subpoenaed Deutsche Bank and several other financial institutions Monday as part of investigations into United States President Donald Trump’s finances. House Intelligence Committee Chairman Adam Schiff, D-California, said in a...
Creditinfo Group, a privately owned Icelandic company that entered the Jamaican market nearly a decade ago, is now expanding in the region. CredInfo partnered with Coalesce Credit Solutions Limited, a local company owned by entrepreneurs Damion...
The European Union has approved a copyright overhaul that aims to give more protection to artistes and news organisations but which critics say will stifle freedom of speech and online creativity and punish smaller web companies. Artistes,...
German prosecutors have charged former Volkswagen CEO Martin Winterkorn and four others with fraud and other offences in connection with the company’s massive, multi-year effort to cheat on diesel emissions testing. Prosecutors said Monday that...
Sagicor Group Jamaica will invest the equivalent of $2.6 billion to build out its investment services in the Cayman Islands, in a bid to grow regionally. It comes on the heels of record profit for Jamaica’s largest insurance...
COLUMN: FOREIGN POLICY A few days ago, the British government published the text of the Cariforum-United Kingdom Economic Partnership Agreement, the UK EPA, that will govern trade in goods and services with the Caribbean, assuming Britain leaves...
Power utility Jamaica Public Service Company, JPS, will commission a US$25 million storage facility in phases this year as a safeguard against power outages. The 24.5 megawatt plant, the first of its kind for Jamaica, will be installed at the...
ADVISORY COLUMN: PERSONAL FINANCIAL ADVISER Ordinary shares are securities which represent ownership in a company. The terms ordinary shares and ordinary stock tend to be used interchangeably, and their owners are generally called shareholders and...
ADVISORY COLUMN: INSURANCE HELPLINE The Jamaican government recently transferred $2 billion to the Contingencies Fund. A contingencies fund, or contingency fund, is a reserve for emergencies. Think of it as an emergency bank account. The money is...
ADVISORY COLUMN: BUSINESSWISE In my last column, I introduced you to millennial voyageurs Cameron Seagle and Natasha Alden whom I met at the Global Ambassadors Program in Puerto Rico in March. Determined to escape what they described as the "...
Managing Director of EXIM Bank Jamaica Lisa Bell is looking to Government’s promise that funds from dormant accounts could find their way into the productive sector as low-interest loans. Industry, Commerce, and Agriculture Minister Audley Shaw...
Guardian Life has secured buyers for half of the 176 apartments it just began developing in New Kingston, mainly individual investors in Jamaica and overseas, but also pension funds. Guardian President Eric Hosin said that the company opted to...
Denning Growth Fund, based in Asia, has pumped US$1.5 million into Flavocure Biotech Inc for an undisclosed equity stake in the company founded by Jamaican businessman and scientist Dr Henry Lowe. The investment will allow the company to fund...
Rite Aid will chop its share count by about 95% in a bid to push the remaining shares above minimum trading requirements on the New York Stock Exchange. The board of the struggling drugstore chain approved a 1-for-20 ratio for a reverse stock split...
A federal judge has threatened to temporarily block Carnival Corp from docking cruise ships at ports in the United States as punishment for a possible probation violation. The Miami Herald reports that US District Judge Patricia Seitz said on...
Russian lawmakers approved a bill on Thursday that would expand government control over the Internet and which opponents fear heralds a new era of widespread censorship. The bill would install equipment to route Russian Internet traffic through...
OP-ED CONTRIBUTION: EMERGING MARKET ADVISER Brazilians tend to be manic. They feel like they are living in either the best or worst country in the world. And there is never anything in between these two extremes. Argentines, however, tend to be...
The April 2 announcement of a more than US$97,000 gift from the Caribbean Development Bank, CDB, to Caricom for a study on plantation white sugar has Jamaican manufacturing representatives lining up on different sides of the hot-button issue. The...
