Business

Google unveiled a ­video-game streaming platform called Stadia, last week, positioning itself to take on the traditional video-game business. The platform will store a game-playing session in the cloud and lets players jump across devices operating...

Insurance company Guardian Life broke ground for its second high-rise development in two years, a 176-unit luxury apartment complex costing $4 billion, to be known as The Cambridge. Its first, the 66-unit Hampshire, located in proximity to the...

United Kingdom companies have ratcheted up their preparations for a disorderly no-deal Brexit as best they can over the past couple of months, the Bank of England said Thursday. With the prospect of a chaotic Brexit potentially eight days away, a...

Disney has closed its US$71-billion acquisition of Fox’s entertainment business, a deal that is likely to shake up the media landscape. Among other things, it paves the way for Disney to launch its streaming service, Disney Plus, due out later this...

German automaker BMW said Wednesday that profits in 2019 would be “well below” last year’s and that it planned to cut €12 billion (US$13.6 billion) in costs by the end of 2022 to offset spending on new technology. The company said profits would be...

A shortlist of candidates for the post of governor of the Bank of Jamaica, BOJ, and possibly a selection, is expected by September so that enough time will be available to make the transition in November this year when the incumbent Brian Wynter...

The German government’s panel of economic advisers nearly halved its German growth forecast for this year to 0.8 per cent — the latest in a long list of downgrades for Europe’s biggest economy. In a regular update Tuesday, the panel cut its 2019...

Pear Tree Xpress is spending upwards of $300 million on the expansion of the office complex, new equipment and a new management information system, NIS, all intended to double capacity. The print company is adding space upstairs its Kingston...

Lyft officially kicked off the road show for its initial public offering, saying on Monday it plans to put more than 30 million shares up for sale with an anticipated price of between US$62 and US$68 per share. That would raise more than US$2...

United States securities regulators countered Tesla CEO Elon Musk’s contempt-of-court defence Monday night, writing in court papers that he brazenly disregarded a federal judge’s order and that one of his arguments bordered “on the ridiculous”....

Minority shareholders in Cable...

Scotiabank Jamaica has set up a $3 billion fund from which it will issue loans to small businesses at a special rate of 9.99 per cent. The bank has also adjusted its loan rate for residential mortgages to 6.99 per cent, which it now touts as the...