Jamaica’s economy grew 0.8 per cent in the March 2025 quarter, marking its exit from technical recession. The Planning Institute of Jamaica, PIOJ, the agency that released the figures, remains cautious on uncertainties regarding US trade tariff...
Following a further reduction in its policy rate, the Bank of Jamaica, BOJ, is again urging commercial banks to reduce their lending rates to their customers. The BOJ has lowered the cost of short-term borrowing for commercial banks by 25 basis...
Many of the assumptions underlying the conventional wisdom about globalisation in the early 2000s have been upended in recent years. The COVID-19 pandemic exposed the vulnerability of far-flung supply chains in times of crisis, as well as the world...
Google on Tuesday unleashed another wave of artificial intelligence technology to accelerate a year-long makeover of its search engine that is changing the way people get information and curtailing the flow of internet traffic to websites. The next...
The world’s sources of critical minerals are increasingly concentrated in just a few countries, most notably China, leaving the global economy vulnerable to supply cut-offs that could disrupt industry and hit consumers with higher prices, a report...
Developers plan to construct a 420-room luxury resort in Paradise Park, Westmoreland, a coastal community known for its beaches and Taino heritage. Spanning 1,120 acres, the site will accommodate suspended overwater villas, a golf course and...
Helio Castroneves felt an immediate difference – a subtle but noticeable uptick in speed – the first time he utilised the boost of horsepower offered by IndyCar’s novel hybrid engines around the imposing oval of Indianapolis Motor Speedway. The...
France plans to build a maximum-security prison wing for drug traffickers and Islamic militants near a former penal colony in French Guiana, sparking an outcry among residents and local officials. The wing would form part of a US$450 million...
Sandals says some of its properties in Exuma that ended up on an auction list published by the Department of Inland Revenue in The Bahamas is a mistake that will be rectified. “We are aware of recent media reports suggesting that private properties...
The United States Justice Department may drop its criminal prosecution of Boeing for allegedly misleading US regulators about the 737 Max jetliner before two of the planes crashed and killed 346 people, according to a weekend court filing. The...
India’s plans to double steel production by the end of the decade could jeopardise its national climate goals and a key global target to reduce planet-heating gas emissions from the steel industry, according to a report released Tuesday. The report...
The European Union on Tuesday agreed to impose fresh sanctions on Russia, notably targeting almost 200 ships from the shadow fleet illicitly transporting oil to skirt Western restrictions put in place over Moscow’s war in Ukraine. The 27-nation...
Elon Musk is in a legal fight with Microsoft but made a friendly virtual appearance at the software giant’s annual technology showcase to reveal that his Grok artificial intelligence chatbot will now be hosted on Microsoft’s data centres. “It’s...
The United States Senate has voted to move forward with legislation to regulate a form of cryptocurrency called stablecoins, two weeks after Democrats blocked the measure. Monday’s 66-32 procedural vote keeps one of US President Donald Trump’s top...
What’s in a name? That which we call a rose, by any other name would smell as sweet is said by Juliet in William Shakespeare’s Romeo and Juliet; a quote that is often repeated in discussions about the importance of names. From my tangential...
One Great Studio Limited, 1GS, posted a $13-million net loss for the first quarter ending March 2025, a sharp reversal from the $10-million profit recorded a year earlier. The company serviced 87 clients during the quarter, with half based in the...
In times of political turbulence, leading research universities often become both targets of populist rhetoric and beacons of hope. For voters dissatisfied with ‘elites’ and the status quo, higher education bears responsibility for spawning the...
Cigarette trader Carreras Limited posted a net profit of $1.4 billion for the first quarter ended March 2025, more than double the $568.5 million earned in the year prior, as the cigarette distributor benefited from price increases. The strong...
With the main tourism season having ended in April, egg farmers are praying for a more favourable hurricane season this year so that they can fully supply the country including the hoteliers with eggs for the second half of the year. President of...
New Fortress Energy, NFE, booked a gain on the sale of its Jamaica operations, but reported an overall loss of US$200 million in the March first quarter. Its losses were nearly four times worse that the comparative quarter for 2024 when it bled US$...
The Bank of Jamaica (BOJ) has lowered its policy rate from 6 per cent to 5.75 per cent per annum, effective Wednesday. In a media release on Tuesday, the BOJ said its Monetary Policy Committee, during its recent meeting, unanimously agreed to...
Britain and the European Union hailed a new chapter in their relationship Monday after they sealed new agreements on defence cooperation and easing trade flows at their first formal summit since Brexit. Prime Minister Keir Starmer, who met...
American consumer sentiment fell slightly in May for the fifth straight month, surprising economists, as Americans increasingly worry that US President Donald Trump’s trade war will worsen inflation. The preliminary reading of the University of...
