Thu | May 7, 2026

Business

Published:Friday | May 9, 2025 | 12:08 AM

Billionaire investor Warren Buffett said Saturday that he wants to step down as chief executive of Berkshire Hathaway at the end of the year. The revelation came as a surprise because the 94-year-old had previously said he did not plan to retire....

Published:Thursday | May 8, 2025 | 12:08 AM

China announced a barrage of measures meant to counter the blow to its economy from the US trade war, as the two sides prepared for talks later this week. Beijing’s central bank governor and other top financial officials outlined plans Wednesday to...

Published:Wednesday | May 7, 2025 | 12:13 AM

El Salvador President Nayib Bukele ordered police via social media on Monday to arrest five heads of bus companies in the Central American country after they defied his order to offer free transport for a week following a major highway closure. The...

Published:Wednesday | May 7, 2025 | 12:13 AM

The United States Justice Department is doubling down on its attempt to break up Google by asking a federal judge to force the company to part with some of the technology powering the company’s digital ad network. The proposed dismantling coincides...

Published:Wednesday | May 7, 2025 | 12:13 AM

When Greg Abel becomes Berkshire Hathaway’s new CEO next year he will of course take on additional responsibilities, but with Warren Buffett remaining as chairman, the surprise change announced at the annual meeting over the weekend is in some ways...

Published:Wednesday | May 7, 2025 | 12:12 AM

The South Texas home of Elon Musk’s SpaceX rocket company is now an official city with a galactic name: Starbase. A vote last Saturday to formally organise Starbase as a city was approved by a lopsided margin among the small group of voters who...

Published:Wednesday | May 7, 2025 | 12:11 AM

Air-conditioning company CAC 2000 Limited is feeling the effects of logistical delays compounded by pirate activity in the main shipping routes of its suppliers. CEO Gia Abraham adds that customers are not settling their bills quickly. And the...

Published:Wednesday | May 7, 2025 | 12:11 AMLuke Douglas/Senior Business Reporter

GraceKennedy Limited is currently piloting a new organic fertiliser, which makes use of waste generated from its agro park operation in St Elizabeth. David Crum-Ewing, operations executive at GK Foods...

Published:Wednesday | May 7, 2025 | 12:11 AM

With less than three months to go, there is no decision yet on whether there will be a second extension of the Portland Caribbean fund. The “limited partners – including PJX – had yet to determine whether a second extension would be pursued” for...

Published:Wednesday | May 7, 2025 | 12:07 AM

International monetary and financial systems may not be immutable, but nor do they change often. That is why the upheaval spurred by US President Donald Trump’s trade and tariff war is so remarkable – and difficult to decipher. To figure out what...

Published:Wednesday | May 7, 2025 | 12:07 AM

The acquisition of rival delivery service My Cart Quick Limited by courier company Mailpac Group Limited was a $1.2 billion deal, Mailpac’s newly released year-end results show. The purchase of My Cart took place last year April, but was set to be...

Published:Wednesday | May 7, 2025 | 12:06 AM

Having boosted its assets with the purchase of an operating business, MFS Capital Partners Limited has reaffirmed its goal of reaching $1 billion in revenue in two years. CEO Dino Hinds said MFS Capital is looking towards its new subsidiary,...

Published:Wednesday | May 7, 2025 | 12:06 AM

Global accounting firm Deloitte has re-entered Jamaica after a 12-year absence. Its re-entry restores a Big Four operator, the others being PricewaterhouseCoopers, KPMG and EY. For months, the company has been quietly setting up the firm, with...

Published:Tuesday | May 6, 2025 | 10:14 AM

The shoe company Skechers is being acquired for more than $9 billion and will be taken private by the investment firm 3G Capital. The deal comes amid growing uncertainty over how US tariffs on foreign goods will affect companies who make their...

Published:Sunday | May 4, 2025 | 12:10 AM

The ideas for this article were planted a few weeks ago by a consumer who sought my help. She had insured her bank-financed car two years ago. The contract of insurance, or policy, has still not been sent to her even though she has paid the premium...

Published:Sunday | May 4, 2025 | 12:09 AM

Apple CEO Tim Cook said Thursday that the majority of iPhones sold in the United States in the current fiscal quarter will be sourced from India, while iPads and other devices will come from Vietnam as the company works to avoid the impact of...

Published:Sunday | May 4, 2025 | 12:08 AM

There’s no denying it: 2025 keeps reminding us that Jamaica is grappling with a deep crisis of trust – not just in government or law enforcement, but in commerce. This crisis came into sharp focus recently when a Chinese-owned auto repair shop...

Published:Sunday | May 4, 2025 | 12:08 AM

United States President Donald Trump thinks America is only for Americans. The US dollar, by contrast, is for everyone. Should the BRICS grouping of emerging economies create a new currency, Trump has tweeted, or “back any other currency to replace...

Published:Sunday | May 4, 2025 | 12:08 AM

The ocean economy supports millions and underpins some of the world’s most critical industries. From maritime shipping, which carries 80 per cent of global trade, to the undersea fibre-optic cables that transmit 95 per cent of international data,...

Published:Sunday | May 4, 2025 | 12:08 AM

Kamla Persad-Bissessar created history on Thursday, when she took the oath of office, becoming the first woman to be sworn in as prime minister of Trinidad...

Published:Sunday | May 4, 2025 | 12:07 AM

Remittances serve as a critical lifeline for many households in Jamaica with the majority allocated to day-to-day needs and the rest to investments. To maximise these benefits, Jamaicans can adopt several strategies to enhance value and long-term...

Published:Sunday | May 4, 2025 | 12:07 AMLuke Douglas - Senior Business Reporter

The Jamaican castor oil industry has not been able to shed the perception of being an enterprise for the ‘small man’, largely because the potential earnings mainly flow to counterfeit products on the market that are falsely labelled as Jamaican,...

Published:Friday | May 2, 2025 | 12:14 AM

A federal judge in the United States has strongly rebuked Apple, finding that the iPhone maker wilfully violated a court injunction in an antitrust case filed by Fortnite-maker Epic Games. US District Judge Yvonne Gonzalez Rogers had ordered Apple...

Published:Friday | May 2, 2025 | 12:14 AM

Last December, I argued that while some of US President Donald Trump’s policies would be stagflationary – reducing growth and raising inflation – such effects would ultimately be mitigated by four factors: market discipline, an independent US...

Published:Friday | May 2, 2025 | 7:37 AM

Food service company Express Catering Limited, ECL, posted net profit of US$1.8 million for the third quarter ending February 2025, a two-thirds increase year-on-year, notwithstanding a decline in passenger traffic through the Sangster...

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