Published:Wednesday | February 26, 2025 | 12:06 AM
In his annual letter to shareholders , Warren Buffett celebrated the successes of Berkshire Hathaway’s companies last year and in the 60 years since he took over a struggling New England textile company and began converting it into a massive...
Published:Wednesday | February 26, 2025 | 12:06 AM
EduFocal Limited is preparing for a rights issue later this year to raise equity capital that will fund the upgrades to the learning platform. The edutech company is also aiming to reduce its debt. The precise date and amount of funds to be raised...
Published:Wednesday | February 26, 2025 | 12:06 AM
Flow Jamaica generated US$415 million ($65 billion) in revenue for 2024, marking a 2.5 per cent increase despite disruptions caused by Hurricane Beryl. Mobile subscribers rose by five per cent to over 1.2 million, comprised of 1.09 million prepaid...
Barita Investments Limited will start developing properties held by affiliate MJR Real Estate Holdings Limited. “Within this calendar year, you will start to see visible activity surrounding that,” said Barita Investments CEO Ramon Small-Ferguson...
Published:Wednesday | February 26, 2025 | 12:05 AM
Pharmacy company Fontana Limited reported a double-digit increase in revenue during the Christmas period, but profit after tax fell. “Revenues increased across all locations, with the Portmore store improving substantially over its prior year,” CEO...
The United States on Monday imposed sanctions on dozens of people and oil tankers across China, the United Arab Emirates, India and other jurisdictions for allegedly helping to finance Iran and its support for militant groups that launch attacks...
The United Kingdom’s Foreign Secretary David Lammy said he saw no appetite for peace from Russia in Ukraine after listening to a speech by Russia’s top diplomat at a tense Group of 20 meeting in South Africa on Thursday. Lammy was speaking to...
As retirement shifts from the traditional ‘take it easy and enjoy the fruits of your labour’, there is emerging a retirement that is embracing learning, earning, socialising, serving, and preserving health, and this is being promoted and...
Social entrepreneurs must now confront some difficult truths: the social enterprise landscape in 2025 is collapsing with changing economic conditions, international divide and geopolitical tensions. Although many have nobly built enterprises...
After withdrawing the United States from the Paris climate agreement and the World Health Organization, US President Donald Trump may pull the country out of more international institutions in the coming months. Notably, Project 2025 – the...
Airbnb is suing the City of New Orleans for requiring the company and short-term rental platforms to ensure properties they market are in compliance with city laws. “What we’re looking at now, due to Airbnb’s lawsuit, is that they do not want to...
When the Trump administration’s crypto czar, David Sacks, recently held a news conference to announce a new congressional working group to advance cryptocurrency regulation, many digital asset enthusiasts were unimpressed and underwhelmed. “There...
After years of delays, the Jamaican government says it is closer to establishing entertainment zones where events can be held without disturbing communities and earnings from the entertainment sector can be maximised. As part of the buildout of the...
Microlender Dolla Financial Services Limited aims to grow its loan book by half, this year, from $4 billion to $6 billion. The company will focus on improving profit as well as raising new funds for disbursement as loans in the latter part of 2025...
The introduction to today’s article is one reader’s response to my February 2 piece, ‘Crash Prevention Central to Insurance Business’. It read: “As usual, you are spot on with your critique of the local insurance industry. My comments are about...
Apple has released a sleeker and more expensive version of its lowest priced iPhone in an attempt to widen the audience for a bundle of artificial intelligence technology that the company has been hoping will revive demand for its most profitable...
The Planning Institute of Jamaica, PIOJ, expects the economy to grow in the March quarter but contract overall for the fiscal year. It comes as the planning agency reported a second consecutive quarter of decline of 1.8 per cent in the October-...
A bright idea, a chance meeting at an NFL watch party, followed by year-long talks have culminated in a $115-million buyout of DRT Communications by One Great Studio Company Limited, a listed company which trades as 1GS. Deal arranger Ryan Strachan...
Toll road operator TransJamaican Highway Limited racked up revenue of US$82.8 million ($13 billion) from Jamaican commuters traversing the Portmore-May Pen segments of Highway 2000 last year. The collections were up 10 per cent relative to year...
Manufacturing and distribution company Wisynco Group Limited’s bottom line has shrunk for a second quarter. This despite modest top-line growth. Chairman William Mahfood said the mixed reports coming out of the tourist industry point to a slowdown...
The existential threat of the climate crisis casts a long shadow over our planet. Its effects are not equally distributed: vulnerable countries, particularly SID,S or small island developing states like mine, are on the front lines. We must contend...
Germany needs a new business model. The old one, fuelled by cheap natural gas from Russia and lucrative exports to China, is broken, leaving Europe’s biggest economy mired in stagnation and angst about the future. Delivering that fresh growth...
Electric vehicle maker Nikola has filed for Chapter 11 bankruptcy protection months after saying that it would likely run out of cash early this year. Nikola was a hot start-up and rising star on Wall Street before becoming enmeshed in scandal and...
