GraceKennedy (GK) Limited has disclosed that it has come to an agreement with Spike Industries Limited to acquire its remaining 30 per cent stake in Catherine's Peak Bottling Company Limited, giving GK 100 per cent ownership of the company. The...
Artists can copyright works they made with the help of artificial intelligence, according to a new report by the United States Copyright Office that could help clear the way for the use of AI tools in Hollywood, the music industry and other...
Motorists will pay less for gas when they go to the pumps on Thursday. The state-owned oil refinery, Petrojam, says E-10 87 is to move down by $2.62 to sell for $153.42 per litre and a litre of E-10 90 will go down by $2.61 to sell for $161.43...
It’s impossible to miss. The huge rectangular mass of concrete and glass – the tallest building in Havana – dominates the city skyline, towering 150 metres (490 feet) above colonial homes with its 542 luxury rooms and majestic views of the city and...
The Jamaican Government will be investing $6 billion over the next six years in research to improve the varieties and yields of a number of agricultural crops, Agriculture Minister Floyd Green has said. The minister also said modern technology is...
Since the inception of its SMART Energy Loan last July, the National Housing Trust, NHT, has issued 275 loans to NHT contributors as financing for the procurement of renewable energy products. Those loans were issued in a span of six months, from...
Pipe manufacturer and energy products trader FosRich Company Limited has secured a financing facility for customers wanting to purchase solar energy systems. FosRich will be tapping into the segment demanding systems of 0.5MW to 3MW. In mid-January...
When the United States’ president, Congress and Supreme Court are all in a tizzy at the same time, the topic under discussion is usually a global meltdown or, at the very least, income taxes. Today, the concern is dancing cat videos. In his first...
Economic losses from hurricanes and other natural disasters soared in the United States in 2024 and were above average globally, reflecting another year of costly severe storms, floods and droughts. Damage caused by hurricanes Helene and Milton...
Perplexity AI has presented a new proposal to TikTok’s parent company that would allow the United States government to own up to 50 per cent of a new entity that merges Perplexity with TikTok’s US business, according to a person familiar with the...
Today’s article will begin with a discussion on the causes of potholes. I do not, however, intend to enter the political argument that the Jamaica Observer figuratively headlined last Wednesday as ‘Road Rage! Government, Opposition clash over...
More than half of Jamaica’s workforce needs to get certified in STEM disciplines to maintain global competitiveness, a local edutech entrepreneur has said. STEM is short for science, technology, engineering, and mathematics. “It’s a big problem,”...
Urban Development Corporation, UDC, is selling lands worth about $12 billion to drive the Caymanas Commercial Development project at Ferry, St Catherine. The divestment includes about 104 acres of land split into 68 lots at the Caymanas Estates...
Clearly defined investment objectives help investors to create and maintain portfolios to meet their unique financial goals consistent with their risk tolerance and time horizon. They are at the core of an investor’s investment strategy, but do not...
QUESTION: Currently, I noticed that there are just two ice-making companies in Jamaica. I have done some research and seen where one company has experienced a fire and there is a shortfall of ice, and the remaining company cannot fill the gap. As...
Costco shareholders rejected a proposal urging the wholesale club operator to evaluate any risks posed by its diversity, equity and inclusion practices. According to preliminary results shared by Costco executives at its annual meeting Thursday,...
While United States President Donald Trump took aim at the electric vehicle industry last week, there is still optimism about the industry’s future in Michigan, a state retooling from America’s most recognisable auto hub to its number one...
Samsung is injecting another dose of artificial intelligence into its next lineup of Galaxy smartphones, escalating an effort to simplify people’s lives while deepening their dependence on a device that accompanies them almost everywhere. The three...
The international community has long recognised the urgent need to reduce dependence on fossil fuels and shift to renewable energy, and in recent years many governments have pledged to reach net zero greenhouse-gas emissions, albeit over extremely...
China’s population fell last year for the third straight year, its government said on Friday, pointing to further demographic challenges for the world’s second most populous nation, which is now facing both an ageing population and an emerging...
Fontana Limited announced on Thursday that it acquired the Monarch chain of pharmacies from Gerk Limited for an undisclosed sum. The acquisition is expected to be finalised during the third-quarter of 2025. “We are extremely excited about the...
A globally recognised expert on artificial intelligence says the new technology will not take the jobs of professionals – not right away – but is taking on the tasks normally done by agents, for example, those who provide answers in call centres...
Cinema operator Palace Amusement is considering the introduction of “dinner movies” among other initiatives to grow revenue for the company that has struggled to turn a profit since the pandemic. Chairman Charles ‘Douglas’ Graham said Palace will...
The Government of Jamaica will be offloading its $10-billion stake in TransJamaican Highway Limited, operator of the Highway 2000 East-West toll roads, and divesting outsourcing assets held by the Port Authority of Jamaica later this year. The...
Ice cream maker Caribbean Cream Limited, which trades as Kremi, reported a rare net loss for its third quarter due to higher cost of goods, write-offs and rain. “The company has the added benefit of the new cold room, where we are positioned to...
