Medical scanning company, Elite Diagnostic has introduced a system of “quasi-bonding” to reduce the migration of its skilled staff. The company provides additional training, and it helps to pay off the student loans of newly hired radiographers. It...
Mineral Heights in May Pen, Clarendon, will benefit from further urban development with plans by the Ministry of Education and Youth to build on 10 acres beside the trendy roundabout. The Government recently sent out tenders seeking architects to...
The emergence of generative artificial intelligence tools that allow people to efficiently produce novel and detailed online reviews with almost no work has put merchants, service providers and consumers in uncharted territory, watchdog groups and...
The auditors of NCB Financial Group Limited (NCBFG) have revised the conglomerate’s profit downward by $1.7 billion, bringing it to $21.6 billion, following the restatement of certain contracts. This adjustment represented a 7.0 per cent decrease...
The Bank of Jamaica (BOJ) will lower its benchmark policy rate effective Monday, but it chided the banks for the slow pace of adjusting rates downward to customers. The Monetary Policy Committee (MPC) of the BOJ noted that “interest rates on bank...
In a deal worth $1.6 billion, First Rock Real Estate Investments has acquired a stake in a commercial complex in the Cayman Islands. It’s the largest transaction in that territory for the Jamaica-based group. The company secured a majority stake...
Drivers and airline passengers without reindeer and sleighs better make a dash for it: it’s beginning to look like another record for holiday travel in the USA. The auto club AAA predicts that more than 119 million people will travel at least 50...
Black farmers in Zimbabwe can start selling farms that were previously taken from white people under contentious land reforms two decades ago. This marks a major shift in Zimbabwe’s land policy announced on Friday by Zimbabwean President Emmerson...
Tesla is recalling almost 700,000 vehicles because of an issue with the warning light on the tire pressure monitoring system. According to a letter Thursday from the National Highway Traffic Safety Administration, the recall includes certain...
The crystal blue waters that once surrounded Kabaena are murky brown now, and the octopi and colourful fish that locals used to catch nearby to eat and sell have fled. The lush seaweed they used to harvest is gone. And parents who grew up swimming...
A British court ruled in the week that police can seize more than £2.6 million equivalent to US$3.3 million from influencer Andrew Tate and his brother Tristan. The seizure would cover years of unpaid taxes, the court ruled. The Devon and Cornwall...
Gas acquisitions led the Jamaica operations of Massy to increase its revenue by one third in the last financial year. The purchases pushed year on year revenue to J$25 billion (US$160 million). Massy, which already has gas operations on the island...
A popular social media influencer has issued an apology after a Swedish tabloid published a report saying she created a “work environment filled with fear and psychological pressure” at her fashion brand, Djerf Avenue. In an Instagram post on...
YouTube recently announced that it’s upping the price of its streaming service’s base plan by US$10 – citing “the rising cost of content” and other investments. The new US$82.99 a month price tag will go into effect starting January 13 for...
The Iranian rial on Wednesday fell to its lowest level in history, losing more than 10 per cent of value since Donald Trump won the U.S. presidential election in November and signaling new challenges for Tehran as it remains locked in the wars...
President Joe Biden is pledging to cut US greenhouse gas emissions by more than 60 per cent by 2035 as he fights to ensure his legacy on slowing global warming, even as President-elect Donald Trump vows to undo much of Biden’s climate work when he...
Workers at seven Amazon facilities in the United States went on strike Thursday, an effort by the Teamsters to pressure the e-commerce company for a labour agreement during a key shopping period. The Teamsters say the workers, who authorised...
Jamaican businesses are bracing for utility price increases, according to the latest Inflation Expectations Survey. More than half of the businesses surveyed expect utility costs to have the most significant impact on their operations, up from one-...
The three pharmaceutical companies listed on the Jamaica Stock Exchange are enduring pain. Two posted losses in their latest quarter, and the third missed targets within the soft economy. This economic contraction is showing up both in the top-line...
The National Housing Trust (NHT) aims to reduce its energy costs by $287 million by installing solar panels at 10 locations. The initiative is part of the government’s push for sustainable development. The figure comes from adding the annual energy...
A San Francisco jury on Tuesday found a tech consultant guilty of second-degree murder in the stabbing death of Cash App founder Bob Lee. It carries a sentence of 16 years to life, rejecting the defendant’s claim that he had acted in self-defence....
Published:Wednesday | December 18, 2024 | 12:10 AM
Jamaica-based Outsourcing Management Limited (OML), which trades as iTel, plans to refinance $3.5 billion in debt, offering bondholders the option to convert their holdings into shares, provided the company lists on the stock exchange. “We are in...
Published:Wednesday | December 18, 2024 | 12:10 AM
Retail sales in China slowed in November and housing prices fell, the government said on Monday. Demand remains lacklustre despite a flurry of stimulus measures over the past few months. The report came just a few days after top leaders ended an...
