Published:Wednesday | November 27, 2024 | 12:05 AM
Having given the green light to two investors to develop renewable energy plants under its 100-Megawatt project, the Generation Procurement Entity, GPE, indicated that it is preparing a new project round for the tender of another 168MW. Under its...
Published:Wednesday | November 27, 2024 | 12:05 AM
Sneaking a little ahead of line to get on that plane faster? American Airlines might stop you. In an apparent effort to reduce the headaches caused by airport line cutting, American has rolled out boarding technology that alerts gate agents with an...
Corporate Jamaica hasn’t given up on its push to import more foreign labour. Private sector interests are calling on the government to make the process to bring in workers from abroad less complicated in hopes of easing Jamaica’s labour shortage in...
In the wee hours of Sunday at the United Nations climate talks, countries from around the world reached an agreement on how rich countries can cough up the funds to support poor countries in the face of climate change. It is a far-from-perfect...
As a leader, you care about offering staff a lofty vision to follow. As such, your company has a vision statement, but unfortunately it has zero impact. How can you craft and communicate a future that inspires? Situation: You are a recently...
United States regulators want a federal judge to break up Google to prevent the company from continuing to squash competition through its dominant search engine after a court found it had maintained an abusive monopoly over the past decade. The...
The Bahamas announced Friday that it will refinance US$300 million of its external debt to free up more than US$120 million for marine conservation projects and climate change mitigation. It is the fifth such debt-for-nature swap in the world, with...
The Spur Tree Hill main road links the southern parishes of Manchester and St Elizabeth. Two mountains dominate the landscape of Spur Tree Village: May Day to the east and Don Figuerero to the west. According to satellite data from the US National...
Buoyed by the success of its small northern hub, and smarting from the effects of Hurricane Beryl, manufacturing and distribution company Wisynco Group Limited is moving to set up an even larger hub on the southern side of Jamaica. Chairman William...
This United States election marks what Germans call a zeitenwende or ‘turning point’. Voters are signalling clearly that they want change, preferring a second Donald Trump administration to another caretaker government presiding over a regime that...
Have your ever wondered why unit prices of bond funds in collective investment schemes like unit trusts and mutual funds tend to fall although bonds are generally seen as safer than investment vehicles like stocks, which tend to be attractive more...
Telecommunications provider Flow Jamaica earned flat revenues in the September 2024 amid the passage of Hurricane Beryl, which cost its parent millions in damage. The Jamaica operations of C...
A promotional video for a rebrand of British luxury car brand Jaguar is being criticized online for showing models in brightly coloured outfits – and no car. The rebrand, which includes a new logo, is slated to launch Dec. 2 during the Miami Art...
Bitcoin topped US$98,000 for the first time Thursday, extending a streak of record after record highs since the United States presidential election. The cryptocurrency has rocketed more than 40 per cent in just two weeks. Now, bitcoin is at the...
Hurricane Beryl cost Jamaica $32 billion and sent the economy into decline, according to the Planning Institute of Jamaica. The Jamaican economy contracted by 2.8 per cent in the July-September 2024 quarter, while the outlook for the December...
A water well currently being drilled for Caribbean Cream Limited, which trades as Kremi, could be a game changer for the ice cream company, which has already registered improved performance in 2024 over the previous year. CEO of Caribbean Cream,...
The takeover of IT services firm, tTech Limited, is all but complete. Simply Secure Limited, owned by Kevin Gordon and Rob Mayo-Smith, has increased its shareholding in tTech to 69.1 per cent, representing 73,229,223 of the 106,000,000 shares...
Sygnus Credit Investments Limited, SCI, aims to raise US$26 million in a new preference share offer to the market. It forms part of plans by the firm to secure as much as US$100 million in funds over the medium term. The current preference share...
The food and beverage supplier, Caribbean Producers Jamaica Limited, CPJ, recorded a net loss of US$80,700 for the September first quarter, reversing a profit of US$1.2 million in the comparable period last year. Quarterly sales dipped slightly to...
Human-caused climate change made Atlantic hurricanes about 18 miles per hour (29 kilometres per hour) stronger in the last six years, a new scientific study found Wednesday. For most of the storms – 40 of them – the extra oomph from warmer oceans...
Published:Wednesday | November 20, 2024 | 12:09 AM
Spirit Airlines, the largest budget carrier in the United States, filed for Chapter 11 bankruptcy protection Monday. The airline said customers should not see any disruption to their travel plans while the process unfolds. The filing followed years...
Published:Wednesday | November 20, 2024 | 12:08 AM
Building the current crop of artificial intelligence chatbots has relied on specialised computer chips pioneered by Nvidia, which cornered the market and made itself the poster child of the AI boom. But the same qualities that make those graphics...
Published:Wednesday | November 20, 2024 | 12:08 AM
Microsoft CEO Satya Nadella is opening a company conference in Chicago with remarks that could set the stage for where it’s taking its artificial intelligence business. AI developers are increasingly pitching the next wave of generative AI chatbots...
Published:Wednesday | November 20, 2024 | 12:08 AM
Just as a simple lever can move heavy objects, rich nations are hoping another kind of leverage — the financial sort — can help them come up with the money that poorer nations need to cope with climate change. It involves a complex package of...
Published:Wednesday | November 20, 2024 | 12:07 AM
JMMB Group Limited expects further reduction in interest rates this week but remains concerned about the reduced spending in the economy. The Bank of Jamaica, BOJ, will decide on Thursday whether to hold or adjust its policy rate, now at 6.5 per...
