The Fair Trading Commission, FTC, recently conducted a preliminary assessment of credit bureaus in response to consumer concerns about incomplete reports. “We will be issuing the preliminary report for consultation early next week,” said FTC...
Investment bank Mayberry Group Limited reported improved September third-quarter 2024 results. It resulted in the company earning $145 million net profit for shareholders for the September quarter, bettering the $986-million loss reported during...
Jamaica's import expenditure for the first six months of 2024, between January and June, totalled US$3.68 billion. This represents a 1.5 per cent decline over the US$3.74-billion spend for the corresponding period in 2023. The Statistical...
British Treasury chief Rachel Reeves told lawmakers on Wednesday that taxes will rise by £40 billion (US$52 billion) in order to plug a hole in the public finances and provide new funding for the United Kingdom’s cash-starved public services, in a...
Stubbornly high warranty expenses and lagging cost-cutting efforts are holding back Ford Motor Company’s profits this year, causing the company to lower its full-year earnings guidance. That pushed the company’s stock price down 6 per cent in...
In the remote village of Kamimomi in Japan’s western Okayama prefecture, a small group of rice farmers began their most recent harvest in sweltering heat, two weeks sooner than usual. The prefecture is called ‘the Land of Sunshine’ because of its...
A revolutionary opportunity for human development and economic growth has been emerging over the past 30 years. Modern information technology has the potential to enable large-scale remote work anywhere on the planet, and also to help countries...
Global oil prices are falling sharply after a retaliatory strike by Israel over the weekend targeted Iranian military sites, rather than its energy infrastructure as had been feared. Prices for crude spiked globally on October 2 after Iran fired...
Brazil’s environmental agency has levied US$64 million in fines against 23 meat-packing companies and their suppliers for buying and selling cattle raised illegally on deforested land in the Amazon. The operation, dubbed Cold Meat 2, was launched...
Brazil’s federal government on Friday reached a multibillion-dollar settlement with the mining companies responsible for a 2015 dam collapse that the government said was the country’s worst-ever environmental disaster. Under the agreement, Samarco...
There will be adequate supplies of chicken and chicken products for the upcoming Christmas season, says the Jamaica Broilers Group Limited, JBG, the country’s largest poultry producer and supplier. The company’s leadership is upbeat about the near...
Micro, small and medium enterprises are missing out on the billions of income available to businesses that vie for government contracts, which keep being awarded to a narrow set of companies, Nadia Morris, the acting executive director of the...
Southwest Airlines will replace several members of its board with candidates pushed by Elliott Investment Management to end a months-long fight with the hedge fund, which is pressuring the airline to boost profits and the stock price. Southwest...
Apple is releasing a free software update that will inject its first dose of artificial intelligence into its iPhone 16 line-up as the trendsetting company tries to catch up with technology’s latest craze. The upgrade to the iOS 18 operating system...
Spirit Airlines is cutting jobs and selling off some jets worth millions of dollars as the budget carrier aims to cut costs amid looming financial struggles and an uncertain future. In a Thursday regulatory filing, Spirit said it has identified...
Some readers, mainly from insurance companies, criticised my two recent articles about the industry’s slow adoption of technology to speed up the motor claims settlement process. The articles were said to be “unfair and damaged the industry’s...
Multiple studies show that most strategic plans fail. The reasons are many, but one mistake is common. Teams believe they know what “strategic” means, but they end up being wrong to the detriment of their companies. Their “strategic plan” lacks...
For the financial system to function effectively, people must feel confident that their money is safe. This is a primary reason why there are regulatory bodies, laws, codes of conduct, and penalties for breaches. Rules and structures,...
Gore Developments Limited plans to construct 700 homes under phase two of its Coral Springs Village housing project in Trelawny, but the development faces hurdles from heritage and tourism agencies. The key issues revolve around archaeological...
The Jamaica Broilers Group Limited, JBG, says most of its growth in the immediate future will come from the United States segment of its business, where it expanded its chicken plant to produce 700,000 chickens per week. The company disclosed that...
Cinema operator Palace Amusement Company has reduced screenings of Joker: Folie à Deux, a film that has underperformed locally and internationally, based on reviews. Rarely has a film, a super villain action movie set as a musical, been so...
Most people have accumulated a pile of data – selfies, emails, videos and more – on their social media and digital accounts over their lifetimes. What happens to it when we die? It’s wise to draft a will spelling out who inherits your physical...
A long, wooden boat puttered down the Indio River’s chocolate waters carrying Ana María Antonio and a colleague from the Panama Canal Authority on a mission to hear directly from villagers who could be affected by plans to dam the river. The canal...
Mexico’s new president announced an agriculture plan that could make the country’s food production and distribution look a lot more like it did in the 1980s, when meals in Mexico were dominated by tortillas, beans, instant coffee and cheap hot...
Russian President Vladimir Putin on Thursday presided at the closing session of a summit of the BRICS bloc of developing economies, praising its role as a counterbalance to what he called the West’s “perverse methods”. The three-day summit in the...
