More emphasis on innovation and a refreshed industrial policy are needed for the country to avoid what has been called “the middle-income trap”, according to views on what Jamaica needs to move up the income scale espoused at a forum in Kingston....
The Jamaican Government has launched a search for architects and other professionals to design the Morant Bay Museum, which is expected to draw visitors to the parish of St Thomas. The St Thomas Chamber of Commerce anticipates increased commercial...
Mayberry Group Limited, MGL, is announcing big changes as Patrick Bataille joins the team as a director and chief executive of Mayberry Investments Limited, with immediate effect. Bataille, whose expertise includes digital transformation, has...
The United States government fined American Airlines US$50 million for failing to provide wheelchair assistance to passengers with disabilities and damaging thousands of wheelchairs over a five-year period. The US Transportation Department said...
After a tumultuous couple of years, the global economy finally seems to be in recovery mode. But beneath a placid surface of falling inflation and rising overall growth lie considerable inconsistencies, weaknesses, and tensions, reflected in...
The Inter-American Development Bank says it has launched organisational changes to increase the impact and scale of its development work throughout the Latin American and the Caribbean region. “We’re doing this to increase the impact and scale of...
AMG Packaging and Paper Limited, which makes cardboard packaging for businesses, recorded higher profit but blamed the sluggish economy for its flat sales. Profit totalled $136 million for year ending August 2024 , up from $89 million in the...
Jamaica celebrated its 56th National Heroes Day on Monday, October 21. There are more Jamaican heroes than the seven who have been accorded the title Order of National Hero. History is replete with instances where many things got done or have been...
The International Monetary Fund on Tuesday upgraded its economic outlook for the United States this year, while lowering its expectations for growth in Europe and China. It left its forecast for global growth unchanged at a relatively lacklustre 3....
US sales are down and a once-reliably profitable joint venture in China is losing money, but General Motors still managed to post a third quarter profit of US$3 billion Tuesday, slightly less than it made a year ago. The Detroit automaker reported...
Cinema operator Palace Amusement Company has made a major change at the top, with the appointment of Steven Cooke as assistant managing director. Cooke is one of the two sons in the Palace Amusement universe, the other being Scott Graham. Since...
Portland JSX Limited plans to offer more loans going forward, instead of relying so much on equity investment in businesses for returns. It is aimed at offsetting periods of volatility, which has resulted in a slide in the equity fund’s capital US$...
In a landmark report, the Global Commission on the Economics of Water recently identified water markets as a fundamental solution to the world’s escalating climate-driven water crisis. The logic is simple: When something is scarce, it becomes more...
Netflix on Thursday reported that its subscriber growth slowed dramatically during the summer, a sign the huge gains from the video-streaming service’s crackdown on freeloading viewers is tapering off. The 5.1 million subscribers that Netflix added...
Artificial intelligence has captured the imagination of corporate leaders eager to implement new tech solutions in their industries. But AI could also be applied to broader and more complex problems, especially in education. This vision is on its...
Snubbed by Tesla, Mexico’s new president has pledged to create a Mexican-made small, affordable electric car to compete with vehicles imported from China. President Claudia Sheinbaum said Teslas were too “onerous”, or expensive, for the Mexican...
Is there unnecessary hysteria over Jamaica’s new, historic, low birth rate, now estimated to be below the population replacement rate? Absolutely not. Our low birth rate predicament isn’t an orphan. It resides under the same roof with three other...
Ground transportation company JUTA Tours is starting an express bus service that will compete directly with luxury coach Knutsford Express, on the Kingston-Montego Bay route. Details of the service are still being worked out, but it is expected to...
Phones hold so much of our digital lives – emails, social media and bank accounts, photos, chat messages and more – that, if they ever get stolen or go missing, it can cause major disruption beyond just the loss of a device. In some places, phone...
Family sizes are getting smaller in Jamaica. This is because the total fertility rate – the average number of children Jamaican women can be expected to have over their lifetime – is declining. Jamaica is not singular in this regard; it is a...
The world’s second Sphere is planned to be built in the capital of the United Arab Emirates after the opening of the first giant dome entertainment complex in Las Vegas, United States. Abu Dhabi’s Department of Culture and Tourism and Sphere...
Nuclear power is garnering renewed attention amid growing demand for power and cleaner energy. The power source has seen a resurgence as nations focus on reducing emissions in an effort to combat climate change. At the same time, the technology...
Monstrous hurricanes Helene and Milton caused so much complex havoc that damages are still being added up, but government and private experts say they will likely join the infamous ranks of Katrina, Sandy and Harvey as super costly US$50-billion-...
Suriname and Guyana have taken the first step towards achieving the joint exploitation of gas reserves off the coast of the two neighbouring Caricom countries. “It won’t happen tomorrow, but it is important that we now have confirmation from both...
