Business

The European Central Bank, which sets interest rates for the 20 countries that use the euro currency, cut borrowing costs once again on Thursday after figures showed inflation across the bloc falling to its lowest level in more than three years and...

Jamaica Customs Agency has collected over $7 billion in duties through its mobile app that now has more than 7,000 registered users a year after its introduction. This was disclosed by JCA Chief Information Officer Andre Williams, who outlined the...

After four consecutive quarters losses, air quality company CAC 2000 Limited is back in the black. For the third quarter ended July 2024, the company reported a profit of $11.72 million, a 143.6 per cent improvement that reversed the $26.87-million...

More than half of businesses and a quarter of consumers need cash or a loan, according to the latest JCC Business and Consumer Confidence Indices released on Tuesday. Consumer confidence dipped to 168.4 points in the third quarter, 0.7 per cent...

With polls suggesting that Kamala Harris has at least a 50 per cent chance of winning next month’s United States presidential election, questions about her economic-policy agenda have come to the fore. Of course, much will also depend on down-...

The artificial intelligence boom has benefited chatbot makers, computer scientists and Nvidia investors. It’s also providing an unusual windfall for Anguilla, a tiny island in the Caribbean. ChatGPT’s debut nearly two years ago heralded the dawn...

Savings of more than $1 billion have been realised by the Jamaica Customs Agency, JCA, over the past nine years by converting most of its processing forms from paper to digital. Some $126 million per year has been saved by the Jamaica Customs by...

Brazil on Friday started blocking over 2,000 gambling websites designated as irregular, part of a push by the government to regulate the sector. The move comes as concerns grow about addiction, especially among tens of millions of vulnerable people...

Petroleum marketing company, Future Energy Source Company Limited, is moving to carve more market share for its proprietary Jamaica-blended lubricating oils, Futroil. Petroleum marketing companies generally market their own brands, but with only 22...

Hours after the artificial intelligence pioneer Geoffrey Hinton won a Nobel Prize in physics, he drove a rented car to Google’s California headquarters to celebrate. Hinton doesn’t work at Google anymore. Nor did the long-time professor at the...

Multilateralism has fallen on hard times lately, especially at the United Nations. The UN Security Council couldn’t stop Russia’s invasion of Ukraine, ceasefires in Gaza and Lebanon remain elusive, and subsequent COP summits have failed to spur...

The ‘news gods’ in their infinite wisdom, forced me to return to this topic three Sundays after I wrote Part One. The sign was when they gave me details about a simple 2024 motor claim. It involved two vehicles, a seven-digit repair estimate for...