Business

The next generation of Buffetts – Howard, Susie and Peter – is poised to become one of the most powerful forces in philanthropy when their 94-year-old father, the legendary businessman and leader of Berkshire Hathaway, Warren Buffett, eventually...

Hit hard by a steep decline in revenue, occasioned by the temporary closure of its New York operations, distribution and manufacturing company Derrimon Trading has labelled 2024 a tough financial year. It is looking towards the manufacturing...

Wells Fargo has agreed to work with US bank regulators to shore up its financial crimes risk management, including internal controls related to suspicious activity and money laundering. The agreement comes just seven months after the Biden...

The phenomenal growth of alternative investment funds, or AIF, internationally has ignited new economic analysis, debate and even litigation. The sector’s increasing prominence in Jamaica takes the topic beyond academic interest, locally. Finding a...

Chinese authorities have banned the accounting firm PwC for six months and fined it over CN¥400 million (US$56.4 million) over its involvement in the audit of collapsed property developer Evergrande. The punishment is the heaviest yet for...

Starting next year, China will raise its retirement age for workers, which is now among the youngest in the world’s major economies, in an effort to address its shrinking population and ageing work force. The Standing Committee of the National...

By the end of 2024, more than 60 countries with close to a half of the world’s population will have had general elections, leading in some cases to significant changes. Jamaica’s is due by September, 2025. Although many people choose not to...

Edgar Munn, a coffee buyer from the family that built Mavis Bank Coffee Factory, MBCF, will visit Jamaica next month with the goal of securing more beans for processing and sale in the United States, the country’s second-largest coffee market. “I’...

I wrote a speculative article in 2000 on what I called “the political trilemma of the world economy”. My claim was that advanced forms of globalisation, the nation-state, and mass politics could not coexist. Societies would eventually settle on, at...

Following the review of over 500 submissions by a joint committee of the credit unions EduCom and Gateway, its governors have decided to rename the merged entity as Infinity Co-operative Credit Union. The two institutions have agreed to merge but...

Apple Inc on Tuesday lost its last bid to avoid paying €13 billion (US$14.34 billion) in back taxes to Ireland, in a finale to a dispute with the European Union that centred on sweetheart deals that Dublin was offering to attract multinational...

A major river in the Brazilian metropolis of Sao Paulo is suddenly emerald green and clear skies this week turned from blue to grey. In the late afternoon, the sun’s rays filtering through the smoky haze exhibit the colour of deep orange. This isn’...