The beginnings of modern artificial intelligence, according to Tanya Lewis, writing in a 2014 article, can be traced to classical philosophers’ attempts to describe human thinking as a symbolic system. That system is a study of how symbols are used...
NCB Financial Group Limited is hunting $15 billion in a refinanced bond offer that almost doubles the interest rate offered three years earlier. The bond offer opened July 22 and closes August 29, with NCB Capital Markets Limited acting as the lead...
Tesla’s second-quarter net income fell 45 per cent compared with a year ago as the company’s global electric vehicle sales tumbled despite price cuts and low-interest financing. The Austin, Texas-based company said it made US$1.48 billion from...
Southwest Airlines said on Thursday that it plans to drop the open-boarding system it has used for more than 50 years and will start assigning passengers to seats, just like all the other big airlines. The airline said it has been studying seating...
After registering an increase in net profit of 58 per cent in 2023, Caribbean Assurance Brokers Limited suffered a loss of $12.1 million in the first half of 2024, a setback which the company attributes to spending that’s meant to fuel future...
Amber Group has entered Jamaica’s public transport sector through a 50 per cent equity stake in OnTime Taxi, which operates a fleet of about 300 cabs. Amber CEO Dushyant Savadia declined to comment on the value of the transaction, citing...
The Fair Trading Commission, FTC, plans to conduct a market survey to assess the adequacy of current regulations governing taxi apps. This move is in response to the emergence of ridesharing services like Uber, InDrive, and 876 On The Go, which...
The Sygnus Group has set a target of US$1 billion in alternative assets under management, or AAUM, in another two to three years, says co-founder and Chief Investment Officer Jason Morris. The group currently has AAUM of US$500 million, separate...
Investment fund Portland JSX Limited expects capital recovery within 18 months. Its capital has dipped by one-quarter in the past year. “We anticipate that there will be recovery in the equity as the value of the investment portfolio increases in...
To combat ongoing destruction in the Amazon rainforest, Brazil announced a plan on Tuesday to dramatically expand selective logging to an area the size of Costa Rica over the next two years. In Brazil, vast forest lands are designated as public,...
The Jamaica Stock Exchange, JSE, has released its green, blue and sustainability bond guidelines to the market, giving brokers a list of additional procedures for such ‘thematic’ investments. “This guide sets the necessary foundations to further...
A new programme under which tradespersons can acquire tools for their occupation will provide financing at interest rates as low as nine per cent, but the MSME Alliance, while endorsing the initiative, believes it’s too pricey and is pushing for...
The devastation from the passage of Hurricane Beryl seen in parts of Jamaica has unearthed some longstanding issues and concerns held by farmers, market vendors and others who interact with both farmers and market vendors. One of the concerns is...
Wiz has rejected a reported US$23-billion acquisition proposal from Google parent Alphabet – as the cybersecurity start-up pivots back to a previously planned initial public offering, according to a company memo seen by CNBC and others. That ends...
United States regulators are investigating how Delta Air Lines is treating passengers affected by cancelled and delayed flights as the airline struggles to recover from a global technology outage. US Transportation Secretary Pete Buttigieg...
Gaming and entertainment company, Supreme Ventures Limited, SVL, is offering loans to support its retailer network with their recovery efforts from Hurricane Beryl. It’s understood that just about 42 per cent of the company’s 1,200-strong retailer...
Microfinance company Dolla Financial Group credits its aggressive sales strategy for its impressive performance over the first six months of 2024, which saw its net profit jump by 25 per cent over the first half of 2023. The Dolla Group, which...
Delta Air Lines struggled for a fourth straight day to recover from a worldwide technology outage caused by a faulty software update, stranding tens of thousands of passengers and drawing unwanted attention from the federal government. Other...
Cement maker Caribbean Cement Company Limited expects to spend over US$51 million ($8 billion) this year as capital expenditure to complete its plant expansion while embarking on new projects. It would equate to the largest annual investment in...
You are a proponent of long-term thinking in your company. However, recently you’ve grown cautious since you’re the only one consistently bringing up this viewpoint. What approaches can be taken to convince others to think more strategically? To...
Airlines, banks, hospitals, and other risk-averse organisations around the world chose cybersecurity company CrowdStrike to protect their computer systems from hackers and data breaches. But all it took was one faulty CrowdStrike software update to...
My friend could not disguise her joy when she declared in our conversation a few months ago that she, fairly recently retired, was financially independent. Financial independence does not mean the same thing to everybody, and to some people, it...
The stimulus for today’s article is Roman Catholic priest, Rev Father Donald Chamber’s letter to the editor, ‘Technology cannot substitute humans’ published in the The Gleaner on July 14. Business success, he argued, is dependent on achieving the...
Since 2019, the development and maintenance of a digital platform has become an indispensable element of brokerage house operations to cater to the flurry of companies going public via the stock market. First-mover advantage went to NCB Capital...
