The post-pandemic surge in global sales of luxury handbags, shoes and apparel is set to stall this year amid a creativity crisis and price hikes as brands shift focus to the biggest spending customers, a new study by the Bain consultancy said...
The Jamaica Stock Exchange (JSE) has announced that trading of EduFocal Limited and Equityline Mortgage Investment Corporation shares is to resume on Friday. The JSE says EduFocal Limited has now submitted its 2023 Audited Financial...
Ever get your McDonald’s order mixed up at an AI-powered drive-thru? The experiment behind the fast food giant’s current automated order taker will soon be coming to a close. McDonald’s confirmed Monday that it decided to end a global partnership...
Motorists will pay more for gas and diesel when they go to the pumps on Thursday. The state-owned oil refinery, Petrojam, says E-10 87 is to move up by $0.25 to sell for $171.50 per litre and a litre of E-10 90 will go up by $0.50 to sell for $179....
Dr Hyginus ‘Gene’ Leon, former president of the Caribbean Development Bank, CDB, says if there is no change within the financial institution, “the next president may encounter the same challenges” that he faced during his tenure at the region’s...
Prime Minister of Barbados, Mia Mottley is calling for the Caribbean banking sector to be infused with greater diversity and competition and to ensure that constraints to economic growth are confronted directly. She also wants a change in how...
With global growth stabilising for the first time in three years, inflation reaching a three-year low, and financial conditions brightening, the global economy seems to be on its final approach for a ‘soft landing’. But this positive news cannot...
Main Event Entertainment Group Limited, MEEG, a provider of stage and lighting, indicated that some large parties and events, including carnival, have been scaling in size, resulting in lower margins for promoters like itself amid a changing...
The Internal Revenue Service of the United States plans to end a major tax loophole for wealthy taxpayers that could raise more than US$50 billion in revenue over the next decade, the US Treasury Department says. The proposed rule and guidance...
Limu kohu is most traditionally destined for poke bowls, but the distinctive-tasting seaweed is now increasingly in demand for cattle to reduce the amount of methane they burp into the atmosphere. Parker Ranch cattle are among the first of Hawaii’...
Mavis Bank Coffee Factory, MBCF, will spend $100 million to improve wastewater treatment at the coffee processing plant as it seeks out new markets. The company aims to recoup the investment in an upgraded treatment facility in five years by...
Prime Minister of St Kitts-Nevis Dr Terrance Drew has defended the decision to establish the Citizenship by Investment Unit, referred to as CIU, as a corporate body as his administration will continue to implement the necessary measures that will...
Toyota shareholders voted Tuesday in support of all the company’s proposals, including keeping Akio Toyoda, grandson of the Japanese automaker’s founder, as chairman on the board. Details on the vote tallies were not immediately available. But the...
FosRich USA is now up and running from its base in Tennessee. The associate of FosRich Company Limited has entered the United States in the niche space as a BME, or black and minority ethnic business, targeting Tennessee, New York, Texas, Kentucky...
American banana giant Chiquita Brands must pay US$38.3 million to 16 family members of people killed during Colombia’s long civil war by a violent right-wing paramilitary group funded by the company, a federal jury in Florida decided. The verdict...
The Jamaica Stock Exchange (JSE) has announced that trading of shares in junior market company iCreate Limited will resume on Wednesday. Trading in iCreate's shares was suspended on January 18, with the JSE citing a number of concerns...
China’s central bank kept a key lending rate unchanged on Monday, choosing not to loosen credit as data for May showed signs of persisting weakness in the world’s No. 2 economy’s manufacturing and real estate sectors. The central bank kept its...
Provider of managed technology services tTech Limited says the introduction of the Data Protection Act, DPA, provides an opportunity to earn from assisting companies of all sizes in preventing security breaches and becoming compliant with the law...
Can government officials and policymakers leverage artificial intelligence to enhance national outcomes? It is a question that’s becoming increasingly relevant and requires a decisive response. Recently, a firestorm of public frustration erupted...
Businessman Balram ‘Bali” Vaswani will remain at the helm of Kaya ganja stores in Jamaica after the merger with Canadian magic mushroom firm Silo Wellness. “I’ve been asked to serve as CEO and chairman,” Vaswani confirmed. “My focus is still on...
Low interest rates can be quite a mixed bag. They make it cheaper for people to borrow to acquire assets and to boost consumption, but they may also cause lower investment returns or higher investment returns. They can make individuals better off...
Uber, other overseas and local ridesharing companies, and local private interests are disrupting Jamaica’s transportation sector. These developments are also affecting the island’s $25 billion motor insurance segment. This newspaper’s June 6...
Tesla shareholders voted Thursday to restore CEO Elon Musk’s record US$44.9 billion pay package that was thrown out by a Delaware judge earlier this year, sending a strong vote of confidence in his leadership of the world’s largest electric vehicle...
NCB Financial Group Limited said on Thursday that it has reached a deal with Cornerstone Financial Holdings Limited for the sale of a 30.2 stake in Clarien Group Limited. Its holdings in Bermuda-based Clarien will fall from a majority 50.1 per cent...
