Business
December 9, 2025
Sygnus RE wraps positive financial year, aiming for regional expansion
Sygnus Real Estate Finance Limited has closed its financial year on a strong note, with a 150 per cent surge in net profit, buoyed by significant fair value gains on investment properties and joint…
December 9, 2025
Dequity Capital going public through JSE main market IPO
Private equity firm Dequity Capital Management Limited is seeking $657.5 million of equity capital from stock market investors in an initial public offering on the Jamaica Stock Exchange. The offer of…
December 9, 2025
Wendy’s to close hundreds of American stores in bid to halt falling profit
Wendy’s plans to close hundreds restaurants in the United States over the next few months in an effort to boost its profit and make its remaining stores more appealing. The Dublin, Ohio-based chain…
December 9, 2025
UN shipping regulator advocates for industry emissions fee at COP30
The head of the International Maritime Organization, an agency of the United Nations, said Monday he was continuing to “advocate and campaign” for global regulations to move the shipping industry away…
December 9, 2025
Japan’s SoftBank sells shares in Nvidia for US$5.8b, turning its focus to OpenAI
Japanese technology giant SoftBank said Tuesday it has sold its stake in Nvidia, raising US$5.8 billion to pour into other investments. It also reported its profit nearly tripled in the first half of…
December 9, 2025
Flight cuts add strain to supply chain as US shutdown lingers
Several airports with major package distribution centres are on the list of airports that will reduce capacity in the wake of the US Federal Aviation Administration’s announcement of a 10 per cent…
December 9, 2025
China rolls out its version of the H-1B visa to attract foreign tech workers
Vaishnavi Srinivasagopalan, a skilled Indian IT professional who has worked in both India and the United States, has been looking for work in China. Beijing’s new K-visa programme targeting science…
December 9, 2025
Melissa triggers second CCRIF payout, US$150m cat bond
CCRIF Spc, the Caribbean catastrophe risk insurance facility, will make a second payment to Jamaica, this time in relation to rainfall due to Hurricane Melissa. A day later, on Friday, the World Bank…
December 9, 2025
by Luke Douglas
Barnett Tech Park suffers significant hurricane damage
The Barnett Tech Park in Montego Bay suffered significant damage as a result of Hurricane Melissa, leaving more than 6,000 workers in the global services, or outsourcing, sector without a job for now.