Google took its next leap in artificial intelligence yesterday with the launch of project Gemini, an AI model trained to behave in human-like ways that’s likely to intensify the debate about the technology’s potential promise and perils. The...
Motorists will pay less 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 down by $3.06 to sell for $168.29 per litre and a litre of E-10 90 will go down by $3.06 to sell for $...
HONG KONG: Credit rating agency Moody’s cut its outlook for Chinese sovereign bonds to negative yesterday, citing risks from a slowing economy and a crisis in its property sector. Moody’s said the downgrade, its first for China since 2017, reflects...
COPENHAGEN, Denmark: The labour conflict against Tesla in Sweden is spreading to neighbouring Denmark where transport workers with the country’s largest trade union said yesterday they will take action in solidarity with Swedish workers against the...
DUBAI: Jamaica signed a financial advisory services agreement on Monday with the International Finance Corporation (IFC), the private sector arm of the Washington-based World Bank, for the development and structuring of the National Broadband...
Private equity investor Anthony Dunn and marketing and tourism aficionado Donovan White are now members of the board of junior market-listed company iCreate. Dunn is currently the chief investment officer of Delta Capital Partners Limited and will...
NEW YORK: Bitcoin is once again having a moment. On Monday, the world’s largest cryptocurrency soared past $41,000 for the first time in over a year and a half — and marking a 150 per cent rise so far this year. Volatile bitcoin rocketed from just...
BOSTON: A lawyer for JetBlue Airways said yesterday that the biggest US airlines are using their size to cement their dominance in a post-pandemic world, making it critical that a federal judge allows JetBlue to buy Spirit Airlines. The lawyer,...
HAMILTON, Bermuda: Bermuda Direct Air Service has announced plans to connect the British Overseas Territory with the Caribbean using executive jets with the initial service to the Dominican Republic starting later this month. The company said it is...
DUBAI: The Barbados-based Caribbean Development Bank (CDB) says it is spearheading the development of a regional online monitoring, reporting, and verification (MRV) system for climate finance tracking. The region’s premier financial institution...
C3 Metals, the Canadian mining firm, said that it found more copper and gold after investing millions this year on its Jamaica operations. The Canadians found the metal after assaying two rock samples from drilling several hundred metres...
Mystic Mountain (MM) Limited (company in bankruptcy) has shuttered the St Ann operation with workers made redundant and telephone lines de-registered. MM is an adventure park which caters mostly to tourists, including cruise ship visitors. However...
PARAMARIBO, Suriname: The Suriname government has welcomed the latest assessment of the country’s economy by the International Monetary Fund (IMF) with President Chandrikapersad ‘Chan’ Santokhi thanking the population for the “great sacrifices” to...
WASHINGTON: The Inter-American Development Bank (IDB) said yesterday that the value of goods exports from Latin America and the Caribbean (LAC) fell by 2.7 per cent year-on-year in the first half of 2023 after expanding 17 per cent last year. In...
The United States will work with other governments to speed up efforts to make nuclear fusion a new source of carbon-free energy, US Climate Envoy John Kerry said yesterday, the latest of many US announcements in the last week aimed at combating...
Most business economists think the US economy could avoid a recession next year, even if the job market ends up weakening under the weight of high interest rates, according to a survey released on Monday. Only 24 per cent of economists surveyed by...
Pension funds and investment houses have been buying more real estate as long-term investment strategy. They are among more buyers who purchase for cash, avoiding mortgage arrangements, as realtors report an uptick in cash sales or half-cash in...
Hailed as a world first, European Union artificial intelligence rules are facing a make-or-break moment as negotiators try to hammer out the final details this week – talks complicated by the sudden rise of generative AI that produces human-like...
The world just took a big step towards compensating countries hit by deadly floods, heat, and droughts. Nearly all nations on Thursday finalised the creation of a fund to help compensate countries struggling to cope with loss and damage caused by...
QUESTION: I need your advice on how to successfully start a work and travel business in Jamaica. – Ms D BUSINESSWISE: The best way to successfully start this business is to take a disciplined strategic planning approach. Remember, this is a...
Last week, the Jamaica Information Service, the Government’s news agency, featured the Disaster Vulnerability Reduction Project, DVRP, which is being implemented by the Jamaica Social Investment Fund. I obtained an introduction to the JSIF’s...
With manufacturing kinks still to be worked out, Tesla delivered the first dozen or so of its futuristic Cybertruck pickups to customers Thursday, two years behind the original schedule amid uncertainty over when large-scale production will begin....
The Jamaica Stock Exchange, JSE, uses several media to give investors and potential investors information on the stock market, listed companies and the economy to enable them to make informed investment decisions. The media used include...
The record summer heat was met with empty taps for Jamaican consumers. National Water Commission, NWC, plans to embark on a series of projects over the long term to relieve drought conditions, but there may also be an ancient solution that saves...
