Real estate investment trust Kingston Properties Limited, KPREIT, says its acquisitions in the United Kingdom have been performing slightly better than its holdings in Jamaica and the Cayman Islands and are contributing to the overall positive...
France’s government ordered black partition walls erected around Israeli defence industry exhibits displaying offensive weapons at the Paris Air Show, because of the war in Gaza and rising tensions in the Mideast. Israel’s Defence Ministry demanded...
Although much has changed as many households now rely on dual incomes, the traditional model of fathers being the primary source of household income has not died. But fathers are more than providers. Theirs is the critical role of shaping the...
Meta is making a US$14.3 billion investment in artificial intelligence company Scale and recruiting its CEO Alexandr Wang to join a team developing “superintelligence” at the tech giant. The deal announced Thursday reflects a push by Meta CEO Mark...
QUESTION: What do you think the effect will be, if any, that an influx of deportees will have on the economy? – Reader BUSINESSWISE: What will happen to Jamaica if they all come home? That is a timely and constructive question, which demands our...
Today’s article is a gift to the people of Jamaica – especially to those families that struggle with tragic losses caused by hit-and-run drivers and the thousands of other victims of road accidents who wrestle to get compensation but end up empty-...
VM Investments Limited, VMIL, will be pursuing a more aggressive expansion programme and digital transformation as the two key pillars to drive business, CEO Rez Burchenson has said. VMIL wants to grow the company’s asset-management operations at...
The sale of JN General Insurance Company Limited, JNGI, to British Caribbean Insurance Company Limited and ICD Group Holdings Limited was finalised on June 6, paving the way for its rebranding. Over the next few months, JNGI will be renamed BCIC...
A few years ago, there was an overarching global consensus on trade: the freer, the better. Only nerdy economists spent much time agonising over the details of trade policy, and special interest groups were pretty much alone in advocating...
The truck divisions of Japan’s Toyota and Daimler of Germany have agreed to merge to form “a new strong Japanese truck powerhouse” to work together in vehicle development, procurement and production. Details, including the scope and specifics of...
Nearly one million books published as early as the 15th century — and in 254 languages — are part of a Harvard University collection being released to AI researchers. Also coming soon are troves of old newspapers and government documents held by...
The majority of justices on Brazil’s Supreme Court have agreed to make social media companies liable for illegal postings by their users, in a landmark case for Latin America. Brazil’s top court decided to rule on two different cases to reach an...
Illicit cigarettes now account for roughly one in four cigarettes on the market, which generates earnings of around US$1 million per container shipment for the importers, Carreras has said. “They have a lot of wiggle room for pricing,” said...
Caribbean countries need to digitalise government and banking services to reduce the cost of financing and doing business in the region, says Deputy Managing Director of the International Monetary Fund Dr Nigel Clarke. Noting that the region has...
The Lasco affiliated companies, individually engaged in manufacturing, distribution and financial services, experienced mixed financial results for the year ending March, and have a cautious outlook on the current period. Lasco Manufacturing...
The sale of Massy Distribution Jamaica Limited to Caribbean Distribution Partners Limited, CDPL, is being assessed by the Fair Trading Commission. The pharmaceutical and consumer products distributor is owned by Massy Holdings Limited of Trinidad...
Getty Images is facing off against artificial intelligence company Stability AI in a London courtroom for the first major copyright trial of the generative AI industry. Opening arguments before a judge at the British High Court began on Monday. The...
Widebase Limited, which is wholly owned by Mayberry Group Limited, has become the largest shareholder in microfinancing company Dolla Financial Services Limited. It now owns 21 per cent of Dolla, up from 14 per cent, but the company has said it...
Disney and Universal filed a copyright lawsuit against popular artificial intelligence image-generator Midjourney on Wednesday, marking the first time major Hollywood companies have entered the legal battle over generative AI. Filed in federal...
Access Financial Services Limited, as part of its 25th anniversary celebrations, will be selecting 300 customers who will receive either discounts on interest or get their loans interest-free. Its business customers typically fall within the micro...
Months before hosting the United Nations’ first climate talks held in the Amazon, Brazil is fast-tracking a series of controversial decisions that undercut President Luiz Inácio Lula da Silva’s environmental rhetoric and show widening divisions...
Big Tech company Apple Inc has recently purchased and retired 100,000 carbon credits from Guyana, a move that Vice President Dr Bharrat Jagdeo says has significantly boosted the country’s international profile and enhanced the credibility of its...
The United States is at a turning point. For reasons that future historians will debate – and that will leave many dumbfounded – the country is attacking the very foundations of its strength: its openness, its institutions, and its global...
The trade wars launched by the United States are expected to slash economic growth this year in the US and around the world, the World Bank forecast Tuesday. Citing “a substantial rise in trade barriers” but without mentioning Trump by name, the...
After stumbling out of the starting gate in Big Tech’s pivotal race to capitalise on artificial intelligence, Apple tried to regain its footing on Monday during an annual developers conference that focused mostly on incremental advances and...
