Coinbase, the largest cryptocurrency exchange based in the United States, said Thursday that criminals had improperly obtained personal data on the exchange’s customers for use in crypto-stealing scams and were demanding a US$20 million payment not...
Walmart, which became America’s largest retailer by making low prices a priority, has found itself in a place it’s rarely been, warning customers that prices will rise for goods ranging from bananas to car seats. Executives at the US$750 billion...
Sagicor Group Jamaica Limited’s profit virtually quadrupled to $3.97 billion for the March 2025 first quarter, up from $1.0 billion last year. The quarterly surge was driven by robust performance across the group’s insurance, banking, and...
A new study commissioned by the Caribbean Poultry Association estimates that the sector contributes more than $300 billion to the Jamaica economy, and is in a position to satisfy nearly all of the demand for poultry meat locally. The socio-economic...
Despite a succession of shocks since 2020, the global economy has held up remarkably well – so far. But the margin for error is dwindling. Total global debt is now nearly 25 per cent higher than it was on the eve of the COVID-19 pandemic, when it...
The federal agency tasked with protecting workers’ civil rights has moved to terminate a New York administrative judge who has resisted compliance with directives from the White House, including US President Donald Trump’s executive order decreeing...
Energy products distributor and manufacturing company FosRich is entering into real estate development, starting with a project in Trelawny. The contractor for the complex, China Harbour Engineering Company, is expected to deliver the units 24 to...
Prime Minister Dr Andrew Holness is urging hotel operators to negotiate long-term contracts with farmers who supply them with food produce, saying it would give the farmers security to invest in their operations. “We have to get our hotels to...
General Accident Insurance Company is reorganising its management structure after expanding into the Caribbean. The company’s long-time managing director, Sharon Donaldson, remains the top boss overseeing operations that span three countries, but...
Investors in Trinidad are months away from completing a new solar farm which, at 92 megawatts, is expected to become the largest such facility in the Caribbean. The Brechin Castle Solar Farm, which spans 238 hectares of land at Point Lisas, is a...
Nissan is slashing about 15 per cent of its global work force, or about 20,000 employees, as the Japanese automaker reported a loss Tuesday for the fiscal year that just ended amid slipping vehicle sales in China and other nations, and towering...
Motorists will pay more for gas when they go to the pumps on Thursday. The state-owned oil refinery, Petrojam, says E-10 87 is to move up by $3.06 to sell for $157.33 per litre and a litre of E-10 90 will go up by $3.06 to sell for $163.35....
Tropical Battery Company Limited plans to raise up to $2 billion in a secondary public offer, the proceeds from which will be used to pay down debt. “The capital raised will retire the debt related to the bridge financing, freeing up cash that...
The Financial Services Commission (FSC) is advising pension fund managers to be cautious in their investment decisions so as to safeguard the retirement savings they administer. It comes against the backdrop of changing trade and immigration...
The problem of maritime plastic-waste pollution first became apparent in the 1970s. In the half-century since then, the problem has become ever more widespread, as scientific expeditions conducted by the Tara Ocean Foundation have shown. Large...
A budget airline that serves mostly small cities in the United States, began federal deportation flights Monday out of Arizona, a move that’s inspired an online boycott petition and sharp criticism from the union representing the carrier’s flight...
China is moving to strengthen its alliances with other countries as a counterweight to the United States trade war, presenting a united front with Latin American leaders a day after China and the US agreed to a 90-day truce in their tariffs...
A global trade war is offering Puerto Rico hope as the United States territory attempts to strengthen its fragile economy. Government officials are jumping on planes to try and convince international companies to relocate their manufacturing plants...
Berger Paints Jamaica Limited is making a bigger push into the Caribbean. “We’re going after everything,” General Manager Dwaine Williams told the Financial Gleaner on the sidelines of the company’s annual general meeting. The team at Berger...
NCB Financial Group Limited, NCBFG, has failed to finalise deals to sell two banking subsidiaries. However, the group posted higher profit for its second-quarter ending March 2025, driven by the sale of a third business by its insurance subsidiary...
Barita Investments Limited outlined additional details about its real estate developments, including plans to build a warehouse and a multifunctional complex. The company said it completed significant pre-development work, scoping the nature of...
Wisynco Group Limited reported a net profit of $971 million for the third quarter ended March 2025, reflecting a 17.5 per cent decline year-on-year due to market softening. “In general, there was a softening in the market due to lower demands...
The United States and China agreed Monday to slash their massive recent tariffs, restarting stalled trade between the world’s two biggest economies and setting off a rally in global financial markets. But the de-escalation in the US trade wars did...
The title of this newspaper’s May 7 editorial, ‘Hear from the Chinese Garage’, was ambiguous. The text suggested that local service providers, policymakers, regulators, and others should study the strategies that the foreign garage owners and...
The Trump administration on Thursday proposed a multibillion-dollar overhaul of a US air traffic control system that it said still relies on floppy disks and replacement parts found on eBay and has come under renewed scrutiny in the wake of recent...
