Thu | Dec 7, 2023

Business

Published:Wednesday | November 22, 2023 | 12:08 AM

Argentina’s right-wing president-elect gave the first indications on Monday of how he plans to start shaking up South America’s second-largest economy: with a slew of privatisations. Populist Javier Milei, a libertarian economist and self-...

Published:Wednesday | November 22, 2023 | 12:07 AM

Middle-school student Jeanmaikol Castrillo can quickly point out Venezuela on a map and identify what’s around it – the Caribbean Sea and the countries of Colombia, Brazil and Guyana. But the map with which he is familiar differs greatly from those...

Published:Wednesday | November 22, 2023 | 12:07 AM

Elon Musk’s social media company X filed a lawsuit against liberal advocacy group Media Matters for America on Monday, saying it manufactured a report to show advertisers’ posts alongside neo-Nazi and white nationalist posts in order to “drive...

Published:Wednesday | November 22, 2023 | 12:07 AM

Despite inflation and memories of past holiday travel meltdowns, millions of people are expected to hit airports and highways in record numbers over the Thanksgiving break. The busiest days to fly will be Tuesday and Wednesday, as well as the...

Published:Wednesday | November 22, 2023 | 12:06 AM

The Canadian mining company whose contract with Panama’s government has triggered weeks of protests said Monday that it has reduced operations and soon may have to suspend them due to a blockade of its mine’s power plant. Minera Panama, the local...

Published:Wednesday | November 22, 2023 | 12:06 AM

Earth is speeding to 2.5 to 2.9 degrees Celsius (4.5 to 5.2 degrees Fahrenheit) of global warming since pre-industrial times, set to blow well past the agreed-upon international climate threshold, a United Nations report calculated. To have an even...

Published:Tuesday | November 21, 2023 | 12:07 AM

Microsoft on Monday hired two leading executives from the company that created ChatGPT after one of them was abruptly fired by OpenAI, the start-up whose chatbot kicked off the era of generative artificial intelligence. The developments followed a...

Published:Sunday | November 19, 2023 | 12:11 AM

The board of ChatGPT-maker OpenAI said Friday it has pushed out its co-founder and CEO Sam Altman after a review found he was “not consistently candid in his communications” with the board. “The board no longer has confidence in his ability to...

Published:Sunday | November 19, 2023 | 12:11 AM

President of the United States Joe Biden and other global leaders have spent the past few days melding minds with Silicon Valley titans in San Francisco, their discussions frequently focusing on artificial intelligence, a technology expected to...

Published:Sunday | November 19, 2023 | 12:11 AMSteven Jackson - Senior Business Reporter

The Government of Jamaica plans to install new software that closes loopholes for traffic ticket evaders. It is inviting consultants to tender solutions this month, and stakeholders met on Tuesday to discuss the business case for implementing the...

Published:Sunday | November 19, 2023 | 12:11 AM

A wave of evictions recently hit in Dakar’s bustling Liberté 6 market, a roughly mile-long commercial hub that has served its community for more than 20 years. Hundreds of street vendors’ stalls were bulldozed to make way for a new bus system. The...

Published:Sunday | November 19, 2023 | 12:10 AM

Companies listed on the Jamaica Stock Exchange use several media – some direct, others general – to communicate with the shareholders who own them. Shareholders benefit by knowing more about them and having a voice, while the companies become more...

Published:Sunday | November 19, 2023 | 12:10 AM

QUESTION: I’m a recent university graduate and I eventually plan on starting up a corporate company that can expand across North America. My goal is to live my best life, and to do that I need financial freedom and the freedom to use my time...

Published:Monday | November 20, 2023 | 3:52 PMAvia Collinder - Business Writer

The Bank of Jamaica, BOJ, has rolled out a public information campaign to sensitise users and financial institutions on how to recognise counterfeit polymer banknotes that entered circulation in mid-June. The central bank advises in the meantime...

Published:Sunday | November 19, 2023 | 12:07 AM

Liberty Latin America says its Flow operations in Jamaica and other territories have reached an agreement to sell a large block of cell towers to American company Phoenix Tower International in a deal worth US$355 million. The deal with Flow...

Published:Sunday | November 19, 2023 | 12:07 AM

A video recording is worth many orders of magnitude more than a photograph that, in times past, was said to be worth more than a thousand words. The person who videoed the unhealthy hygiene practised by a vendor at one of Kingston’s popular food...

Published:Friday | November 17, 2023 | 11:04 AM

Shareholders of NCB Financial Group Limited (NCBFG) are getting an early Christmas present, as the Board of Directors has approved an interim dividend payment of $0.50 per ordinary stock unit. The NCBFG Board took the decision at its...

Published:Friday | November 17, 2023 | 12:07 AMSteven Jackson - Senior Business Reporter

Financial conglomerate JMMB Group Limited has grown its country network to four operational territories with the addition of Barbados. The diversification across countries and business lines, management said, was a key factor in the group’s...

Published:Friday | November 17, 2023 | 12:07 AM

Pharmacy chain Fontana Limited reported a rare first-quarter dip in profit, due to increased staff and other costs related to the opening of its newest store in Portmore, St Catherine. A similar dip happened when the company opened its sixth store...

Published:Friday | November 17, 2023 | 12:07 AM

As the world was recovering from the pandemic, inflation shot up owing to widespread disruptions to global supply chains and sudden changes in patterns of demand. While the demand shifts might have posed a challenge to price stability even in the...

Published:Friday | November 17, 2023 | 12:07 AM

A federal judge on Tuesday tentatively approved a portion of the newest plan to restructure US$10 billion of debt owed by Puerto Rico’s power company amid heated negotiations between creditors and the United States territory’s government. The...

Published:Friday | November 17, 2023 | 12:06 AMAvia Collinder - Business Writer

The American market now accounts for 51 per cent of Jamaican Teas Limited’s foreign sales, advances that Export Manager Jonathan Mahfood has linked to the company’s expanding range of packaged soups and diversification of the Caribbean Dreams brand...

Published:Thursday | November 16, 2023 | 12:08 AM

Venezuela’s vice president on Wednesday vowed that her country will press ahead with a referendum on the future of a large tract of mineral-rich territory that it claims in a long-running dispute with neighbouring Guyana. Vice President Delcy...

Published:Wednesday | November 15, 2023 | 12:10 AM

One year after declaring its concern about the effect of advertising in the gambling industry, the Betting, Gaming and Lotteries Commission, BGLC, has taken took another step towards tighter regulation. Stakeholders have until December 1 to make...

Published:Wednesday | November 15, 2023 | 12:10 AM

Depositors in the Ocean’s Edge Country Club residential development have started to receive their refunds. The project at Discovery Bay, St Ann, has been stalled for 13 months with little information coming to depositors who paid down between US$50...

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