Business

Illegal growers of marijuana are being offered the opportunity to formalise their operations through the Alternative Development programme under construction by the MICAF, which is meant to create a supply chain for the medical marijuana and pharma...

Iranians feeling the squeeze from American sanctions targeting the Islamic Republic’s ailing economy are increasingly turning to such digital currencies as bitcoin to make money, prompting alarm in and out of the country. In Iran, some government...

The new hirings of men more than tripled that of women in the latest quarterly jobs survey published by the Statistical Institute of Jamaica, Statin. Combined, the increase in employment of both genders resulted in an overall dip in the number of...

Real estate investment trust Kingston Properties Limited is going after new property purchases in Jamaica and Cayman Islands, while simultaneously disposing of up to another five condominiums in Florida that have been put up for sale. The new...

Chevron was nearly booted from Venezuela in 2007 during a nationalisation drive led by late President Hugo Chávez. Twelve years later, it faces a similar threat from an unlikely corner: the White House. The Trump administration is facing a July 27...

A proposal by the Ministry of Transport and Mining for the listing of the merged operations of Clarendon Alumina Production Limited, CAP, and Jamaica Bauxite Mining Limited, JBM, has been shelved. On Wednesday, Kirk Chambers, the acting director of...

Europe’s biggest airline, budget carrier Ryanair, will cut flights and close some of its bases beginning this winter because of the delay to deliveries of the Boeing 737 Max plane, which has been grounded globally after two fatal crashes. The...

The United States Federal Reserve’s latest nationwide survey, released on Wednesday, reveals that despite growing worries about the impact of President Donald Trump’s trade battles, the overall economy remained solid. The Fed said that many of its...

The first train using new equipment from China pulled out of Havana on Saturday, hauling excited passengers on the start of a 915-kilometre (516-mile) journey to the eastern end of the island as the government tries to overhaul the country’s ageing...

Jamaica may need to add 1.0 gigawatts of power over the next two decades, which would double the current estimated energy output. The new load will include cleaner fuels, such as liquefied natural, LNG, gas and renewables, such as wind, solar and...

Year-old plans to combine Clarendon Alumina Production, CAP, and Jamaica Bauxite Mining Limited and float the merged business on the stock market may have hit a snag related to CAP’s chief asset, Jamalco, which itself was part of a separate...

Banking conglomerate Citigroup said its second-quarter profits rose by 7 per cent from a year ago, helped by higher interest rates, a lower tax rate and a strong economy. Citigroup is the first of the big Wall Street banks to report results this...