FTX founder Sam Bankman-Fried testified at his New York trial on Friday, denying that he defrauded anyone but acknowledging that the innovative business he had hoped would move the cryptocurrency ecosystem forward ended up hurting customers instead...
Like most, your company doesn’t have a true product development unit. Instead, folks just run their ideas by the CEO. It’s all quite ad hoc in which the next steps depend on their mood at the moment more than anything else. But as you survey the...
Guardsman Group wants a portion of the cash local companies are doling out to protect their businesses from cybercrime. Concurrently, the security company is broadening its offerings to improve its onsite protection services. Guardsman company has...
“We love battery EVs.” Takero Kato, the executive in charge of electric vehicles at Toyota, said that not once, but twice, to emphasise what he considers the message at this year’s Tokyo auto show. It’s a message ringing clear at the Tokyo Mobility...
A first- and second-quarter slowdown in the construction sector coincided with a fall in profit at manufacturing and distribution company Paramount Trading Jamaica Limited at the kick-off of its current financial year. The company did 28 per cent...
The Financial Gleaner of September 29, 2023, carried a report stating that food manufacturing and distribution company Seprod received approval from its shareholders to increase its authorised share capital. This will allow the company to put more...
Today’s article will examine interactions between a motorist and the insurance compensation system, as reported in last Sunday’s Observer. My aim is to provide readers with information that helps them avoid the experiences of that motorist and to...
Recently, Prime Minister Andrew Holness announced that Jamaica was looking to include small modular reactor or SMR nuclear power plants among Jamaica’s energy sources. This was repeated by Energy Minister Daryl Vaz in a sectoral debate....
Call Center Solutions, CCS, a business process outsourcing company headquartered in Florida but with service centres in Jamaica only, is expanding in Montego Bay, adding a new location to support its resort clientele. CCS President Paul Wohlford...
Jamaica Standard Products Limited, JSP, is venturing into what General Manager John Minott says is its first full-blown café, to be called Island Blue Coffee House, a brand to be tested initially in the coffee company’s home parish of Manchester....
Fluctuations in commodity prices arising from the war between Israel and Hamas and a downturn in remittance flows could negatively affect Jamaica’s growth prospects, staff of the International Monetary warned on Thursday. Already, remittance...
Petroleum marketing company Rubis Energy Jamaica Limited will start construction on a new service station adjacent to the Portmore toll plaza early in the new year. The investment was not disclosed. Its last station developed at Catherine Hall in...
The European Central Bank left interest rates unchanged on Thursday for the first time in over a year as the Israel-Hamas war brought even more gloom to the downbeat prospects for Europe’s economy. It is the bank’s first meeting with no change...
Bitcoin is having another moment. The world’s largest cryptocurrency soared to almost US$35,000 this week, marking its highest point in nearly 18 months – and more than double the price seen at the start of 2023. The cryptocurrency rocketed from...
Outsourcing Management Limited, which trades as itel, recently overhauled its books following concerns raised by key investors. The disclosure was made on Tuesday by one of those investors, equity fund Portland JSX Limited, which is operated by...
Jamaica Stock Exchange Limited, which operates as JSE Group, is prospecting for business within the Caribbean as a custodian of investment securities. The intent to go regional was first disclosed during the capital markets conference co-hosted by...
Within days, the disputed takeover of minority holdings in Petrojam by the Jamaican government is likely to get a hearing from an international arbitration panel. It comes amid new disclosure by the Ministry of Finance that PDV Caribe SA, a...
Hong Kong’s leader on Wednesday cut taxes for some homebuyers and stock traders to boost markets as the city seeks to maintain its reputation as a global financial hub. Chief Executive John Lee said the extra stamp duties imposed on non-resident...
Motorists will pay $0.25 more for gas when they go to the pumps on Thursday. The state-owned oil refinery, Petrojam, says E-10 87 will sell for $183.02 per litre while a litre of E-10 90 will go for $189.10. Automotive diesel oil will move...
Chinese President Xi Jinping recently sought to assure a bipartisan delegation of US senators that China and the United States could still avoid a military confrontation despite the rising tensions between them. “The Thucydides Trap,” he said, “is...
Consumer and business confidence indices inched up marginally in the third quarter of 2023 but crime continues to weigh on the growth of the indices. Consumer and business confidence hit 161.1 points and 144.7 points, respectively. Both indices...
In a courtroom showdown five years in the making, Donald Trump’s fixer-turned-foe Michael Cohen testified Tuesday that he worked to boost the supposed value of the former president’s assets to “whatever number Trump told us to”. It was a fraught...
The parties forming Spain’s acting government said Tuesday that they will push for a 37½-hour workweek as part of an agreement the coalition partners struck as they try to remain in power following an inconclusive election in July. Spain has had a...
Coca-Cola raised its full-year revenue forecast Tuesday after a stronger-than-expected third quarter. The Atlanta-based maker of Coke said it now expects its organic revenue will be up 10 per cent to 11 per cent for the year. That’s up from the...
Dozens of US states, including California and New York, are suing Meta Platforms Inc for harming young people’s mental health and contributing to the youth mental health crisis by knowingly designing features on Instagram and Facebook that addict...
