Sweeping taxes on imports have cost the average American household nearly US$1,200 since Donald Trump returned to the White House this year, according to calculations by Democrats on Congress’ Joint Economic Committee. Using US Treasury Department...
Disney is investing US$1 billion in OpenAI and will bring characters such as Mickey Mouse, Cinderella and Luke Skywalker to the AI company’s Sora video generation tool, in a licensing deal that the two companies announced on Thursday. The...
Economists around the world are rightly focused on how AI will reshape labour markets. But the next decade’s most consequential shift may unfold in a different market altogether: equity. By transforming how data are generated and shared, AI could...
Paramount Skydance says the Chinese gaming and social media giant Tencent Holdings withdrew from its bid to buy Warner Bros Discovery to avert a possible national security review. Paramount’s revised filing with the US Securities and Exchange...
Sygnus Real Estate Finance Limited has broken ground on the Lakes Pen Industrial Park project, a 55-acre logistics and industrial development in St Catherine, pledging to deliver serviced lots to buyers by summer 2027. The publicly listed real...
The outlook for Fontana Pharmacy remains positive as its stores in western Jamaica return to normality. “Our Montego Bay store closed for two weeks and is currently operating at reduced hours. We expect this quarter to be impacted,” CEO Anne Chang...
MFS Capital Partners Limited has doubled its earnings in the September quarter, with foreign exchange trading emerging as a key driver of profitability. Revenue in the period rose to $41.43 million, from $21.3 million earned in the corresponding...
Mortgage loans have been growing as an asset class for pension funds, sufficient for the regulator Financial Services Commission to make note of it. They remain a tiny portion, only 0.13 per cent, of pension fund portfolios. But that’s after...
The United States Federal Reserve reduced its key interest rate for the third time in a row Wednesday but signalled that it may leave rates unchanged in the coming months. In a statement released after a two-day meeting, the Fed’s rate-setting...
Published:Wednesday | December 10, 2025 | 12:07 AM
Microsoft on Tuesday announced its biggest-ever Asia investment, amounting to US$17.5 billion, in India over the next four years to advance the country’s cloud and artificial intelligence infrastructure. CEO Satya Nadella revealed this in an X post...
Published:Wednesday | December 10, 2025 | 12:07 AM
PepsiCo plans to cut prices and eliminate some of its products under a deal with an activist investor announced on Monday. The Purchase, New York-based company, which makes Cheetos, Tostitos and other Frito-Lay products as well as beverages, said...
Sangster International Airport in Montego Bay recorded its steepest traffic decline since the onset of the pandemic, with total passengers plunging 73.4 per cent in November, compared with the same month in 2024, according to figures released by...
Published:Wednesday | December 10, 2025 | 12:06 AM
Quick-service restaurant chain Church’s Texas Chicken opened its first store on its return to Jamaica on Monday at the Mall Plaza in Kingston, with the operators stating that it will be the first of 10 stores to be established over the next five...
Published:Wednesday | December 10, 2025 | 12:06 AM
Governments have long recognised that innovation drives economic growth. To nurture it, they have created ministries, agencies, and incubators, offering grants, subsidies, and prizes to innovators with promising ideas. But as one of us observed...
Published:Wednesday | December 10, 2025 | 12:05 AM
The Jamaican government is hoping for a rebound in the travel market, which took a hit during and after Hurricane Melissa. “The winter season outlook remains broadly positive,” said Tourism Minister Edmund Bartlett. Jamaica’s brand remains strong,...
Published:Wednesday | December 10, 2025 | 12:05 AM
Providing support to the smallest of small businesses, even in a time of crisis, is not easy to do, even with the best of intentions. That’s because the population of microbusinesses span a gamut of solopreneurs and cottage operations – many of...
West Indies Petroleum Terminal Limited, a fuel distribution company, will be listing its shares by introduction on the main market of the Jamaica Stock Exchange. The proposed listing covers up to 11.18 billion ordinary voting shares at $0.50 per...
Paramount on Monday launched a hostile takeover offer for Warner Bros Discovery, initiating a potentially bruising battle with rival bidder Netflix to buy the company behind HBO, CNN and DC Studios, and the right to reshape much of the nation’s...
Netflix has struck a deal with Warner Bros Discovery, the legacy Hollywood giant behind Harry Potter and Friends, to buy its studio and streaming business for US$72 billion. The acquisition would bring two of the industry’s biggest players in film...
Consumers in the United States were much less confident in the economy in November in the aftermath of the government shutdown, weak hiring and stubborn inflation. The Conference Board said its consumer confidence index dropped to 88.7 in November...
As the United States renounces its climate commitments, a chain reaction of wavering pledges and scaled-back investments by other donors and multilateral institutions has followed. This trend raises the stakes for everyone else, underscoring the...
‘SBAJ sounds SOS. Small businesses call for cash aid, loan freezes to jump-start commerce’. That statement summarises a request for help by the Small Business Association of Jamaica’s president to government, in the wake of Hurricane Melissa. It...
Christmas and the days around it are merry-but-costly days which can potentially bring harm to your financial well-being, even if there is additional income. Truth be told, it does not have to be that way if there is proper planning and discipline...
If you are a CEO in Jamaica, you could be using the wrong vocabulary. Like many, you are talking about “recovery”: getting back to where you were before the hurricane. But here’s some data: Sony didn’t “recover” after Japan’s post-war devastation....
