Business

Updated 2 hours ago

Oil prices rise 8.0 per cent, and Dow drops 800 points after Trump says ceasefire with Iran is ‘over’

Oil prices are rising, and stock markets are dropping worldwide Wednesday after President Donald Trump raised doubts about the temporary truce in the war with Iran.
The S&P 500 fell 1.0 per cent after Trump said the agreement to pause fighting was “over” though he added that he would allow negotiations to continue.

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July 8, 2026

AI increasing demand for human skills - PWC
As artificial intelligence (AI) continues to transform workplaces globally, Jamaican businesses are being urged to rethink how they develop talent and prepare for the evolving labour…
July 8, 2026

A BOJ economist reveals early warning tool for Jamaica’s next financial crisis
A Bank of Jamaica (BOJ) economist has proposed an early-warning tool designed to spot the warning signs of a financial crisis years before it hits, offering policymakers a chance to act preemptively.…
July 8, 2026 by Neville Graham

Walker divests connection to $23b WIPT shares in taking Petrojam’s top job
Danville Walker has divested his interest in an entity holding $23 billion worth of shares in West Indies Petroleum Terminal (WIPT), in taking up the top job at Jamaica’s state-led refinery,…
July 8, 2026

US firm wins J$1.87 billion sole-source contract to upgrade Jamaica’s tax system
Tax Administration Jamaica (TAJ) has awarded a $1.87-billion single-source contract to a United States technology company to upgrade the revenue administration information system that underpins the…
July 8, 2026

It’s Time to Change the Narrative and Renew Public-Private Partnership for the “BPO” Sector
The global services (GS) sector in Jamaica, otherwise known as the business process outsourcing (BPO) sector, employs 50,000 people and generates U$1 billion in forex for the economy. It is the…
July 8, 2026

Canada looks to build pipeline to reduce reliance on USA
Alberta and Ontario proposed a pipeline on Monday to carry western Canadian oil east, seeking to reduce Canada’s reliance on US infrastructure and open new export markets, reviving an idea that was…
July 8, 2026

Microsoft cutting 4,800 jobs
Microsoft is cutting 4,800 jobs, about 2.1 per cent of its global workforce, including a large number of workers at its Xbox video game business. The lay-offs included 1,600 Xbox workers, with more…
Business
July 8, 2026

Former city official sentenced to death in China for taking US$325m in bribes for decades
A former economic development official in the eastern China city of Nanjing was sentenced to death on Monday for taking bribes worth US$325 million over three decades. Yang Youlin was also convicted…
July 8, 2026

Louis Vuitton court victory against Chinese tea chain stirs debate over copyrights
A debate over ownership of traditional Chinese symbols has cropped up after a court ordered a local tea chain to pay French luxury brand Louis Vuitton (LV) US$1.5 million over trademark infringement…