Business
17 Sep, 2026
0
Fed defies Trump with first rate rise in 3 years
The Federal Reserve raised its benchmark interest rate Wednesday for the first time since 2023 in an effort to quell stubbornly-high inflation, a move that could spur a sharp response from the White…
16 Sep, 2026
0
Island Grill targets 30 stores by 2030 in stepped-up expansion
Island Grill plans to grow its restaurant network by two-thirds to 30 outlets by 2030, a target that overtakes the goal the chain set a year ago. Chief Executive Officer Tania Waldron-Gooden told the…
16 Sep, 2026
0
Stronger Jamaican dollar contributed to BOJ loss
The Bank of Jamaica said it booked a $6.9-billion loss in the eight months to August, driven mainly by writedowns and currency movements. “The losses year to date have arisen primarily from unrealised…
16 Sep, 2026
0
FSC sets up innovation unit, sandbox for new financial products
The Financial Services Commission (FSC) has established two departments – an Innovation Unit and a Market Growth & Development Department – to give securities, insurance and private pension firms…
16 Sep, 2026
0
Fontana sales hit record, but costs weigh on profit
Fontana Limited generated record revenue but lower profit across its enlarged 11-store pharmacy network. It plans to cut costs going forward. “The next phase will focus on inventory optimisation,…
16 Sep, 2026
0
Omni sees local growth but shrinking oversees sales
Omni Industries Limited has cut its export ambitions by half and stretched the deadline, telling shareholders it now wants overseas sales to reach 10 per cent of revenue within five years – down from…
16 Sep, 2026
0
Microsoft commits to sweeping AI privacy rules for students
Millions of students every day turn to AI chatbots for help with schoolwork, emotional support and personal advice – often unaware of where their conversations and other personal information end up.…
16 Sep, 2026
0
When the crash scene becomes a ‘witness’
Kenute Hare’s new book deserves attention because it asks a question Jamaica can no longer afford to treat as technical: When people die or are injured on the roads, are we investigating crashes well…
16 Sep, 2026
0
Africa’s biggest oil refinery opens to public ownership, sparking excitement among retail investors
Nigerian industrialist Aliko Dangote opened his refinery to public ownership on Monday with plans to raise US$1.6 billion from retail investors across the continent in Africa’s biggest initial public…