Business
December 9, 2025
Cedric Stephens | The uncountable mental toll of natural disasters
As was expected, the government’s provisional estimate of the damage caused by Hurricane Melissa has increased. In one instance, the numbers climbed from a base of US$6-7 billion to US$8.8 billion. In…
December 9, 2025
UK Labour government tries to fight back with tax-raising budget
Britain’s centre-left Labour government sought to seize the political narrative Wednesday with a tax-raising budget that it hopes will boost economic growth, reduce child poverty and ease…
December 9, 2025
by Steven Jackson
Brace for recession but bank on resilience, says PIOJ
The Planning Institute of Jamaica, PIOJ, says said that while the country should expect a recession, steps are being taken to strengthen the economy’s ability to withstand future weather shocks. The…
December 9, 2025
Alibaba’s cloud business revenue soars, driven by AI boom
China’s Alibaba Group posted a 34 per cent jump in revenue from its cloud business in its most recent quarter, buoyed by the boom in artificial intelligence. But overall revenue at the Chinese tech…
December 9, 2025
After disappointing COP30, experts weigh next steps to curb climate change
After an agreement from UN climate talks in the Amazon that fell short of many nations’ expectations, experts found some bright spots alongside weighty reasons for worry in the fight against global…
December 9, 2025
Consumer confidence slides as Americans grow wary of high costs, sluggish job gains
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…
December 9, 2025
Yoni Epstein | Outsourcing beyond the storm
On October 28, Jamaica witnessed a once-in-a-generation storm, a Category 5 hurricane, the largest to make landfall on the island since Hurricane Gilbert in 1988, and we are just beginning to…
December 9, 2025
Brazil hails ‘significant progress’ after tariff rollback, seeks more exemptions
Brazil’s Vice President Geraldo Alckmin on Friday hailed US President Donald Trump’s order to remove the additional import tariffs on some agribusiness products as “significant progress”, but said the…
December 9, 2025
BOJ holds rates steady amid Hurricane Melissa fallout, expects inflation to return to normal by 2027
The Bank of Jamaica (BOJ) has opted to keep its policy rate unchanged at 5.75 per cent per annum, amid mounting inflation pressures following the passage of Hurricane Melissa. The decision was taken…