Business

Updated 6 hours ago

Flow Jamaica revenue slips to US$103m as Hurricane Melissa weighs on subscribers

The telecoms provider Flow Jamaica posted revenue of US$103.2 million for the first quarter of 2026, or 2.0 per cent lower than a year earlier. 
It comes as the lingering effects of Hurricane Melissa kept tens of thousands of subscribers offline and depressed the top line for a second consecutive year of hurricane disruption.

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Updated 6 hours ago

First Rock targets US$28 million in deals as company returns to profit
First Rock Real Estate Investments Limited is in negotiations to acquire income-generating commercial properties in Costa Rica and Martinique with a combined estimated value of about US$28 million,…
Updated 6 hours ago

Butterfield to acquire CIBC Caribbean in US$1.8-billion deal
The Bank of N.T. Butterfield & Son Limited has agreed to buy the CIBC Caribbean Bank Limited, creating one of the Caribbean's largest banking groups with roughly US$29 billion in combined…
Business
Updated 6 hours ago

Fontana posts first profit gain since Hurricane Melissa
Fontana Ltd, which operates a chain of pharmacies, has returned to higher profit following the fallout from Hurricane Melissa.  Net profit for the third quarter rose 11 per cent to $114.1 million…
Updated 6 hours ago by Luke Douglas

Sanmerna seeks land for new factory, eyes export markets
Sanmerna Paper Products Limited unveiled a three-year time frame for the expansion of its factory as the company moves to re-enter regional export markets. "We need land space to build a bigger…
Updated 6 hours ago

Cedric Stephens | Jamaica's traffic crisis is a national risk event
Jamaica is not just dealing with traffic congestion — we are confronting a growing national risk exposure. Every morning and evening, the country bleeds time, productivity, and money as thousands of…
Business
Updated 6 hours ago

Introducing Argus, a robot with 20 legs and eyes built to move and see in any direction instantly 
A robot being developed at Duke University is almost ready to face the world, in any direction. Instead of trying to copy symmetrical shapes from nature by building robots that look like people, dogs…
Business
Updated 6 hours ago

SpaceX's Starship rockets are grounded pending investigation after test flight
SpaceX Starship launches are on hold pending an investigation into last week's test flight. The Federal Aviation Administration (FAA) announced on Wednesday that the hour-long space flight…
Business
Updated 6 hours ago

Supreme Court rejects Meta's appeal in Vermont social media addiction case
The Supreme Court on Tuesday rejected a push to avoid a lawsuit alleging that Facebook and Instagram harmed young users, a decision that comes as social media companies increasingly face legal…
Updated 5 hours ago

Ferrari's first electric vehicle met with market scepticism
Ferrari, on Tuesday, presented its first-ever fully electric car to Italy's president and Pope Leo XIV. Yet it's still waiting for the ultimate approval from someone less high-profile: the…