Haiti’s government on Thursday doubled down on the construction of a canal on Haitian soil that would divert water from a river it shares with the Dominican Republic, which, in response last week, shuttered land, air and sea borders between both...
Many experts believe that the US dollar’s global hegemony, which has endured for nearly 80 years, is finally coming to an end. This outcome is not impossible: economic crises, increased domestic polarisation, and strong geopolitical headwinds could...
Regional insurance facility CCRIF SPC has expanded its portfolio to incorporate coverage for water utilities, a facility backed by the Foreign Commonwealth...
The Jamaica Bankers Association, JBA, has not put a cost on the ongoing job of deploying new machines and technology for handling the polymer notes released by the Bank of Jamaica, but says the banks are feeling the sting. It’s said to cost up to...
The Jamaica Co-operative Credit Union League, JCCUL, is exploring options around offloading some 276 acres of land it owns at Cross Pen in Clarendon. JCCUL, which is the umbrella association for credit unions, has been the registered proprietor of...
Published:Thursday | September 21, 2023 | 12:08 AM
Inflation across the United Kingdom fell unexpectedly in August to its lowest level since Russia launched its invasion of Ukraine, a development that has reined in expectations of a 15th straight interest rate increase from the Bank of England in...
Published:Wednesday | September 20, 2023 | 3:17 PM
State-owned oil refinery, Petrojam, has announced increases in the prices of all its products, effective Thursday. Petrojam, says E-10 87 is to move up by $2.57 to sell for $193.64 per litre and a litre of E-10 90 will go up by $2.68 to sell for $...
The Government of Jamaica has finally invited bids from investors for the provision of an additional 100 megawatts of renewable energy capacity, ending a yearslong wait by the sector. It comes amid refreshed plans and a more ambitious goal to...
Now deep into the execution of its long-term plan to grow its manufacturing division by 60 per cent, Jamaican Teas has been thrown a curve ball: CEO of the division, Diana Blake-Bennett, is leaving the company. Her resignation takes effect on...
Don Gittens, CEO of Manpower and Maintenance Services Group Limited, says the company has restructured its operations to add residential cleaning services for villas, condominiums, Airbnb properties and households. Gittens left Jampro in March to...
Published:Wednesday | September 20, 2023 | 12:07 AM
GraceKennedy Limited will be buying back as much as one per cent of its shares over the span of one year, adding to the growing but still small list of stock market companies seeking to wring value from their shares. The announced proportion...
Published:Wednesday | September 20, 2023 | 12:07 AM
Real estate investment trust Kingston Properties Limited, KPREIT, has close the acquisition on its fifth property in the Cayman Islands, a deal CEO Kevin Richards describes as the company’s largest in that market to date. The company has purchased...
Published:Wednesday | September 20, 2023 | 12:06 AM
Google is introducing Bard, its artificially intelligent chatbot, to other members of its digital family — including Gmail, Maps and YouTube — as it seeks to ward off competitive threats posed by similar technology run by Open AI and Microsoft....
Published:Wednesday | September 20, 2023 | 12:06 AM
The tiny Pacific island nation of Niue has come up with a novel plan to protect its vast and pristine territorial waters – it will get sponsors to pay. Under the plan, which was being launched by Niue’s Prime Minister Dalton Tagelagi on Tuesday in...
Published:Wednesday | September 20, 2023 | 12:06 AM
The Walt Disney Company is planning to invest approximately US$60 billion into its theme parks and cruise lines over the next decade, as the company looks to continue growing one of its more successful business segments. The company said in a...
Published:Wednesday | September 20, 2023 | 12:06 AM
The historical records show that family-owned businesses, FOBs, have been contributing to Jamaica’s economic development in pre and post-political Independence. However, the recognition given to FOBs as a group of businesses has not been...
Brazilian President Luiz Inácio Lula da Silva met with his Cuban counterpart on Saturday in Havana, signalling a revitalisation of ties between the two countries in the first trip by a Brazilian president to the Caribbean nation in nine years. Lula...
General Accident Insurance Company Limited has no immediate plans or need to raise capital when it migrates to the main market of the Jamaica Stock Exchange, Chairman Paul B. Scott has said. At the company’s annual general meeting on Friday, Scott...
The news gods told me to write about cyber risks today. My first article on the topic, a two-part piece titled ‘Many Risks Lurk in Cyberspace’, was written on January 1, 2010. Five more followed. The most recent, ‘Cyber Protection is Everybody’s...
The fabric of our global food system is fraying under the strain of climate change and an ever-expanding population. To prevent it from unravelling, we must embrace distributed renewable-energy solutions, which are critical for reducing greenhouse...
Offshore wind projects need more federal funding and planning assistance to ensure they get built, the Democratic governors of six northeastern states told the Biden administration, warning that a cornerstone of the climate change fight could be in...
A judge in the United States ruled that Argentina must pay US$16.1 billion to minority shareholders of state-controlled oil company YPF due to the government’s 2012 nationalisation of a majority stake in the firm. US District Judge Loretta Preska...
The European Union on Friday decided not to renew a ban on Ukrainian food heading to nearby countries that have complained that an influx of agricultural products from the war-torn nation has hurt their farmers. The move sets up a clash with Poland...
Psilocybin tea, wind chimes and a tie-dye mattress await those coming to an office suite in Eugene to trip on psychedelic mushrooms. For roughly six hours, adults over 21 can experience what many users describe as vivid geometric shapes, a loss of...
