Business
January 4, 2026
Tesla falls to BYD as top electric car-maker
Tesla lost its crown as the world’s bestselling electric vehicle maker on Friday as a customer revolt over Elon Musk’s right-wing politics, expiring US tax breaks for buyers and stiff overseas…
January 2, 2026
Hyatt’s US$2-billion Playa sale leaves Jamaica resorts shuttered until late 2026
The Chicago-based Hyatt Hotels Corporation this week closed its US$2-billion sale of the Playa Hotels & Resorts real estate portfolio to Tortuga Resorts, but confirmed that in Jamaica, seven Hyatt…
January 2, 2026
Lee-Chin’s AIC to make payment this month
AIC (Barbados) Limited has formally confirmed its obligation to make principal and interest payments in January totalling US$94.09 million to bondholders, following weeks of tension and a public…
January 2, 2026
Jamaica’s remittances falter steeply as Hurricane Melissa disrupts flows
Jamaica’s remittance inflows, a lifeline for households across the island, fell sharply in October, registering an 8.3 per cent decline compared with the same month last year. It reflects one of the…
January 2, 2026
Proven to book US$61.7 million from real estate developments
Financial services firm Proven Group Limited (PGL) expects to earn US$61.7 million in revenue from the sale of its real estate units in St Ann, which would build on its half-year performance.
January 2, 2026
Supreme to sell Evolve loan portfolio
Supreme Ventures (SVL) announced that discussions are under way to divest the loan portfolio of its subsidiary, Evolve Loan Co, along with select assets, to microlender Dolla Financial Services Ltd.…
January 2, 2026
PayPal applies for banking licence
US-based PayPal Holdings, Inc has formally applied to set up PayPal Bank, submitting applications to both the Utah Department of Financial Institutions and the Federal Deposit Insurance Corporation…
January 2, 2026
US stocks slip during final trading day of 2025
US stocks are slipping in afternoon trading Wednesday as Wall Street closes out a banner year for markets driven by both optimism and uncertainty. The S&P 500 was down 0.2 per cent. The Dow Jones…
January 2, 2026
Two sides of China’s economy
By some measures, China’s economy is looking resilient, with strong exports and breakthroughs in artificial intelligence (AI) and other advanced technologies. But that is not how it feels for many…