Business
August 21, 2026
Spur Tree Spices aims for strong second-half to hit $2b target
Spur Tree Spices Ltd aims to cross $2 billion in annual revenue for the first time, but achieving it requires growing by at least 13 per cent over the second half of last year. “Our goal for this year…
August 21, 2026
Guardian approaches 80% settlement rate on Melissa claims
Regional insurance provider Guardian Holdings Ltd has settled more than 70 per cent of insurance claims arising from Hurricane Melissa, Group CEO Ian Chinapoo said last Friday. “So, as of June, we…
August 21, 2026
Seprod profit rises 16%, group trims debt
Seprod Limited reported net profit of $688 million for the second quarter ended June 30, 2026, a 16 per cent increase over the year-earlier levels, as disciplined expense management compensated for a…
August 21, 2026
PROVEN returns to profitability on US$9.4-million gain from Roberts Manufacturing partial sale
PROVEN Group Ltd swung to a net profit of US$8.2 million for the first quarter of fiscal year 2027, reversing a loss of US$2.6 million in the corresponding period a year earlier. The turnaround rested…
August 21, 2026
Charlene Ashley | Is AI making you pay more?
Imagine two passengers boarding the same flight. Same airline. Same aircraft. Same departure time. Same destination. One paid US$463. The other, US$892. We have accepted this for decades. Perhaps one…
August 21, 2026
US debt surpasses US$40-trillion mark
The national debt surpassed a record US$40 trillion on Wednesday, a staggering milestone as defence costs, social programmes like Social Security and Medicare, and interest on the burgeoning deficit…
August 21, 2026
Walmart cautious with expectations after slowest sales growth in six years
Walmart reported its slowest growth in United States comparable sales in six years during its most recent quarter, and the retailer’s guidance for the rest of the year was seen as cautious by Wall…
August 21, 2026
Alibaba quarterly profit drops 75% as AI investment spending grows
China’s technology giant Alibaba on Thursday reported a 75 per cent drop in profit for the latest quarter as it invested big in artificial intelligence (AI) infrastructure, even as revenue coming from…
August 21, 2026
Higher yields in bond market and drop for Walmart drag US stocks lower
A rise in oil prices on Thursday is sending worries about inflation and yields in the bond market higher, erasing some of the relief the United States Treasury Department created the day before. The…