Business
Published 5 hours ago
Federal Trade Commission and 22 states sue Amazon over inflated advertising prices
The US Federal Trade Commission and 22 states filed a lawsuit against online retailer Amazon on Monday claiming that it defrauded advertising customers. The lawsuit, filed in the US District Court in…
Published 5 hours ago
Fast-fashion giant Shein’s shares fall after Hong Kong trading debut that spotlights its China roots
Shares in fast-fashion online retail giant Shein fell as much as 10 per cent after they began trading on Hong Kong’s stock market on Tuesday, after a long delay in the company’s plans to list its…
Published 5 hours ago
Social media companies are trying harder to know which users are kids
The Meta settlement – with protections the company says could become industry standards – will give the social media giant a year to refine its approach. But the options are limited, and improving…
Published 5 hours ago
Apple’s new CEO, John Ternus, takes over from Tim Cook after 15 years
Apple’s new CEO, John Ternus, takes the helm of the iconic tech giant on Tuesday, ending Tim Cook’s 15-year tenure during which the company’s value skyrocket to US$4.6 trillion, thanks to the iPhone’s…
Published 5 hours ago
Digicel appoints former Telefónica officer as group chief business officer
Digicel Group announced on Monday the appointment of Salvador ‘Salva’ Hierrezuelo as group chief business officer. He brings more than 20 years of experience, and his position became effective on…
Published 5 hours ago
Photo
Tourism Enhancement Fund (TEF) Executive Director Dr Carey Wallace (left) and University of Technology (UTech) Professor Shermaine Barrett at the TEF-UTech contract-signing event, at which TEF engaged…
Published 5 hours ago
NCB bond offer draws $11.06b, blowing past target by nearly two-thirds
Investment bank, NCB Capital Markets Limited (NCBCM) has closed a bond offer for NCB Financial Group Limited (NCBFG), attracting $11.06 billion in subscriptions against an initial target of $6.80…
Published 5 hours ago
by Neville Graham
Nearly $6 billion worth of SVL shares remain with major holder
Ian Levy, the third-largest shareholder in Supreme Ventures Limited (SVL), has transferred his direct stake in the company to a holding entity of which he remains the beneficial owner. It forms part…
Published 5 hours ago
BNS flags rising Caribbean mortgage write-downs as parent posts record quarter
The Bank of Nova Scotia (Scotiabank) disclosed slightly higher mortgage impairments in the Caribbean during its July third-quarter on a sequential basis, even as the Canadian parent reported record…