Business

Financial conglomerate Sagicor Group Jamaica Limited, operator of the leading insurance company, reported a rebound in profit and capital for the September quarter, but was subdued in its outlook on business. The group made profit of $4.5 billion...

Saudi Arabia says it will extend a cut in the amount of oil it sends to the world after a series of previous reductions by members of the OPEC+ alliance of major producing countries failed to prop up prices. The group might soon include Brazil. The...

The first of five new production lines being installed under a multibillion-dollar expansion project by beverage manufacturer and consumer products distributor Wisynco Group Limited, was commissioned into operation on Tuesday. The new sweet-...

Electric vehicles have proved far less reliable, on average, than gasolene-powered cars, trucks and SUVs, according to the latest survey by Consumer Reports, which found that EVs from the 2021 through 2023 model years encountered nearly 80 per cent...

The global economy, which has proved surprisingly resilient this year, is expected to falter next year under the strain of wars, still-elevated inflation and continued high interest rates. The Paris-based Organisation for Economic Cooperation and...

First Rock Real Estate Investments is looking to again grow its holdings in Costa Rica through First Rock Latam One SRL, with its newest project being the development of new stores for a KFC franchise operator. The company is deepening its...

Panama’s Supreme Court on Tuesday unanimously declared unconstitutional a 20-year concession for a Canadian copper mine that had sparked weeks of protests by environmentalists and others, who argued it would damage a forested coastal area and...

This year’s monsoon season in India was devastating, with local governments estimating 428 deaths and more than US$1.42 billion in property damage in the region. But India was just one of many developing nations to suffer from extreme weather made...

Power utility Jamaica Public Service Company, JPS, plans to add nearly 300 megawatts of energy to the national electricity grid in support of the government's 50 per cent renewable energy target. It has put out tenders seeking engineering and...

Greenpeace activists have boarded a deep-sea mining ship in the Pacific Ocean between Hawaii and Mexico and say they’ll stay to protest exploration the ship is conducting to support activity that would destroy marine life. Canada-based The Metals...

In 1972, according to the world’s most popular search engine, the National Literacy Board. NLB, was set up to eradicate illiteracy in Jamaica within four years. Two years later, the NLB was restructured and the programme renamed – or rebranded, to...