Netflix has struck a deal with Warner Bros Discovery, the legacy Hollywood giant behind Harry Potter and Friends, to buy its studio and streaming business for US$72 billion. The acquisition would bring two of the industry’s biggest players in film...
Consumers in the United States were much less confident in the economy in November in the aftermath of the government shutdown, weak hiring and stubborn inflation. The Conference Board said its consumer confidence index dropped to 88.7 in November...
As the United States renounces its climate commitments, a chain reaction of wavering pledges and scaled-back investments by other donors and multilateral institutions has followed. This trend raises the stakes for everyone else, underscoring the...
‘SBAJ sounds SOS. Small businesses call for cash aid, loan freezes to jump-start commerce’. That statement summarises a request for help by the Small Business Association of Jamaica’s president to government, in the wake of Hurricane Melissa. It...
Christmas and the days around it are merry-but-costly days which can potentially bring harm to your financial well-being, even if there is additional income. Truth be told, it does not have to be that way if there is proper planning and discipline...
If you are a CEO in Jamaica, you could be using the wrong vocabulary. Like many, you are talking about “recovery”: getting back to where you were before the hurricane. But here’s some data: Sony didn’t “recover” after Japan’s post-war devastation....
Pioneer Manufacturing Distribution Company Limited, now rebranded as PMD, has formed an alliance with ASE Integral to distribute the Colombian company’s Biro line of cleaning products in Jamaica and, eventually, across the Caribbean. Concurrently,...
The longest shutdown of the United States government on record cost Delta Air Lines an estimated US$200 million, CEO Ed Bastian said Wednesday in the first disclosure by a US airline regarding the shutdown’s financial impact. Bastian told investors...
Barita Investments Limited expects the Bank of Jamaica, BOJ, to defend the dollar against sharp swings, and hold interest rates steady until next year to spur the rebuilding of infrastructure and livelihoods in the wake of Hurricane Melissa. As...
Money is an enigma. But if there is one thing we know for sure, it is that money begets money. The best way to make more of it is to control the money-making machine, as traditional banks have done for centuries. By creating credit money...
Amid continuing market softness, US equities on the Jamaica Stock Exchange notched substantial gains in value, growing their market capitalisation by nearly eight per cent in the first month following Hurricane Melissa, even as other indexes fell....
Behind the hoopla over the promise of artificial intelligence lay difficult realities, including how such technology might affect people already disadvantaged in a data-driven world. A new report by the United Nations Development Programme notes...
Haiti’s transitional presidential council has backed an electoral law in the latest step towards holding a general election for the first time in nearly a decade. The approval late Monday means that the government can finally publish an official...
Mayberry Group Limited, a provider of investment banking and wealth management services, posted a net loss of $751.4 million for the September third quarter, compared to a profit of $145 million in the same period a year earlier. “This was...
IronRock Insurance Company Limited has reported losses of $10.13 million for the third quarter ended September 2025, reversing a profit of $7.8 million in the corresponding period last year. But CEO Christian Watt insists the company remains firmly...
Berger Paints Jamaica Limited entered the final quarter of 2025 on a strong footing, with a near one-fifth spike in revenue in the July-September period, and a five per cent gain year-to-date, positioning the paint and coatings manufacturer for a...
First Rock Real Estate Investments Limited, FREI, has turned the corner in its third quarter, posting a modest profit after a bruising 2024. The company’s pivot to a REIT, or real estate investment trust, model is beginning to bear fruit, according...
India’s telecoms ministry has directed smartphone manufacturers to pre-install a government-run cybersecurity app on all new devices, according to a government order, raising concerns of data privacy and user consent in one of the largest handset...
Ask a room of central bankers how many want a less stable financial system, and you will see few, if any, hands go up. Ask how many support intrusive, costly supervision, endless box-ticking, and process-heavy enforcement, and the result will be...
The world economy has proven surprisingly durable in the face of trade wars initiated by the United States, the Organisation for Economic Cooperation and Development said Tuesday, upgrading its outlook for global and US economic growth this year....
The Prada Group closed the purchase of Milan fashion rival Versace in a US$1.375-billion cash deal that puts the fashion house known for its sexy silhouettes under the same roof as Prada’s “ugly chic” aesthetic and Miu Miu’s youth-driven appeal....
There has been an increase in sales of zinc sheeting since the passage of Hurricane Melissa, as persons push to restore their homes, many of which lost roofs made from the same material during the storm. Industry players say it is unlikely that...
Petroleum marketing company Future Energy Source Company Limited grew revenue by six per cent and profit by 21 per cent to hit new highs at the close of the September quarter. Revenue rose to $8.39 billion, despite what CEO Jeremy Barnes referred...
Pulse Investments Limited has reported a sharp contraction in core revenue for the financial year ending June as it reshapes its business model. The modelling agency and hospitality company reported turnover of $157.5 million, down from $815.1...
