Shareholders and axed directors were left stunned as former CEO, Tyrone Wilson, staged a surprise return to the board of beleaguered technology company, iCreate. Wilson's return has been accompanied by the removal of four directors from the...
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...
The private equity firms seeking to acquire Digicel Group have appointed technology guru Rajeev Suri as the telecoms chairman-designate to replace founder Denis O’Brien. However, the restructuring and takeover of the debt-ridden company is still a...
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...
Seprod Limited plans to become a US$1-billion, revenue-generating company in about two years, which requires doubling its annual sales. The food manufacturing and distribution company, which produces brands such as Chiffon margarine, Betty...
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-...
Central banks have drastically changed the way they implement monetary policy. Since the 2008 global financial crisis, the US Federal Reserve and the European Central Bank have been providing liquidity directly to banks and other financial...
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...
Amazon finally has its answer to ChatGPT. The tech giant said on Tuesday it will launch Q, a business chatbot powered by generative artificial intelligence. The announcement, made in Las Vegas at an annual conference the company hosts for its AWS...
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...
Motorists will pay $0.25 more for gas when they go to the pumps on Thursday. The state-owned oil refinery, Petrojam, says E-10 87 will sell for $171.35 per litre while a litre of E-10 90 will go for $177.46. Automotive diesel oil will move...
India-born Singaporean business executive Rajeev Suri has been appointed Chairman of the Digicel Group. Suri, a former president and chief executive officer of Nokia, replaces Denis O'Brien, who will continue on the board and remain a...
Juice maker Trade Winds Citrus Limited says fruit supplies continue to fall, affecting both local supplies and exports. The volumes of citrus sold by the company was down nine per cent last year, but revenue still climbed by 10 per cent, said...
Published:Wednesday | November 29, 2023 | 12:09 AM
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...
Published:Wednesday | November 29, 2023 | 12:09 AM
The net worth of Cargo Handlers Limited, CHL, now hovers at just under $1 billion, arising from a twenty per cent growth in capital at year ending September despite a small slip in profits. The wharf operator, which is nearly debt-free, also has a...
Published:Wednesday | November 29, 2023 | 12:08 AM
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...
Published:Wednesday | November 29, 2023 | 12:07 AM
Already on a long winning spree, capital has just scored another big victory in a clash over the ethics of artificial intelligence. In the drama over OpenAI CEO Sam Altman’s sudden firing and rehiring, a nonprofit company with a mission to...
Published:Wednesday | November 29, 2023 | 12:07 AM
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...
Published:Wednesday | November 29, 2023 | 12:07 AM
Dubai continued preparations to host the COP28 climate talks Tuesday as some world leaders including United States President Joe Biden signalled they would not be attending the negotiations that come during the ongoing Israel-Hamas war roiling the...
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...
Published:Wednesday | November 29, 2023 | 12:05 AM
Tesla on Monday filed a lawsuit against the Swedish state via Sweden’s Transport Agency as striking postal workers in the Scandinavian country halted the delivery of licence plates of new vehicles manufactured by the Texas-based automaker. Tesla is...
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...
As the Google antitrust trial winds down, corporate opposition to antitrust reform in the United States is winding up – and not by coincidence. With the trial having once again revealed the prevalence of anticompetitive behaviour in the tech...
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...
Jamaica Bauxite Mining Limited, JBM, is moving ahead with two of its commercial projects that have been in the works for a while, with a search for joint venture financing partners now under way. The indicative cost of the projects is about $4...