Caribbean Assurance Brokers Limited, CAB, is doing due diligence on a targeted business that’s expected to become its first acquisition in nearly two decades of operation. The deal is being pursued simultaneously with internal software upgrades...
Ghana’s National Lottery Authority issued a licence on Wednesday to Game Park Limited, which will be utilising the proprietary platform owned by Supreme Ventures Limited, SVL, to operate two lottery games in that country. Executive Director of Game...
The United States economy slowed sharply from January through March, decelerating to just a 1.1 per cent annual pace as higher interest rates hammered the housing market and businesses reduced their inventories. Thursday’s estimate from the US...
Twitter under its 420-friendly owner Elon Musk became the first major social media company to allow cannabis advertisements earlier this year. Now, the platform is relaxing those rules in an attempt to lure in more advertisers from those states in...
Disney sued Florida Governor Ron DeSantis on Wednesday over the Republican’s takeover of its theme park district, alleging the governor waged a “targeted campaign of government retaliation” after the company opposed a law critics refer to as ‘Don’t...
Two joint venture agreements between the Factories Corporation of Jamaica and Chinese company Henan Fifth Construction Group Company Limited have got the green light from Cabinet for the construction of mixed-use industrial and commercial...
Private equity company Portland JSX Limited dipped into losses at year ending February, which Managing Partner Robert Almeida has linked to headwinds from changing interest rate environments and the damper it has put on business. Since its listing...
A waste management business started by CEAC Outsourcing Limited five years ago has hit a snag, after multiple applications to expand the operations were either denied or stalled by the National Environment...
Despite rising interest rates and its knock-on effect on the cost of financing, the demand for loans in the construction sector has boomed over the past year amid a bullish real estate market. Instead of shying away from the more expensive debt,...
The trilateral Commission for Environmental Cooperation established by the United States, Mexico and Canada has recommended opening an investigation into Mexico’s multibillion-dollar tourist train project on the Yucatán peninsula. Environmentalists...
Century Aluminum Company, a United States-based associate of Glencore, will acquire the majority stake in Jamalco for US$1, stripping former owner Noble Group of the lossmaking alumina refinery. The deal is days away from completion. “A wholly...
An appeals court on Monday upheld Apple’s exclusive control over the distribution of iPhone apps, rejecting the latest attempt to force one of the world’s most powerful companies to dismantle the digital walls protecting its most lucrative product...
In recent months, the development of artificial intelligence has accelerated considerably, with generative AI systems such as ChatGPT and Midjourney rapidly transforming a wide range of professional activities and creative processes. The window of...
The two largest airports in Jamaica generated combined revenue of 3.5 billion Mexican pesos in 2022 for the Mexico-based Pacific Airport Group, GAP, which manages them. The flows translated to about US$195 million in the greenback and $29.6 billion...
General Motors and South Korea’s Samsung SDI plan to invest more than US$3 billion in a new electric vehicle battery cell plant in the United States, the companies said Tuesday. They did not announce the intended location of the new factory, which...
TikTok, Twitter, Facebook, Google, and Amazon are facing rising pressure from European authorities as London and Brussels advanced new rules Tuesday to curb the power of digital companies. They’re among those on a list of the 19 biggest online...
The United States government will “not hesitate to crack down” on harmful business practices involving artificial intelligence, the head of the Federal Trade Commission, FTC, warned Tuesday in a message partly directed at the developers of widely...
Cuba’s fuel shortages have increased dramatically with authorities suspending activities, including a concert by the country’s national symphony, as well as rationing gasolene sales and moving some universities’ classes online. Cubans have...
The Students’ Loan Bureau, SLB, is moving on to the second phase rollout of a loan management system that’s intended to reduce the turnaround time on the processing of loan applications. Usually, it takes an average of two months for student loans...
In a new update on its upcoming digital wallet, the Jamaica National Group said JN Pay will roll out by mid-year but won’t offer remittances right away. The app is being developed by tech company MC Management Control Systems, a member of the JN...
The number of tourists flocking to Jamaica’s sun-drenched beaches soared nearly 100 per cent in the first three months of the year, causing long queues and hours-long waits for arriving passengers at the island’s main airport. Tourism Minister...
The renewal of fisheries licences hovered at a low 20 per cent last year, a new report from the National Fisheries Authority shows, despite efforts by the Government to get more fishers into the formal system. The renewal rate was even worse than...
India will be the world’s most populous country by the end of April, eclipsing an ageing China, the United Nations said Monday. The milestone raises questions about whether India can repeat the economic success that has made China central to the...
CHICAGO (AP): TWITTER HAS long been a way for people to keep track of tornado watches, train delays, news alerts or the latest crime warnings from their local police department. But when the Elon Musk-owned platform started stripping blue...
THERE IS always something happening on the stock exchange. The market is soft, but perhaps because of it, to some extent, some listed companies are buying back their shares from investors, and it seems more positive than negative. The...
