Business

Palace Amusement Company (1921) Limited spun to a loss at year ending June as revenue fell and expenses climbed. The cinema operator bled $146.95 million for the financial year, marking a reversal from the $60.32 million profit posted in FY2024....

When a photographer recently captured US Treasury Secretary Scott Bessent reading a text message at the United Nations General Assembly, the image inadvertently revealed the scale of America’s deepening agricultural crisis. “We bailed out Argentina...

Russian oil company Lukoil says it is selling its international assets in response to sanctions imposed by the United States that aim to push Russia to agree to a ceasefire in its war against Ukraine. The company said in a statement that it was...

Markets in Argentina rallied, the peso surged, and government bonds jumped on Monday as President Javier Milei hailed his party’s resounding victory in midterm congressional elections as a mandate to press ahead with radical free-market reforms of...

Unearthing cases of price gouging depends on alert consumers who make complaints to the Consumer Affairs Commission, CAC, the government watchdog. Amid the approach of Hurricane Melissa, which resulted in an influx of shopping to top up on food and...

Poverty and inequality fell in Jamaica, but weather events – particularly hurricanes – are driving cycles of food insecurity and economic hardship, according to the World Bank’s Poverty and Equity Brief released in October. “Climate-related weather...

The stock market remains closed for a second day as the effects of Hurricane Melissa continue to be felt across Jamaica. The Jamaica Stock Exchange said in an advisory that no trading would take place on the market today. The market was also...

We know that the hurricane season runs from June to November each year, but many wait until a hurricane or storm is heading seriously to Jamaica to begin to prepare. Personal financial crises do not have a season, do not put the entire country at...

Five years from now, the most effective local organisations won’t be the ones with the most detailed plans. They’ll be the ones that treat strategy like a testable hypothesis. To explain why, here’s an example – and some theory – you and your C-...

The next stage of the global AI race will be decided not by algorithms or chips, but by electricity – and that puts China at a distinct advantage. While Western tech giants are emphasising closed, capital-intensive models that demand enormous...

A marketer of shark-repellant sunscreen. A maker of chocolate-flavoured whiskey. A seller of a drink that promises to quickly lower blood-alcohol levels. Until recently, these businesses had significant losses and floundering stock prices in common...

Jamaica’s creative economy contributes $107 billion (US$690 million) in economic value to the economy, according to a new report released by the Cultural and Creative Industries Alliance of Jamaica, CCIAJ, an industry group that advocates for the...