Business

With the United States unhinged, China increasingly authoritarian, and Russia in full Dr Evil mode, the world desperately needs a good guy to believe in. There is only one candidate for the job: Europe. No other country or region is free,...

A federal court has ruled that US Federal Reserve Governor Lisa Cook can remain in her position while she fights President Donald Trump’s efforts to fire her. The ruling, which will almost certainly be appealed, is a blow to the Trump...

Natural gas supplier New Fortress Energy, NFE, earned 60 cents on every dollar invested in Jamaica in the buildout, operation, and eventual divestment of the majority of the country’s LNG infrastructure. “The book value of the Jamaica business at...

Pan Jamaica Group Limited delivered profit of $2.01 billion for shareholders in the second quarter ending June, up 91 per cent from the same period last year. CEO Jeffrey Hall called the result a “milestone” as it surpassed previous records and...

The Jamaica Stock Exchange, JSE, began the transition to new leadership on Monday, closing out a two-decade run by Marlene Street Forrest, who twice took the Jamaican stock market to world leader status. Her replacement, Livingstone Morrison, whose...

Postal traffic into the United States plunged by more than 80 per cent after the Trump administration ended a tariff exemption for low-cost imports, the United Nations postal agency said Saturday. The Universal Postal Union, UPU, says it has...

Banking conglomerate Scotia Group Jamaica Limited, SGJ, posted steady third-quarter profit of $5.6 billion, a gain of just two per cent. There was a downward revision in the group’s pension plan assets by $19.4 billion, following the application...

Alternative investment company Sygnus Credit Investments Limited, SCI, suffered a 29 per cent contraction of its bottom line at the end of its financial year June, amid write-offs of impaired investments. Sygnus Group’s Chief Investment Officer,...

European Union regulators on Friday hit Google with a €2.95 billion (US$3.5 billion) fine for breaching the bloc’s competition rules by favouring its own digital advertising services, marking the fourth such antitrust penalty for the company. The...

American employers added just 22,000 jobs last month as the labour market continued to cool due to uncertainty over US President Donald Trump’s economic policies. Hiring decelerated from 79,000 in July, the United States Labor Department said...

Retirees need a steady, reliable flow of income. It can come from several different streams, but must be able to suit the needs of the retiree effectively because not all retirees have the same priorities. Retirement is the spending phase of the...

Why has Jamaica trailed Barbados on the path to sustained growth? Orlando Patterson, the John Cowles Professor of Sociology at Harvard University, and who served as special adviser to former Prime Minister Michael Manley, posed and answered this...