Sun | Sep 14, 2025

Business

Published:Sunday | September 14, 2025 | 12:10 AM

OpenAI has reached a new tentative agreement with Microsoft and said its non-profit, which technically controls its business, will now be given a US$100 billion equity stake in its for-profit corporation. The maker of ChatGPT said it had reached a...

Published:Sunday | September 14, 2025 | 12:10 AM

Student use of artificial intelligence has become so prevalent, high school and college educators say, that to assign writing outside of the classroom is like asking students to cheat. “The cheating is off the charts. It’s the worst I’ve seen in my...

Published:Sunday | September 14, 2025 | 12:08 AM

Bonds are popular with investors who are keen on the safety of their principal, expecting to receive all of their principal on the maturity date. The experience of some investors, including the elderly who rely on them as a source of retirement...

Published:Sunday | September 14, 2025 | 12:08 AM

One of my more faithful readers, a former country head of a global American insurance giant, shared an article with me last month that forms part of today’s content. Its bona fides were excellent: an 80-year-old source calling itself ‘the Swiss...

Published:Sunday | September 14, 2025 | 12:07 AM

You have undoubtedly heard the good news: major crime has fallen in Jamaica. Perhaps you have your doubts about these reports, but as a corporate leader, you may be missing something important. Could this welcome change wreak havoc on your strategy...

Published:Sunday | September 14, 2025 | 12:05 AM

As Jerome Powell approaches the end of his term as chair of the US Federal Reserve in May 2026, the central bank’s standing is lower – and its vulnerability greater – than it has been in decades. This institutional deterioration is obvious to...

Published:Sunday | September 14, 2025 | 12:05 AM

Armen Kirakosian remembers the frustrations of his first job as a call centre agent nearly 10 years ago: the aggravated customers, the constant searching through menus for information and the notes he had to physically write for each call he...

Published:Sunday | September 14, 2025 | 12:05 AM

Increased costs and a general slowdown in consumer demand spliced into Wisynco Group Limited’s bottom line at year ending June, but the beverage manufacturer and consumer goods distributor says it has since seen signs of a turnaround. Wisynco...

Published:Friday | September 12, 2025 | 12:09 AM

The European Central Bank, ECB, left interest rates unchanged on Thursday with inflation back under control and the economy weathering Trump’s tariff onslaught better than expected. The bank’s rate-setting council left its benchmark deposit rate...

Published:Friday | September 12, 2025 | 12:08 AM

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,...

Published:Friday | September 12, 2025 | 12:08 AMNeville Graham - Business Reporter

GraceKennedy Limited has announced leadership changes in its insurance segment, the latest shuffle in the conglomerate’s strategic evolution, according to Steven Whittingham, CEO of GraceKennedy Financial Group Limited. Insurance accounts for...

Published:Friday | September 12, 2025 | 12:08 AM

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...

Published:Friday | September 12, 2025 | 12:08 AM

Fontana Limited acquired the Monarch chain of pharmacies for four and a half times its asset value, new disclosures about the deal show. The purchase price was $854 million, noted the auditor of Fontana’s year-end accounts. The financial report...

Published:Friday | September 12, 2025 | 12:08 AM

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...

Published:Friday | September 12, 2025 | 12:08 AM

VM Investments Limited, VMIL, is reorienting its focus towards more private equity transactions and less on corporate debt to drive better returns for the company. It comes amid challenging market conditions – a sluggish stock market and lingering...

Published:Friday | September 12, 2025 | 12:08 AM

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...

Published:Thursday | September 11, 2025 | 12:06 AM

Amazon’s Zoox on Wednesday launched its robotaxi service in Las Vegas, offering free rides through parts of the entertainment mecca for anyone willing to gamble on the safety of a driverless vehicle. The Las Vegas début of Zoox’s long-planned ride-...

Published:Wednesday | September 10, 2025 | 12:10 AM

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...

Published:Wednesday | September 10, 2025 | 12:09 AM

On a recent sunny morning in a channel at the Port of Los Angeles, seven blue steel structures that look like small boats are lowered into the ocean one by one. Attached to an unused wharf on a site that once housed oil tanks, they gently bob up...

Published:Wednesday | September 10, 2025 | 12:08 AM

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...

Published:Wednesday | September 10, 2025 | 12:06 AM

A.S. Bryden...

Published:Wednesday | September 10, 2025 | 12:06 AM

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...

Published:Wednesday | September 10, 2025 | 12:05 AM

Education services provider EduFocal Limited has appointed a new chairman and aims to publish its overdue 2024 audited financial report by October 10. The stock remains suspended from trading on the Jamaica Stock Exchange until it resolves the...

Published:Wednesday | September 10, 2025 | 12:05 AM

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,...

Published:Tuesday | September 9, 2025 | 12:08 AM

China’s exports grew last month but at a slower pace than in recent months, the country’s customs agency said Monday. Exports reached US$321.8 billion in August, a 4.4 per cent increase compared to the same month last year. That was down from a 7.2...

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