Business

Petrojam Limited, operator of Jamaica’s sole petroleum refinery, spent about US$2 million on plant improvements that are expected to deliver payback in under a year. Since July, the state-owned oil refinery has increased its asphalt production to a...

MPC Caribbean Clean Energy Limited will refrain from pursuing new investments in Jamaica, opting instead to concentrate on its existing renewable energy assets in Central America and the Dominican Republic, company executives affirmed on Tuesday....

Mexican authorities are accusing sportswear company Adidas of plagiarising artisans in southern Mexico, alleging that a new sandal design is strikingly similar to the traditional Indigenous footwear known as huaraches. The controversy has fuelled...

As African leaders gather in Cape Town for the African Water Investment Summit, August 13-15, there can be no equivocation: the world faces an unprecedented water crisis that demands a paradigm shift in how we value and govern our most precious...

Shrugging off losses that broke its winning streak after more than three decades of operation, Paramount Trading Jamaica Limited is back in the black for year ending May 2025. In its newly released year-end financial report, the chemicals company...

FosRich Company Limited achieved higher sales volumes but falling revenue, due to cost declines for PVC and solar panels on the world market that were passed on to customers in the form of price reductions, it said in its report to shareholders....

Nvidia and AMD have agreed to share 15 per cent of their revenues from chip sales to China with the United States government, as part of a deal to secure export licences for the semiconductors. The Trump administration halted the sale of advanced...

OpenAI on Thursday released the fifth generation of the artificial intelligence technology that powers ChatGPT, a product update that’s being closely watched as a measure of whether generative AI is advancing rapidly or hitting a plateau. GPT-5...

It’s been just over two years since the COVID-19 pandemic was declared over by the World Health Organization. Masks are gone, events are back, school is face-to-face again, travel restrictions are behind us, and no-movement days are a distant...

Cost-cutting and product innovation, backed by heavy marketing and advertising at gaming and lottery company Supreme Ventures Limited, SVL, have combined to deliver nearly two-thirds higher profit in the June second quarter. Executive Chairman Gary...

A disruption to a system housing United Airlines’ flight information that caused more than 1,000 delays has been resolved, but delays continued into Thursday. The impacted system, called Unimatic, houses flight information that is fed to other...