Is AI transforming the economy in any real sense, or is the promise of rapid growth mere hype? US stock markets certainly favour the former view: shares of AI and tech companies have accounted for about three-quarters of the S...
In a rapidly evolving automotive landscape, ATL Automotive Group, which is a dominant force in Jamaica’s car market as well as master dealer for various auto brands, has recently added two more Chinese brands to its line-up. The Omoda and Jaecoo...
Being able to save is critical to generating the financial resources required to live at a reasonable level now and in the future. There are some obvious ways to save, but there are others which do not appear to be obvious, yet they are very...
Every October the world pauses to observe Mental Health Awareness Month. In Jamaica, it sometimes feels like we barely take time to blink, as messages are drowned out by sirens of crime, violence, inflation, high-energy prices, geopolitical...
The September 19 disruptive flooding in the country’s capital was a stark, wet reminder: our island is grappling with a problem that is deepening every year. This event occurred 37 years and seven days after Hurricane Gilbert, a Category 4...
As economic uncertainty deepens, the rush for gold continues – with prices for the precious metal topping US$4,300 for the first time last week. The going price for New York spot closed at a record US$4,326 per troy ounce on Thursday. Futures also...
Cemex, the ultimate parent company of Caribbean Cement Company, has amended an earlier filing with the US Securities and Exchange Commission which had disclosed a payment described as “fees” of over US$201,500 to the ruling Jamaica Labour Party,...
While many Americans and US allies recoil at the accelerating regime change under President Donald Trump, financial markets remain curiously calm. Equity indices continue to hover near record highs, and serenity prevails in the bond market –...
Nestlé is cutting 16,000 jobs globally as the Swiss food giant cuts costs as part of its efforts to revive its financial performance. Nestlé, which makes Nescafé, KitKats, pet foods and many other well-known consumer brands, said Thursday that the...
Microlender Dolla Financial Services Limited is raising $1 billion on the public debt market to expand its loan portfolio and refinance existing debt. The company has the option to upsize the offer to $1.5 billion, contingent on market demand. The...
Investors responding positively to Paramount Trading Jamaica Limited’s turnaround performance in its first quarter ended August. PTL shares closed at $0.94 on the junior market of the Jamaica Stock Exchange on Wednesday, after tripping the circuit-...
OpenAI is partnering with Walmart to let shoppers make purchases directly within ChatGPT, furthering the artificial intelligence company’s push to turn its chatbot into a virtual merchant as it seeks to boost revenue. In an announcement, Walmart...
The United States and global economies will grow a bit more this year than previously forecast as the Trump administration’s tariffs have so far proved less disruptive than expected, the International Monetary Fund said on Tuesday, though the...
Jamaica’s insurance sector continues to expand, with total assets just shy of the $600-billion mark and capital buffers showing improvement, the Financial Services Commission, FSC, indicated in its June quarter review of the sector. Asset growth...
National Commercial Bank Jamaica Limited has listed a luxury residence at Earls Court for US$7.5 million. The listing for sale — now live on Sotheby’s International Realty — indicates that the property spans 2.5 acres and covers two lots. Realtors...
Having operated out of a Kingston hotel for months, fintech consulting firm Intellibus is on the hunt for office space to establish its presence in Jamaica. Principal and founder of Intellibus Ed Watal said the American company is now registered in...
The United States government shutdown is delaying another major economic report, leaving policymakers at the Federal Reserve with a cloudier picture even as the economy enters a challenging phase of stubbornly persistent inflation and a sharp...
Jamaica Observer Limited (JOL) and Gleaner Company Media Limited (GCML) have agreed to enter a formal joint venture (JV) by the close of the calendar year. The parties signed a Memorandum of Understanding in early August to explore the...
The world’s largest maritime nations gathered in London on Tuesday to consider adopting regulations that would move the shipping industry away from fossil fuels to slash emissions. If the deal is adopted, this will be the first time a global fee is...
Earlier this year, the International Monetary Fund declared that “debt levels have stabilised and are projected to remain stable or slightly decline” in emerging markets and developing economies. But this sanguine assessment certainly does not...
Jamaica has a rich tradition of storytelling, and it is not an exaggeration to say that Jamaicans’ appetite for talking far exceeds their appetite for reading. The latter might help to explain the dearth of reading material on the stories of...
Private equity company Portland JSX Limited has boosted the prospects of Visual Vibe with US$500,000 of financing, but has not taken a stake in the advertising company. The sum translates to around $80 million in local currency. “It’s not an equity...
Argentina’s libertarian leader lavished praise on Donald Trump ahead of his first White House meeting with the US president on Tuesday. It’s a tactic that has helped transform President Javier Milei’s cash-strapped country into one of the Trump...
