Money is an enigma. But if there is one thing we know for sure, it is that money begets money. The best way to make more of it is to control the money-making machine, as traditional banks have done for centuries. By creating credit money...
Amid continuing market softness, US equities on the Jamaica Stock Exchange notched substantial gains in value, growing their market capitalisation by nearly eight per cent in the first month following Hurricane Melissa, even as other indexes fell....
Behind the hoopla over the promise of artificial intelligence lay difficult realities, including how such technology might affect people already disadvantaged in a data-driven world. A new report by the United Nations Development Programme notes...
Haiti’s transitional presidential council has backed an electoral law in the latest step towards holding a general election for the first time in nearly a decade. The approval late Monday means that the government can finally publish an official...
Mayberry Group Limited, a provider of investment banking and wealth management services, posted a net loss of $751.4 million for the September third quarter, compared to a profit of $145 million in the same period a year earlier. “This was...
IronRock Insurance Company Limited has reported losses of $10.13 million for the third quarter ended September 2025, reversing a profit of $7.8 million in the corresponding period last year. But CEO Christian Watt insists the company remains firmly...
Berger Paints Jamaica Limited entered the final quarter of 2025 on a strong footing, with a near one-fifth spike in revenue in the July-September period, and a five per cent gain year-to-date, positioning the paint and coatings manufacturer for a...
First Rock Real Estate Investments Limited, FREI, has turned the corner in its third quarter, posting a modest profit after a bruising 2024. The company’s pivot to a REIT, or real estate investment trust, model is beginning to bear fruit, according...
India’s telecoms ministry has directed smartphone manufacturers to pre-install a government-run cybersecurity app on all new devices, according to a government order, raising concerns of data privacy and user consent in one of the largest handset...
Ask a room of central bankers how many want a less stable financial system, and you will see few, if any, hands go up. Ask how many support intrusive, costly supervision, endless box-ticking, and process-heavy enforcement, and the result will be...
The world economy has proven surprisingly durable in the face of trade wars initiated by the United States, the Organisation for Economic Cooperation and Development said Tuesday, upgrading its outlook for global and US economic growth this year....
The Prada Group closed the purchase of Milan fashion rival Versace in a US$1.375-billion cash deal that puts the fashion house known for its sexy silhouettes under the same roof as Prada’s “ugly chic” aesthetic and Miu Miu’s youth-driven appeal....
There has been an increase in sales of zinc sheeting since the passage of Hurricane Melissa, as persons push to restore their homes, many of which lost roofs made from the same material during the storm. Industry players say it is unlikely that...
Petroleum marketing company Future Energy Source Company Limited grew revenue by six per cent and profit by 21 per cent to hit new highs at the close of the September quarter. Revenue rose to $8.39 billion, despite what CEO Jeremy Barnes referred...
Pulse Investments Limited has reported a sharp contraction in core revenue for the financial year ending June as it reshapes its business model. The modelling agency and hospitality company reported turnover of $157.5 million, down from $815.1...
Jamaica Stock Exchange Limited reported flat revenues and a near 30 per cent dip in profit for the September third quarter, its first reporting period under new CEO Livingstone Morrison, whose appointment took effect September 8. The group noted...
Bitcoin and companies tied to cryptocurrencies extended a nearly two-month swoon Monday, tracking with a broader market sell-off in technology companies that many see as overvalued. Bitcoin slid 6.5 per cent after being down nearly 12 per cent...
Brazilian police launched a police operation on Thursday to dismantle a major tax-evasion and money-laundering scheme in the fuel sector. The group under investigation is Brazil’s largest tax debtor, owing more than 26 billion reais (US$4.8...
We can finally wave goodbye to the 2025 hurricane season but it may be 18 months or more before Jamaica can exhale, particularly now that the message is coming from two institutions responsible for monitoring the country’s economic pulse: the...
Arc Manufacturing Limited has filed a lawsuit against Tank-Weld Metals Limited, accusing Jamaica’s largest steel distributor of abusing its dominant position in the rebar market through predatory pricing practices that allegedly crippled ARC’s...
The Dominican Republic has authorised the arrival of 800 new flights to accommodate a surge in tourists who were originally planning to vacation in Jamaica and other nearby islands, but were rerouted following the devastation of Hurricane Melissa....
AI is often portrayed as the harbinger of a prosperous, more efficient future. But the machines driving this revolution depend on a resource far older – and far more contested – than data or electricity: water. As the Heinrich Böll Foundation’s...
The Consumer Affairs Commission, CAC, recovered $17.21 million as compensation for aggrieved customers from 971 complaints for the period April to November, 2024, according to the Jamaica Information Service. By protecting consumers from financial...
As was expected, the government’s provisional estimate of the damage caused by Hurricane Melissa has increased. In one instance, the numbers climbed from a base of US$6-7 billion to US$8.8 billion. In the other, a newspaper editorial reported an...
