Business
Relatives of Lundine Anderson of Trouble Hill currently live on sections of his 100-acre farm, allowing them to keep watch over his crops. That solved some of his farm-theft problems, but last November he lost about 20 per cent of his coffee crop...
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The quarterly profit of Sagicor Group Jamaica Limited declined to $1 billion, or half of year-earlier levels, due to one-off expenses related to insurance contracts and reduced market values on certain investments, including Jamaica bonds. Sagicor...
Google on Tuesday rolled out a retooled search engine that will frequently favour responses crafted by artificial intelligence over website links, a shift promising to quicken the quest for information, while also potentially disrupting the flow of...
A tiny, low-priced electric car called the Seagull has American automakers and politicians trembling. The car, launched last year by Chinese automaker BYD, sells for around US$12,000 in China, but drives well and is put together with craftsmanship...
The head of Brazil’s state-controlled oil and gas giant Petrobras has stepped down, the company said on Wednesday, following months of tensions with the federal government. Petrobras opted not to pay extraordinary dividends to its shareholders...
The Japanese economy shrank at an annual rate of two per cent in the first quarter of this year, as consumption and exports declined, the government said Thursday. Although unemployment has stayed relatively low in the world’s fourth largest...
A large group of Republican attorneys general on Monday took legal action against the Biden administration and California over new emissions limits for trucks. Nebraska Attorney General Mike Hilgers is leading the group of GOP attorneys general...
Mining giant Anglo American PLC plans to break up its sprawling worldwide business – including spinning off the DeBeers diamond operation – as it seeks to fend off a takeover and focus on minerals that are expected to boom amid the global shift to...
Argentina’s monthly inflation eased sharply to a single-digit rate in April for the first time in half a year, data released Tuesday showed. Prices rose at a rate of 8.8 per cent last month, the Argentine government statistics agency reported, down...
A trade war over clean technologies is brewing. The United States and the European Union, worried that Chinese subsidies threaten their green industries, have warned that they will respond with import restrictions. China, in turn, has lodged a...
Bondholders will decide next Tuesday whether to grant a second extension to Specialty Coffee Investments Company Limited, an outfit connected to businessman and investor Michael Lee-Chin, for the repayment of the debt. If they vote in favour, the...
US airlines are suing to block the Biden administration from requiring greater transparency over fees that the carriers charge their passengers, saying that a new rule would confuse consumers by giving them too much information during the ticket-...
Motorists will pay less for gas and diesel when they go to the pumps on Thursday. The state-owned oil refinery, Petrojam, says E-10 87 is to move down by $0.25 to sell for $174.19 per litre and a litre of E-10 90 will go down by $0.25 to sell for $...
Higher metal prices benefited Jamalco which returned to profit in the March quarter, parent company Century Aluminum has reported. “Production at Jamalco also improved through the first quarter, and I’m pleased to say the refinery returned to...
MPC Caribbean Clean Energy Limited, a regional investor in renewable energy, booked a profit of US$232,000 for the March quarter, which reversed losses of US$39,000 from the prior year, and added momentum to the earnings racked up in the past...
National Commercial Bank Jamaica, NCB, has seen only moderate movement in its non-performing loans amid the near one-third jump in past-due consumer loans and residential mortgages reported across the wider banking sector. “We are not seeing the...
