Nvidia’s board has cleared the way for the company to spend US$150 billion more in share buybacks as the chipmaking giant looks to make use of more of its stellar revenue growth fuelled…
Category: Business & Economy
Sandals adding 7,000 jobs, expanding beyond Caribbean
Sandals Resorts International plans to grow its workforce by more than a third, adding 7,000 jobs at new hotels, some of them outside the Caribbean, Executive Chairman Adam Stewart said. “The time has…
Access Financial targets $7b loan book
Access Financial Services Limited aims to grow its loan portfolio by up to 17 per cent towards $7 billion. The company will target small and medium-sized enterprises (SMEs), and entities seeking renewable financing…
Jamaica-Mexico direct flights starting next March on Aeromexico
The airline Aeromexico will launch the first scheduled nonstop service between Mexico City and Montego Bay starting next March, opening a direct link between two countries whose travel flows now run in opposite…
Starbucks to shutter 250 stores in North America this week in 2nd wave of closings
Starbucks plans to close 250 North American stores later this week. It is the second big round of store closures under Starbucks Chairman and CEO Brian Niccol, who joined the company in 2024….
A strategy with one future has no backup
Your company is a successful competitor in its industry. But behind the numbers, you are disconcerted. The current corporate strategy is actually just a projection of prior success. This is risky – and…
Sandals to earn about US$600m a year, Royal Caribbean deal implies
Royal Caribbean Group’s agreement to buy half of Sandals Resorts International implies the Jamaican hotel chain will earn roughly US$600 million a year in earnings before interest, tax, depreciation and amortisation (EBITDA), which…
Jamaica holds US$45m owed to Venezuela in frozen account
Jamaica has built up US$45 million (J$7.2b) in PetroCaribe payments owed to Venezuela, an amount that’s grown more than 16-fold over two years. The money sits in a segregated account at the Bank…
JSE SUMMARY THURS, sept 24
In Thursday’s trading session the following reflects the movement of the JSE Indices: • The JSE Combined Index advanced by 113.68 points (0.03%) to close at 375,223.62 points and the volume traded amounted…
Rusal seeks buyers for Windalco as it pulls back from the Caribbean
Russia’s largest aluminium producer, UC Rusal, has started looking for buyers for its Windalco alumina complex in Jamaica and its bauxite operations in Guyana, US-based Bloomberg News reported, citing people familiar with the…