The Trump administration is helping one of Elon Musk’s companies fight a civil rights lawsuit that alleges it is illegally running dozens of natural gas turbines to power a US$20 billion AI data…
Category: Business & Economy
Summit auction rescheduled for today
The auction of the former Knutsford Court Hotel in New Kingston has been rescheduled to June 17 after the original sale date was postponed. “The vendor is selling under powers of sale contained…
UCC seeks US$15m to launch Trelawny ‘smart city’, invites six universities as partners
The University of the Commonwealth Caribbean (UCC) aims to raise US$15 million to complete land acquisition for EcoVista, a 283-acre development in Trelawny. The plan involves building a university-anchored smart city. UCC plans…
Fox Corp. to Buy Roku in US$22 Billion Streaming Deal
Fox Corp. has agreed to buy streaming pioneer Roku in a cash-and-stock deal valued at roughly US$22 billion, including debt. Roku will continue to be run as an open, partner-friendly platform, the companies said…
Main Event losses mount
Main Event Entertainment Group’s (MEEG) losses grew more than fourfold in the April second quarter to $45 million as the company cut costs to reflect the challenging events market.
Mayberry CEO: Scotiabank Buyout Will Inject C$500m Into Market, But at a Cost
The buyout of Scotia Group Jamaica Limited’s (SGJ) minority shareholders will pump roughly C$500 million into the local market in the short term, but will permanently shut out local investors from one of…
Jamaica can run totally on renewables, says Uruguay expert
Jamaica can run fully on renewable energy, according to the architect of Uruguay’s landmark energy transition, who urged the island to move beyond incremental targets. “I will assure you that it will be…
No bank failed on my watch, says outgoing BOJ Governor Byles
No commercial bank failed in Jamaica during his nearly seven years at the helm of the Bank of Jamaica (BOJ), outgoing Governor Richard Byles told Parliament’s Standing Finance Committee on Wednesday — a…
NCB lists $2 billion in repossessed properties amid post-Melissa loan stress
The nation’s largest commercial bank, National Commercial Bank Jamaica Ltd (NCB), has placed roughly three dozen repossessed properties on the market carrying a combined assessed value exceeding $2 billion, spanning 10 parishes. It…
SpaceX wants regular investors to help its stock launch. Here’s what to know before clicking ‘buy’
When SpaceX makes its debut on the US stock market, it wants smaller-pocketed, mom-and-pop investors to play a big role in what may be the biggest IPO ever. Elon Musk’s rocket company, formally…