A robot being developed at Duke University is almost ready to face the world, in any direction. Instead of trying to copy symmetrical shapes from nature by building robots that look like people,…
Category: Business & Economy
Flow Jamaica revenue slips to US$103m as Hurricane Melissa weighs on subscribers
The telecoms provider Flow Jamaica posted revenue of US$103.2 million for the first quarter of 2026, or 2.0 per cent lower than a year earlier. It comes as the lingering effects of Hurricane…
Typical CEO pay hits US$17.7m as gap with workers widens to 200 years
The typical CEO compensation package rose nearly 6 per cent in 2025 to US$17.7 million, as company boards rewarded their top executives for bigger profits and higher stock prices, and gave them incentives…
PayPal’s online checkout empire is under siege as rivals squeeze its core business
PayPal helped invent online checkout. Nearly three decades later, it’s struggling to defend its turf. The iconic online payments company is facing its biggest challenge in nearly three decades of existence. Its core…
BOJ flags two quarters of above-target inflation, signals readiness to raise rates
The Bank of Jamaica (BOJ) expects inflation to climb above its six per cent target ceiling for at least two consecutive quarters and warned it stands ready to adjust interest rates if price…
BOJ holds policy rate at 5.5 per cent
The Bank of Jamaica (BOJ) Monetary Policy Committee (MPC) has unanimously agreed to maintain the policy rate on overnight placements by deposit-taking institutions at 5.5 per cent per annum.
Jamaica Drafts Road Construction Standards as Pothole Crisis Deepens
Jamaica’s state standards body has put forward a comprehensive road construction specification for public comment, a move that comes as billions of dollars in government road repair programmes face persistent criticism over the…
Warehouses in Demand as Kingston Plaza sits Unsold
Demand for commercial real estate in Jamaica is shifting toward warehouse and storage space, with the sector offering returns that are outpacing traditional retail developments. Commercial developments are at times netting single-digit returns…
PIOJ warns AI adoption will cut working and middle-class jobs
The Planning Institute of Jamaica (PIOJ) said Wednesday that artificial intelligence (AI) will displace clerical and professional workers, but that research continues on the scale of displacement throughout the workforce. “There is still…
Trump pulls back AI vetting order, citing fears of losing lead over China
US President Donald Trump called off a signing ceremony Thursday for a new order on artificial intelligence because he worried it could dull America’s edge on AI technology. Trump said he was postponing…