The United States Treasury Department has issued regulations aimed at making it harder for criminals to launder money by paying cash for residential real estate. Under rules finalised Wednesday, investment advisers and real…
Category: Business & Economy
Kroger, Albertsons turn to court to save merger plan
Supermarket chain Albertsons told a federal judge Monday that it might have to lay off workers, close stores and even exit some markets if its planned merger with Kroger isn’t allowed to proceed….
Derrimon to rebrand US grocery stores as Sampars
Derrimon Trading Company Limited will be exporting the Sampars brand to New York, where its two American grocery businesses are currently shuttered amid repairs, and have become a drag on its bottom line….
Mexico City assembly okays strongest rent control since 1940s to fight inflation
The legislature of Mexico City approved the most ambitious rent control law since the 1940s on Thursday, limiting rent increases to the rate of inflation in the previous year. Rents in the vast…
Beryl, travel jitters blow tourism record off course
Travel and tourism interests expect a reduction in tourist arrivals in 2024 but say the flows will still outperform the pre-pandemic benchmark. The sector’s fortunes were affected by Hurricane Beryl in July and…
Digicel upgraded but under pressure
The financial performance of telecoms Digicel Group has stabilised, with its operations generating over US$14 million in cash for the year, leading to a rating upgrade by Moody’s. Digicel has been alleviated by…
Updated: Magic behind the counter: Fontana ventures into sale of mushroom products supplied by Patoo
Jamaica’s largest pharmacy chain, Fontana, is now selling magic mushroom products but remains silent on whether it will also be expanding into medical marijuana, or cannabis. Psychedelic mushrooms are unregulated but not prohibited…
SBAJ against reuniting with breakaway MSME Alliance
A splinter group that formed a trade association as champion for its own cause is now eyeing a return to the Small Business Association of Jamaica, but the newly installed SBAJ president has…
Magic behind the counter: Fontana ventures into sale of mushroom products supplied by Patoo
Jamaica’s largest pharmacy chain, Fontana, is now selling magic mushroom products but remains silent on whether it will also be expanding into medical marijuana, or cannabis. Psychedelic mushrooms are unregulated but not prohibited…
China opens investigation into EU dairy exports as trade tensions flare
European milk and cheese producers have become the latest target in a simmering trade war with China. The Chinese Commerce Ministry said on Wednesday that it would launch an investigation into subsidies given…