The war between Israel and Iran has raised concerns that Iran could retaliate by trying to close the Strait of Hormuz, the world’s most important oil chokepoint due to the large volumes of…
Category: Business & Economy
Cedric Stephens | AI is core to digital transformation
The demand for workers with artificial intelligence-driven skills is accelerating in all industries, globally. This was one of the findings of a report summarised in last Wednesday’s Gleaner titled The Fearless Future: PwC’s…
Logistics outsourcing sector showing promise as BPO slows
With earnings and employment in the business process outsourcing sector having hit a plateau in the last year, logistics is said to be emerging as the next driver of foreign exchange earnings and…
Frank James on engendering a growth mindset at GK
Since taking over as CEO of GraceKennedy Group in February, Frank James, who was promoted from within, is keeping his eye on the company’s prize: hitting US$2 billion in revenue by year 2030,…
Portland, Specialty Coffee bondholder meetings pushed back
Representatives of businessman Michael Lee-Chin are working to reschedule bondholder meetings that were postponed this week. The meetings were called over delayed or missed payments and a new proposal for the servicing of…
Federal Reserve leaves key rate unchanged, but sees two cuts this year
Federal Reserve officials expect inflation to worsen in the coming months but they still foresee two interest rate cuts by the end of this year, the same as they projected in March. The…
Indies Pharma sales, profit singed by delays and Mideast volatility
Cargo that should have materialised in April but did not arrive until May impacted sales and profit at Indies Pharma Jamaica Limited. For the second quarter ended April, profit dipped by nine per…
Jamaican government to set up elite cybersecurity unit
The Government of Jamaica plans to bolster its cybersecurity defences with the creation of a cyber incident response team and a security operations centre – but first it’s trying to determine the availability…
Black partitions placed around Israeli pavilions at Paris Air Show
France’s government ordered black partition walls erected around Israeli defence industry exhibits displaying offensive weapons at the Paris Air Show, because of the war in Gaza and rising tensions in the Mideast. Israel’s…
VMIL teeing up new acquisitions, expansion plan
VM Investments Limited, VMIL, will be pursuing a more aggressive expansion programme and digital transformation as the two key pillars to drive business, CEO Rez Burchenson has said. VMIL wants to grow the…