In Thursday’s trading session the following reflects the movement of the JSE Indices: . The JSE Combined Index declined by 2,377.08 points (0.64%) to close at 367,345.09 points and the volume traded amounted…
Category: Business & Economy
20,000 outsourcing jobs lost, but AI not to blame, say experts
Employment in Jamaica’s outsourcing sector, which includes the business process outsourcing industry, has declined by a third over two years to about 40,000 jobs. Industry leaders and policymakers are concerned, but they expressed…
Image Plus pays $620m for recent acquisitions
Image Plus Consultants Ltd (IPCL), which trades as Apex Radiology, paid $620 million for two recent acquisitions, expanding its footprint to eight locations across Jamaica. “Having successfully completed two acquisitions, the company leads…
US producer prices drop 0.3 per cent from May to June on lower energy prices
U.S. wholesale inflation fell from May to June on plunging energy prices, but intensifying hostilities with Iran are clouding the outlook. The US Labor Department reported Wednesday that its producer price index –…
Image Plus to pay $620m for recent acquisitions
Image Plus Consultants Ltd (IPCL), which trades as Apex Radiology, disclosed that it agreed to buy two diagnostic imaging companies for $620 million. The acquisitions were already disclosed, but not the purchase price….
Global Attractions Ltd to buy 80 per cent of Dolphin Cove
A Saint Lucia-based entity has agreed to purchase the 79.99 per cent controlling stake in Dolphin Cove Ltd, bringing to a head more than a year of US bankruptcy proceedings that have held…
Lee-Chin signs nuclear energy pact in Turkey
Jamaican-Canadian businessman Michael Lee-Chin is pushing into nuclear energy, with his Portland Holdings group signing a memorandum of understanding (MOU) with a Turkish nuclear technology company to help develop Turkey’s atomic power sector….
St Lucian company to buy majority stake in Dolphin Cove
A St Lucia-based entity has agreed to purchase the 79.99 per cent controlling stake in Dolphin Cove Ltd, bringing to a head more than a year of US bankruptcy proceedings that have held…
St Lucian company to buy majority stake in Dolphin Dove
A St Lucia-based entity has agreed to purchase the 79.99 per cent controlling stake in Dolphin Cove Ltd, bringing to a head more than a year of US bankruptcy proceedings that have held…
Massive AI buildout poses latest inflation threat as consumers pay more for laptops and electricity
American consumers – and the Federal Reserve – are being hit with another high-cost headache. The gusher of investment in data centres – likely topping US$700 billion this year – to power artificial…