The European Central Bank (ECB) raised interest rates on Thursday to cool inflation that is being fed by high oil prices from the Iran war. The decision was supported by a stronger-than-expected economy…
Category: Business & Economy
Oil hits above US$100 a barrel once again
Oil prices shot past US$100 a barrel on Wednesday as fighting between the US and Iran escalated, threatening to increase costs for consumers and businesses worldwide. Brent crude, the international standard, climbed into…
Broadcom’s AI chip sales more than triple as custom silicon orders build
Large semiconductor company Broadcom reported record revenue, operating income and free cash flow for its third fiscal quarter, with revenue rising 86 per cent from a year earlier to US$29.6 billion for the…
New Apple CEO unveils latest iPhone line-up, including a foldable model called Duo
Apple on Wednesday unveiled its latest generation of iPhones, including a widely anticipated foldable version called Duo. The company’s new CEO, John Ternus, who took over from Tim Cook on September 1, introduced…
Government seeks investor for AMC export complex as warehouse demand climbs
The Government aims to lease the Agricultural Marketing Corporation (AMC) Export Complex at 188 Spanish Town Road, Kingston, to investors amid a demand in warehousing property. It is the latest attempt to optimise…
Rubis to install 8 MW solar
Rubis, global fuel distributor, signed a deal to install an 8-megawatt (MW) capacity solar plant in Jamaica in June, part of a renewable energy push that accompanied half-year financial results released Tuesday. The…
Japan protests as China slaps new measures against its exports of a key chipmaking material
Japan has protested against Chinese controls that will limit its exports of a key chemical used to make computer chips, saying Tuesday that Tokyo is studying the potential impact on Japanese companies. China…
Jaguar Land Rover will cut 4,000 jobs to reduce costs and compete with China
Jaguar Land Rover said Monday it would cut 4,000 jobs across its global workforce as it tries to cut costs and compete with Chinese electric carmakers. Britain’s biggest automaker said the job cuts…
Kingston takes the bulk of remittance growth since Melissa
Residents of Kingston and St Andrew received most of the growth in remittances since Hurricane Melissa, rather than the parishes the storm hit hardest. Jamaicans abroad sent home US$1.85 billion through remittance companies…
Jamaica offers premiums to buy back US$2.3b in bonds
The Government of Jamaica (GOJ) wants to pay out investors holding three bonds valued at US$2.33 billion, offering premiums above face value on the debt. “GOJ announces an invitation for offers to tender…