Boeing will plead guilty to a criminal fraud charge stemming from two crashes of 737 Max jetliners that killed 346 people, the United States Department of Justice, DOJ,said late Sunday, after the government…
Category: Business & Economy
Beryl not bad enough to trigger catastrophe bond
The catastrophe bond that Jamaica floated recently on the international market won’t help it in its disaster-recovery efforts. Although the bond was designed to provide financial protection for the issuer in the event…
Air and sea ports getting back to business
Kingston Wharves Limited, KWL, and Norman Manley International Airport, two of the prime ports that handle cargo, were getting back to normal on Friday, following the passage of Hurricane Beryl. That said, Kingston…
Businesses, markets resuming operations quickly after Beryl
Several large businesses that supply the goods and services that Jamaicans consume daily were in the process of resuming normal operations on Thursday after Jamaica’s brush with Hurricane Beryl. But not everyone was…
Large distributors raring to go, but some clients still recovering
Seprod Group, a large manufacturer and distributor of food items, was back in operation on Thursday, having withstood the wrath of Hurricane Beryl with minimal disruption due to the precautionary steps taken by…
Brazil data regulator bans Meta from mining data to train AI models
Brazil’s national data protection authority determined on Tuesday that Meta, the parent company of Instagram and Facebook, cannot use data originating in the country to train its artificial intelligence. Meta’s updated privacy policy…
Markets closed by Beryl
There will be no trading in on the Jamaica Stock Exchange today, July 3, due to the pending hurricane. The intention is to stay closed for a day during the passage of Hurricane…
JSE suspends two more stocks
The Jamaica Stock Exchange, JSE, suspended two more stocks on Tuesday over the late filing of the December 2023 year-end audited accounts. The suspended stocks are tech distributor and Xerox agent Productive Business…
Issa’s e-bike venture up for sale
Businessman Elias ‘Lee’ Issa wants to sell the dealership for the Ellesco electric bike brand, which he brought to Jamaica in 2021. “Thriving opportunity to buy ebike and warehouse equipment business,” read a…
EU accuses Facebook owner Meta of breaking digital rules with paid ad-free option
European Union regulators accused social media company Meta Platforms on Monday of breaching the bloc’s new digital competition rulebook by forcing Facebook and Instagram users to choose between seeing ads or paying to…