TikTok, Twitter, Facebook, Google, and Amazon are facing rising pressure from European authorities as London and Brussels advanced new rules Tuesday to curb the power of digital companies. They’re among those on a…
Category: Business & Economy
Appeals court upholds Apple’s control of iPhone app store
An appeals court on Monday upheld Apple’s exclusive control over the distribution of iPhone apps, rejecting the latest attempt to force one of the world’s most powerful companies to dismantle the digital walls…
Cuba fuel shortages prompt rationing, event cancellations
Cuba’s fuel shortages have increased dramatically with authorities suspending activities, including a concert by the country’s national symphony, as well as rationing gasolene sales and moving some universities’ classes online. Cubans have…
Jamalco sold for US$1
Century Aluminum Company, a United States-based associate of Glencore, will acquire the majority stake in Jamalco for US$1, stripping former owner Noble Group of the lossmaking alumina refinery. The deal is days away…
Sygnus Credit share buy-back to begin shortly
As the local stock market continues to decline amid rising interest rates, Sygnus Credit Investments Limited (SCI) will be seeking to execute its share buy-back programme by mid-June to provide additional liquidity and…
Guyana has over US$1 billion in NRF
GEORGETOWN, Guyana (CMC) – The Guyana Government says the balance of the petroleum revenues paid to the National resource Fund (NRF) at the end of last month now stands at US$1.465 billion. A…
Government gets new partner in Jamalco
COME May the Government will have a new partner in the Halse Hall, Clarendon-based Jamalco alumina refinery as its current partner the Noble Group has reached an agreement to sell its stake. A…
Tourism booms in Jamaica after pandemic, overwhelms airport
The number of tourists flocking to Jamaica’s sun-drenched beaches soared nearly 100 per cent in the first three months of the year, causing long queues and hours-long waits for arriving passengers at the…
Jamaica airports reap $29b in revenue
The two largest airports in Jamaica generated combined revenue of 3.5 billion Mexican pesos in 2022 for the Mexico-based Pacific Airport Group, GAP, which manages them. The flows translated to about US$195 million…
JN wallet not ready for remittances
In a new update on its upcoming digital wallet, the Jamaica National Group said JN Pay will roll out by mid-year but won’t offer remittances right away. The app is being developed by…
