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Category: Business & Economy

Business & Economy

Big Tech crackdown looms as EU, UK ready new rules

infojamaica
April 26, 2023

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…

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Business & Economy

Appeals court upholds Apple’s control of iPhone app store

infojamaica
April 26, 2023

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…

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Business & Economy

Cuba fuel shortages prompt rationing, event cancellations

infojamaica
April 26, 2023

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…

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Business & Economy

Jamalco sold for US$1

infojamaica
April 26, 2023

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…

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Business & Economy

Sygnus Credit share buy-back to begin shortly

infojamaica
April 26, 2023

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…

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Business & Economy

Guyana has over US$1 billion in NRF

infojamaica
April 26, 2023

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…

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Business & Economy

Government gets new partner in Jamalco

infojamaica
April 26, 2023

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…

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Business & Economy

Tourism booms in Jamaica after pandemic, overwhelms airport

infojamaica
April 26, 2023

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…

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Business & Economy

Jamaica airports reap $29b in revenue

infojamaica
April 26, 2023

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…

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Business & Economy

JN wallet not ready for remittances

infojamaica
April 26, 2023

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…

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