More than 150 executives are urging the European Union to rethink the world’s most comprehensive rules for artificial intelligence, saying upcoming regulations will make it harder for companies in Europe to compete with…
Category: Business & Economy
Stocks Round Up | Ciboney today’s top advancer
The Jamaica Stock Exchange (JSE) Combined Index opened the week in decline on Monday. The moderate trading ended with an advance/decline ratio of 42/49. The JSE Combined Index declined by 2,842.58 points or…
Lasco Distributors expanding distribution range
AMIDST its search for an acquisition target, Lasco Distributors Limited (LASD) has continued to expand the distribution of products under the various consumer categories while it plots a path to expanding its footprint…
Finsac sells Ciboney to Wayne Wray
The Financial Sector Adjustment Company, better known as Finsac, has sold Ciboney Group to Wiltshire Consulting and Advisory Limited afters years of trying trying to offload its majority stake. The cost of the…
New rice rules for $9b market
The Bureau of Standards Jamaica, BSJ, released new draft standards for the US$56-million ($9-billion) rice importation sector following reports of inconsistent grain and moisture content. The national standards body will allow the public…
Blind Society: New notes win, ABMs lose
A refreshing feeling for the blind community since the circulation of the new polymer banknotes but their society is calling for more accessibility in other areas. The blind community has been feeling out…
EV, European auto targeted as Key prospects
Electric vehicle and duty-free European imports are being eyed by Key Insurance Company Limited as growth segments in the motor insurance market. Key Chairman Don Wehby said at the company’s annual general meeting…
Cocoa marketing still a thorny issue for growers
Cocoa industry players are once again complaining that they are forced to sell their beans to the Jamaican government, currently at less than half the market price, but the commodities regulator has a…
Top central bankers assert need for higher interest rates to tackle persistent inflation
Leading global central bankers asserted Wednesday that they are not backing off their steep interest rate increases, pointing to inflation being more persistent than expected but still downplaying fears of recession from their…
UPDATE: Newcomer ECHE gets cash boost from regional security giant
Regional security Amalgamated Security Services Limited has acquired a 51 per cent stake in ECHE Limited, a cash management and digital payments company founded by seasoned security professional, Lititia Myers-Gray. The equity deal…