China is replacing its diesel trucks with electric models faster than expected, potentially reshaping global fuel demand and the future of heavy transport. In 2020, nearly all new trucks in China ran on…
Category: Business & Economy
Armstrong and Snower | The stablecoin threat
Stablecoins are on the rise in global finance, promising to facilitate faster and cheaper payments and lead a wave of financial innovation. But what if that wave erodes governments’ control over money and…
Federal Reserve loosens reins on banks
The United States Federal Reserve’s top banking regulator on Tuesday released new guidelines for the agency’s supervision of the financial system, earning praise from industry trade groups and criticism from her predecessor. In…
Wisynco rolling out Legend beer products, Mamba stout in spirited push for revenue growth
Wisynco Group Limited is currently betting on beer to help drive top line growth. At the heart of the push is Legend Beer, the company’s flagship brew, which Chairman William Mahfood says is…
JBG defends forensic inaction in US probe
The market was already primed to expect bad outcomes from the cleanup under way in Jamaica Broilers’ US operations, but when the report finally dropped the scope of the fallout, still rattled investor…
Cedric Stephens | Accessible insurance still an unmet goal
Hurricane Melissa provided a glut of things for me to write about. In today’s article, I will try to link discrete topics to the monster hurricane where the economic impacts may turn out…
Goods not short but delivery a challenge, distributors say
Large distributors say they are open for business and have adequate supplies of goods at this time but are experiencing some challenges in getting products to the areas of Jamaica hardest hit by…
Some financial houses offer loan relief post-Melissa
In the aftermath of the passage of Hurricane Melissa, some banks and credit unions are easing up on loan repayments as a form of relief for the thousands of individuals and small businesses…
Jam Teas grows yearly earnings
Jamaican Teas Limited emerged relatively unscathed by Hurricane Melissa, with no damage to its complex at Temple Hall nor its supermarket and unsold studio apartments. Additionally, two-thirds of the group’s manufacturing sales are…
Wendy’s to close hundreds of American stores in bid to halt falling profit
Wendy’s plans to close hundreds restaurants in the United States over the next few months in an effort to boost its profit and make its remaining stores more appealing. The Dublin, Ohio-based chain…