In a recent series of articles, Professor C. Justin Robinson, pro-vice-chancellor and principal of The University of the West Indies Five Islands Campus, introduced the concept of the ‘endurance economy’. A reader shared…
Category: Business & Economy
Melania Trump rings New York Stock Exchange opening bell to launch new women’s initiative, Imperia
Melania Trump rang the opening bell at the New York Stock Exchange (NYSE) on Wednesday to promote her new initiative to help women become leaders and achieve economic power. It’s called Imperia, and…
JBG forensic sweep finds no new irregularities amid $6.8b loss
Jamaica Broilers Group (JBG) said it conducted a forensic review of its electronic communications and found no accounting irregularities beyond those already disclosed, the poultry group said in audited statements that report a…
Federal Reserve rate hike reflects new world of sticky inflation and faster growth
President Donald Trump has renewed his attacks on the Federal Reserve after it hiked its benchmark interest rate on Wednesday, but the Fed matters less than broader economic trends when it comes to…
CG United presses expansion despite US$62m Melissa claims bill
Hurricane Melissa cost CG United Insurance Jamaica US$62 million in claims and pushed it to loss position, but it’s still in growth mode. “Overall, CG United Jamaica had 209 reported claims,” Country Manager…
Google fined $463 million for breaching EU rule on location data
Google has been fined 403 million euros (US$463 million) for breaching the European Union’s strict privacy rules because it mishandled users’ location data, the bloc’s data privacy watchdog said on Monday. Ireland’s Data…
A CEO’s ego –Now clinging to prior success
Your CEO has a strong ego. Most successful ones do. It carried him through the growth years, and it now sits at the centre of every conversation about the company’s future. Right now,…
Sandals reportedly in US$6-billion talks with Royal Caribbean
Shares of Royal Caribbean Group fell 6.1 per cent on Tuesday after the Financial Times (FT) reported that the cruise operator stands close to a deal to acquire a majority stake in Sandals…
Paramount reaches deal with US states to settle case challenging Warner buyout, AP source says
Skydance-owned Paramount reached a settlement Monday with a group of state attorneys general that had sued to challenge the company’s buyout of Warner Bros Discovery, effectively paving the way for the mega merger…
Japan’s central bank raises interest rate to 1.25%, the highest in 31 years
Japan’s central bank on Friday raised the benchmark interest rate to 1.25 per cent from 1.0 per cent, a 31-year-high. The Bank of Japan has been trying to normalise monetary policy after decades…