Amazon’s Zoox on Wednesday launched its robotaxi service in Las Vegas, offering free rides through parts of the entertainment mecca for anyone willing to gamble on the safety of a driverless vehicle. The…
Category: Business & Economy
JSE chooses new leader
The Jamaica Stock Exchange, JSE, began the transition to new leadership on Monday, closing out a two-decade run by Marlene Street Forrest, who twice took the Jamaican stock market to world leader status….
Scotia Group reports steady profit, robust loan activity
Banking conglomerate Scotia Group Jamaica Limited, SGJ, posted steady third-quarter profit of $5.6 billion, a gain of just two per cent. There was a downward revision in the group’s pension plan assets by…
China’s export growth slows in August
China’s exports grew last month but at a slower pace than in recent months, the country’s customs agency said Monday. Exports reached US$321.8 billion in August, a 4.4 per cent increase compared to…
Island Grill to add seven more stores
Island Grill now has 18 stores in its portfolio, but plans to ramp up those numbers to at least 25 within four years, a project in which it will invest about US$10 million…
Yaneek Page | The JLP’s promises for small businesses: which will matter most?
The 2025 general elections are over. The ballots have been counted, victory speeches delivered, and Jamaica Labour Party supporters are celebrating a third consecutive term with 34 seats in parliament and 51 per…
Mayberry doubles stake in microlender Keoworld due to Amex deal
Mayberry Group has doubled its private equity stake in Keoworld, a fast-growing Miami-based fintech firm now positioned to absorb a segment of American Express’s international credit card business. The value of Mayberry’s stake…
Election spending a boon for some businesses
With the general election reaching its climax on Wednesday, September 3, some businesses are counting windfall earnings from the provision of goods and services to boost both major political parties in their quest…
Constellation Brands lowers sales forecast as consumers buy less beer
Constellation Brands, which owns the Modelo and Corona beers in the United States, lowered its full-year sales and profit outlook Tuesday, citing falling demand among Hispanic customers in particular. Constellation President and CEO…
Spirit Airlines files for bankruptcy again but vows to keep flying
Budget carrier Spirit Airlines said Friday that it has filed for fresh bankruptcy protection just months after emerging from a Chapter 11 reorganisation. The ultra low-cost airline said it plans to keep flying…