After his swearing-in ceremony on January 1, Brazil’s Luiz Inácio Lula da Silva walked up the ramp to the presidential palace arm in arm with Indigenous leader Raoni Metuktire, instantly recognisable by his…
Category: Business & Economy
Europe leads on roll-out of crypto rules
The European Union’s sweeping set of beefed-up cryptocurrency rules got final approval from member states on Tuesday, giving the 27-nation bloc a global lead in regulating the freewheeling sector. The European Council adopted…
Heads of failed banks questioned on executive pay, risk management
Executives from two large American banks that failed dramatically in March appeared in front of the Senate Banking Committee on Tuesday to respond to questions about why their banks went under and what…
JP’s European dream
THE Jamaica Producers Group has set its sights on substantial growth in its juice business in Europe, having now upgraded the production facilities to be more efficient in the face of inflationary pressures…
Trinidad-based Agostini’s snaps up Health Brands
Agostini’s Limited (AGL) has signed a sale and purchase agreement to acquire Health Brands Limited in its latest acquisition of a distribution company across North America and the Caribbean. Health Brands is a…
GK inks remittance deals with Lynk, Courts, posts strong results
Rising sales of GraceKennedy products across Jamaica was tagged as one of the major contributors to double-digit growth posted by the conglomerate for the first quarter ending March, despite an economic climate that…
Stocks drift lower as US struggles to reach debt deal
NEW YORK, United States (AFP) – European and US stock markets mostly drifted lower Tuesday as traders awaited possible developments on a US debt deal necessary to avert a default. Sentiment was also…
Local chocolatiers increase cocoa uptake, but exports fluctuate
The official data on cocoa is lagging, but businesses and the regulator overseeing the market say more cocoa-based products are being produced in Jamaica, and as part of the trend, more local beans…
Roots buys Mother’s Enterprise
Roots Financial Group has acquired patty maker and food chain Mother’s Enterprise Limited for an undisclosed sum. “We acquired 100 per cent of Mother’s Enterprises,” said Kevin Donaldson, a former investment banker and…
No real estate licence, no deal
Anthony Tharpe, CEO of the Caribbean Real Estate Fund Limited, otherwise known as Careif, has been canvassing for industry support following a loss in the Court of Appeal which means, he says, that…