The US economy expanded at a sluggish 1.5 per cent pace from April through toJune as rising imports weighed on growth, yet consumers continued to spend. And the Federal Reserve’s favoured measure of…
Category: Business & Economy
Why Jamaican athletes should prepare for life after sports
Our athletes are busy, and there are opportunities for professionals and amateurs. Some are making good money, and others are on the cusp. But money can be fleeting and the active years relatively…
Microsoft beats Wall Street expectations with US$90b in revenue
Microsoft posted strong results for its quarterly earnings on Wednesday, beating expectations and showing strong growth in its cloud computing platform and a boost in paid AI users. The Redmond, Washington company earned…
Russia accuses Telegram CEO of aiding terrorism
Russian authorities said on Wednesday that tthey had charged Pavel Durov, the founder and CEO of the messaging app Telegram, with aiding terrorism, the latest step by the Kremlin to bring the Internet…
Fed leaves interest rate unchanged but with 3 dissents as Warsh praises ‘good family fight’
The US Federal Reserve left its key interest rate unchanged Wednesday, although three officials dissented in favour of higher rates as the central bank wrestles with how to deal with persistently high inflation….
Derrimon to sell Drax Hall lands to REIT managed by Different Capital
Derrimon Trading plans to sell a 12.36-acre parcel of land in Drax Hall, St Ann, to an entity managed by Different Capital at roughly 40 per cent below its independently appraised market value…
China memory chipmaker CXMT’s shares soar in blockbuster share listing in Shanghai
Shares of CXMT, China’s largest memory chipmaker, shot skywards on Monday as they began trading in Shanghai in mainland China’s biggest initial public stock offering in recent years. CXMT’s shares surged 466 per…
Remittance market flattens, but provider MFS Capital aims to target underserved areas
Remittance inflows are flat amid fewer providers, but MFS Capital Partners aims to profit by securing licences to operate along key corridors. The company secured licences for remittance services at its new branch…
Kaya tests market with protein-infused beverages through Israeli partnership
NUGL, Inc, the operator of Jamaica’s Kaya cannabis brand, said it is testing the market uptake of protein-infused beverages in partnership with Israeli food technology company Cannibble Food-Tech Ltd. The pilot programme will…
