Category: Business & Economy

Chipmaker Nvidia will invest US$100 billion in OpenAI as part of a partnership announced Monday that will add at least 10 gigawatts of Nvidia AI data centres to ramp up the computing power…

Entrepreneurs involved in the production of clothing locally say the sector remains viable but mostly in particular niches, as garment makers are unable to compete with cheaper imports, mainly from China. Custom-made clothing,…

Low and stable inflation contributes to economic stability and economic growth and is good for the general economy, businesses and individuals. Low inflation fosters confidence and optimism. Businesses are better able to predict…

Jamaican businesses are bracing for a potential uptick in prices, despite falling annual inflation, which was estimated at 1.2 per cent in August, one of the lowest levels in recent years. “Respondents indicated…

The Fair Trading Commission, FTC, has released draft guidelines that could shake up the system utilised by certain companies to select third-party service providers. Customers are often directed to the so-called ‘panels’ for…

The United States Federal Reserve cut its key interest rate by a quarter-point Wednesday and projected it would do so twice more this year as concern grows at the central bank about the…

Kingston Properties Limited, KPREIT, has been forced to write off a US$1.38-million investment following the foreclosure on a United States-based real estate asset, marking a rare setback for the real estate investment trust….

Lumber Depot Limited is exploring expansion as the retailer grapples with inadequate operating space at its base in Kingston. “We have approached a range of properties that would serve our expansion needs for…

Brazil’s President Luiz Inácio Lula da Silva on Sunday pushed back against a 50-per cent tariff on Brazilian imported goods to the United States, arguing that it was “political” and “illogical”. Lula said…

Increased costs and a general slowdown in consumer demand spliced into Wisynco Group Limited’s bottom line at year ending June, but the beverage manufacturer and consumer goods distributor says it has since seen…