America’s employers delivered a surprising 115,000 new jobs last month despite an economic shock from the Iran war. Hiring beat the 65,000 jobs forecasters had expected, though it decelerated from the 185,000 jobs…
Category: Business & Economy
Higher air fares as Spirit’s low-price floor vanishes
The cheapest one-way seat from Fort Lauderdale to Kingston cost US$107 when Spirit Airlines was flying. Today, it starts at about US$157 — nearly 50 per cent more — based on current fares…
Shipping firms punished over Strait of Hormuz impasse
With hundreds of vessels still stuck in the Persian Gulf and costs piling up, shipping companies are being whipsawed by uncertainty over how and when the Strait of Hormuz might reopen more than…
GraceKennedy unit disputes J$403-million Guyana tax claim
GraceKennedy Limited’s remittance subsidiary in Guyana has received its third disputed tax assessment from the Guyana Revenue Authority (GRA), based on a company reclassification that GraceKennedy said contradicts more than two decades of…
Summit property put up for auction
The former Knutsford Court Hotel property in New Kingston will go up for auction on June 3, according to a notice published in The Gleaner. “Deposits payable immediately by certified cheque or bank transfer,”…
Shares of eBay take off on a $56 billion buyout bid from GameStop’s Ryan Cohen
Shares of eBay are soaring before the opening bell Monday as Ryan Cohen’s GameStop pursues an approximately US$56 billion takeover of the company, seeing it as a vehicle to compete with online retail…
Cricket West Indies expects losses of US$26m this year
Cricket West Indies (CWI) management expects the organisation to incur a further loss of US$26 million this year before returning to profit in 2027, as the body grapples with the financial consequences of…
Caribbean Cement posts higher profit as hurricane recovery lifts demand, output
Caribbean Cement Company Limited posted stronger first-quarter profit in 2026, capitalising on expanded production capacity and hurricane-driven demand after a year in which annual output fell to a near five-year low.
Caribbean Cement annual output fell to five-year low
The kiln expansion at Caribbean Cement Company Limited (CCCL) failed to lift output past one million tonnes in 2025 as production dipped below 2020 pandemic levels, according to data in its annual report….