Kintyre Holdings (Ja) Ltd has acquired a majority stake in an electric vehicle (EV) dealership in a deal expected to reach $100 million, financed through the issuance of new shares, marking the company’s…
Category: Business & Economy
Digicel flags regulatory concerns over SpaceX’s global 5G cellular ambitions
Digicel Group has raised concerns about regulatory parity as SpaceX moves ahead with plans to deliver 5G connectivity directly to unmodified cell phones — a development that comes as Starlink’s satellite internet service…
Jamaica airport workers earn equal pay overall, but that figure masks gender imbalances underneath
Women and men, on average, earn equal pay at Jamaica’s two largest airports, but that overall equity conceals imbalances at the operational, management, and executive levels, according to the Sustainability Report 2025 released…
In boost to Musk, Justice Department seeks to dismiss air pollution lawsuit against xAI data centre
The Trump administration is helping one of Elon Musk’s companies fight a civil rights lawsuit that alleges it is illegally running dozens of natural gas turbines to power a US$20 billion AI data…
Summit auction rescheduled for today
The auction of the former Knutsford Court Hotel in New Kingston has been rescheduled to June 17 after the original sale date was postponed. “The vendor is selling under powers of sale contained…
UCC seeks US$15m to launch Trelawny ‘smart city’, invites six universities as partners
The University of the Commonwealth Caribbean (UCC) aims to raise US$15 million to complete land acquisition for EcoVista, a 283-acre development in Trelawny. The plan involves building a university-anchored smart city. UCC plans…
Fox Corp. to Buy Roku in US$22 Billion Streaming Deal
Fox Corp. has agreed to buy streaming pioneer Roku in a cash-and-stock deal valued at roughly US$22 billion, including debt. Roku will continue to be run as an open, partner-friendly platform, the companies said…
Main Event losses mount
Main Event Entertainment Group’s (MEEG) losses grew more than fourfold in the April second quarter to $45 million as the company cut costs to reflect the challenging events market.
Mayberry CEO: Scotiabank Buyout Will Inject C$500m Into Market, But at a Cost
The buyout of Scotia Group Jamaica Limited’s (SGJ) minority shareholders will pump roughly C$500 million into the local market in the short term, but will permanently shut out local investors from one of…
Jamaica can run totally on renewables, says Uruguay expert
Jamaica can run fully on renewable energy, according to the architect of Uruguay’s landmark energy transition, who urged the island to move beyond incremental targets. “I will assure you that it will be…