Sales of Tesla electric cars fell sharply in the last three months as boycotts over Elon Musk’s political views continue to keep buyers away, a significant development given expectations that anger with the…
Category: Business & Economy
Airport passenger fees to gradually increase
New five-year spending plans for Sangster International Airport in Montego Bay and Norman Manley International Airport in Kingston indicate that Jamaica’s two largest airports will invest more than US$200 million in their operations,…
Developer urges NHT to spend more on inner-city housing
Real estate developer Michael Lake wants the National Housing Trust, NHT, to do more for the transformation of the inner-city communities of Kingston. Lake, a former chairman of the Jamaica Developers Association, JDA,…
New player El Mini enters truck dealership market with Chinese brand
Husband-and-wife team Mickoy Holness and Nickeisha Horne Holness have entered the truck dealership market as representatives of a Chinese brand. Holness, who has two decades of experience in trucking, said he was approached…
Yaneek Page | Content creation is not begging, it’s big business
QUESTION: Can Jamaicans really make money from creating content? BUSINESSWISE: Every week, at least one Jamaican asks me the same thing: How do I make money online from content? It has become the…
SVL wants to take over ownership of Caymanas Park
Supreme Ventures Group is putting US$100 million, or $16 billion in local currency, towards upgrades for Caymanas Park, the home of horse racing in Jamaica. But SVL Group Executive Chairman Gary Peart said…
Shortage of approved auditors delaying pension plan filings to FSC
Pension plans are not being audited in a timely manner due to a shortage of auditors approved by the Financial Services Commission, FSC, for what is a specialised task, the top spokeswoman for…
Getty drops copyright allegations in UK lawsuit against Stability AI
Getty Images dropped copyright infringement allegations from its lawsuit against artificial intelligence company Stability AI as closing arguments began Wednesday in the landmark case at Britain’s High Court. Seattle-based Getty’s decision to…
What closing the Strait of Hormuz would mean for oil
The war between Israel and Iran has raised concerns that Iran could retaliate by trying to close the Strait of Hormuz, the world’s most important oil chokepoint due to the large volumes of…
Cedric Stephens | AI is core to digital transformation
The demand for workers with artificial intelligence-driven skills is accelerating in all industries, globally. This was one of the findings of a report summarised in last Wednesday’s Gleaner titled The Fearless Future: PwC’s…