Amid a looming ban on TikTok in the United States, content creators have been pushing the platform’s sister app. Lemon8 resembles an amalgamation of the types of short-form videos found on TikTok and…
Category: Business & Economy
Trump says he will change the name of the Gulf of Mexico
President-elect Donald Trump said Tuesday that he would move to try to rename the Gulf of Mexico to the “Gulf of America”, a name he said has a “beautiful ring to it.” It’s…
Gas prices going up
Motorists will pay more for gas when they go to the pumps on Thursday. The state-owned oil refinery, Petrojam, says E-10 87 is to move up by $1.78 to sell for $154.13 per…
Innovative Energy inks distribution deal with Huawei Technologies
Innovative Energy Group Limited, IEG, has signed a distribution agreement with Huawei Technologies that’s projected to achieve US$50 million in sales over five years, amid the Chinese tech company’s push for market share…
TEF considers app to spur tourism investment
The Tourism Enhancement Fund, TEF, wants consultants to develop a mobile app showcasing top investment locations in Jamaica to spur investments by locals and foreigners. “The average Jamaican may be unaware of how…
Nippon, US Steel sue over scuttled deal
Nippon Steel and US Steel filed a federal lawsuit on Monday challenging a Biden administration decision to block Nippon’s proposed US$15-billion acquisition of the Pittsburgh company and said that the head of the…
The LAB invests $133 million on content in 2024
The media company Limners and Bards Limited (The LAB) spent $133 million on content development for its latest financial year, that it expects to license going forward. The company said it will focus…
JSE made gains in 2024
The Jamaica Stock Exchange (JSE) gained some 3.0 per cent in 2024, pushing the market to a $2.1 trillion valuation. “I expect that the trend, though marginal for 2024, will continue into 2025,”…
Investors shifting fund to equities and bonds
Dealmaker Dan Theoc expects 2025 to attract institutional investors back to the stock market and longer term bonds for inflation-beating opportunities. Theoc, who heads the investments banking division at Mayberry investments, expects the…
Pulse profits plunge
Pulse Investments reported a double-digit fall in earnings for the September first quarter which followed on from write-downs to end its financial year. The company continues to transition after the passing of its…