Pickpockets were once the biggest worry for travellers heading to new destinations on vacation. But travel scams have become more sophisticated, and scammers using new artificial intelligence tools have become better at creating…
Category: Business & Economy
Scotia Group Q3 profit rises 10% ahead of buyout vote
Scotia Group Jamaica Limited’s third-quarter profit rose some 10 per cent to $6.1 billion on stronger lending and higher fee income, less than four weeks before minority shareholders vote on its majority owner’s…
United Oil commissions drill study as farm-out deadline nears
London-listed United Oil & Gas Plc has commissioned a study of offshore drilling rig-availability and costs for its Walton-Morant licence off southern Jamaica, the company said in filings. “This drilling study marks an…
Privy Council to weigh bid to appeal in dispute involving Jamaican tech founders
Tech founder Gordon Swaby is seeking permission to appeal a ruling in favour of digital marketing founder Kemal Brown to the Judicial Committee of the Privy Council in London, Jamaica’s final court of…
Why investors held on to their GOJ bonds
The Government of Jamaica (GOJ) launched an invitation for bondholders of the notes due in 2028, 2036 and 2039 to exchange their notes for cash as the country restructures its debt profile. The…
MoBay passenger traffic stalls at a fifth below pre-Melissa levels
Passenger traffic through Sangster International Airport remained 23 per cent below year-earlier levels in August, with the shortfall little changed since June despite a steep recovery in the first half of the year….
ECB raises interest rates a quarter point to quell energy-fuelled inflation
The European Central Bank (ECB) raised interest rates on Thursday to cool inflation that is being fed by high oil prices from the Iran war. The decision was supported by a stronger-than-expected economy…
Oil hits above US$100 a barrel once again
Oil prices shot past US$100 a barrel on Wednesday as fighting between the US and Iran escalated, threatening to increase costs for consumers and businesses worldwide. Brent crude, the international standard, climbed into…
Broadcom’s AI chip sales more than triple as custom silicon orders build
Large semiconductor company Broadcom reported record revenue, operating income and free cash flow for its third fiscal quarter, with revenue rising 86 per cent from a year earlier to US$29.6 billion for the…
New Apple CEO unveils latest iPhone line-up, including a foldable model called Duo
Apple on Wednesday unveiled its latest generation of iPhones, including a widely anticipated foldable version called Duo. The company’s new CEO, John Ternus, who took over from Tim Cook on September 1, introduced…