The state of Florida filed a lawsuit against OpenAI and CEO Sam Altman on Monday, claiming the company knowingly released and aggressively marketed ChatGPT to the public while concealing serious risks. Florida Attorney…
Category: Business & Economy
MoneyMasters breaks ground on US$25m 10-storey commercial project near Half-Way Tree
When Claudette Crooks set out in 2022 to build a commercial project in Kingston, she had a pointed challenge for Jamaica’s pension fund managers: Instead of investing incremental amounts in New York and…
Contractors sought for modernisation drive for Fantasy, Pagee and Success beaches
For most Jamaicans, a day at the beach means makeshift stalls, limited shade, and decades-old facilities but the Government plans to change that — upgrading three public beaches in quick succession, led by…
Introducing Argus, a robot with 20 legs and eyes built to move and see in any direction instantly
A robot being developed at Duke University is almost ready to face the world, in any direction. Instead of trying to copy symmetrical shapes from nature by building robots that look like people,…
Flow Jamaica revenue slips to US$103m as Hurricane Melissa weighs on subscribers
The telecoms provider Flow Jamaica posted revenue of US$103.2 million for the first quarter of 2026, or 2.0 per cent lower than a year earlier. It comes as the lingering effects of Hurricane…
Typical CEO pay hits US$17.7m as gap with workers widens to 200 years
The typical CEO compensation package rose nearly 6 per cent in 2025 to US$17.7 million, as company boards rewarded their top executives for bigger profits and higher stock prices, and gave them incentives…
PayPal’s online checkout empire is under siege as rivals squeeze its core business
PayPal helped invent online checkout. Nearly three decades later, it’s struggling to defend its turf. The iconic online payments company is facing its biggest challenge in nearly three decades of existence. Its core…
BOJ flags two quarters of above-target inflation, signals readiness to raise rates
The Bank of Jamaica (BOJ) expects inflation to climb above its six per cent target ceiling for at least two consecutive quarters and warned it stands ready to adjust interest rates if price…
BOJ holds policy rate at 5.5 per cent
The Bank of Jamaica (BOJ) Monetary Policy Committee (MPC) has unanimously agreed to maintain the policy rate on overnight placements by deposit-taking institutions at 5.5 per cent per annum.
Jamaica Drafts Road Construction Standards as Pothole Crisis Deepens
Jamaica’s state standards body has put forward a comprehensive road construction specification for public comment, a move that comes as billions of dollars in government road repair programmes face persistent criticism over the…