Brazil’s national data protection authority determined on Tuesday that Meta, the parent company of Instagram and Facebook, cannot use data originating in the country to train its artificial intelligence. Meta’s updated privacy policy…
Category: Business & Economy
Markets closed by Beryl
There will be no trading in on the Jamaica Stock Exchange today, July 3, due to the pending hurricane. The intention is to stay closed for a day during the passage of Hurricane…
JSE suspends two more stocks
The Jamaica Stock Exchange, JSE, suspended two more stocks on Tuesday over the late filing of the December 2023 year-end audited accounts. The suspended stocks are tech distributor and Xerox agent Productive Business…
Issa’s e-bike venture up for sale
Businessman Elias ‘Lee’ Issa wants to sell the dealership for the Ellesco electric bike brand, which he brought to Jamaica in 2021. “Thriving opportunity to buy ebike and warehouse equipment business,” read a…
EU accuses Facebook owner Meta of breaking digital rules with paid ad-free option
European Union regulators accused social media company Meta Platforms on Monday of breaching the bloc’s new digital competition rulebook by forcing Facebook and Instagram users to choose between seeing ads or paying to…
Barita seeking partners to develop its real estate assets holdings
Barita Investments Limited isn’t ready yet with a date on when it plans to start developing the large property holdings it controls. “We are doing market studies and getting the market information to…
EduFocal chops staff, pilots new software to turnaround company
After registering big losses over the past two years, online learning company EduFocal Limited is banking on the introduction of new exam marking software, new clients and cutting more than half of its…
BOJ keeps rates stable despite waning inflation
The Bank of Jamaica (BOJ) expects inflation to stay within the 4.0 to 6.0 per cent target range in the forthcoming months, but says it will keep its key interest rate unchanged at…
Gov’t renting large chunk of new space in Kingston, BPO moving into Bolt’s building
Government entities will occupy a large chunk of the new office space that has come on the market in the capital city in the past few months, checks by the Financial Gleaner show….
Mother’s expanding via gas stations and more
Food service company Mother’s Enterprise Limited is ramping up its expansion programme through new partnerships with gas station operators, and others. After opening the doors to a new brand, Mother’s Café, at the…