Southwest Airlines plans to eliminate about one-third of its flights to Atlanta next year to save money as it comes under pressure from a hedge fund to increase profits and boost the airline’s…
Category: Business & Economy
Carreras heading back west with the ‘Black Cat’
After moving from its sprawling Twickenham Park base near Spanish Town, St Catherine, in 2015, cigarette distributor Carreras Limited is moving back to a location that sits on the border of the parishes…
Large BPO firm Ibex closes two contact centres, slashes desks by a third
Global outsourcing company Ibex has scaled back its operations in Jamaica, closing two centres, and eliminating one-third of its contact desks, in the process. “We closed two sites during the year to optimise…
Seeking to counter China, US awards US$3b for EV battery production in 14 states
The Biden administration is awarding over US$3 billion to American companies to boost domestic production of advanced batteries and other materials used for electric vehicles, part of a continuing push to reduce China’s…
JMMB head calls for Gov’t to fulfil commitment to phase out asset tax
Chief Executive Officer of JMMB Group Limited, Keith Duncan, on Monday urged the Government to phase out the asset tax, citing the financial sector’s support during the COVID-19 pandemic. Duncan said that the…
Pepper, pimento in short supply
A shortage of key inputs, such as scotch bonnet peppers and pimento, is hindering at least one local manufacturing company from filling export orders for its products. Albert Bailey, CEO of Spur Tree…
Yaneek Page | The struggling entrepreneur’s guide to cashing in on social commerce
In my previous column, I shared that the emergence of social commerce in the Western world was a new gold rush, potentially blowing billions in opportunities for entrepreneurs and businesses in the Caribbean….
Sagicor X Fund makes first purchase in Cayman, taking more ‘assertive’ approach to investing
Sagicor Real Estate X Fund Chairman Howard Mitchell says a new deal for commercial property in Cayman Islands, acquired for US$10 million, is the opening play in a one-year programme that will reflect…
NMIA revenue to back US$440m bond by unknown issuer KingAir
Revenue flows from Norman Manley International Airport, NMIA, will secure a bond of up to US$440 million to be floated on the international market by unnamed entities, utilising a special vehicle called Kingston…
Google wins legal bid to overturn €1.5b antitrust fine
Google won a court challenge on Wednesday against a €1.49-billion (US$1.66-billion) European Union antitrust fine imposed five years ago that targeted its online advertising business. The EU’s General Court said it was throwing…