Business

A map of properties slated for public auction in August.
Updated 18 hours ago by Carolyn Guniss - Senior Business Reporter

Dozens of properties headed to auction amid jump in past-due loans

A commercial plaza, a medical facility, and resort-area properties are among dozens of mortgaged properties scheduled to be auctioned in August. It comes amid a three-quarter rise in past due loans across the financial sector, according to latest Bank of Jamaica (BOJ) data. Conducted by D.C. Tavares & Finson Realty Limited, the August 26 sale spans eight parishes. This list of 46 properties is not exhaustive but reflects the latest batch on the market.

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A plane lands at Ronald Reagan Washington National Airport in Arlington, Virginia.
Updated 18 hours ago

Caribbean air travel capacity shrinking, only behind Middle East

The Caribbean recorded the second-largest decline in airline seat capacity in the world after the Middle East in July when compared with year-earlier levels, according to the OAG, a UK-based travel…
Updated 18 hours ago

Grace turns the corner on Melissa

GraceKennedy’s recovery from the disruption caused by Hurricane Melissa gathered momentum in the second quarter, helping to lift profits as its food operations rebounded and its financial services…
Ricardo Hutchinson, director of Portland JSX Ltd
Updated 18 hours ago by Carolyn Guniss

JSE suspends Portland JSX shares as audited accounts become 91 days overdue

The Jamaica Stock Exchange (JSE) has suspended trading in the shares of investment company Portland JSX Ltd (PJX) after it failed to submit its audited financial statements for the year ended February…
VM Group Ltd (contributed).
Updated 17 hours ago by Carolyn Guniss

VM Group ends 60-year audit relationship with KPMG

VM Group has ended a roughly 60-year relationship with KPMG, appointing PricewaterhouseCoopers (PwC) as its new external auditor after shareholders approved the change at Tuesday’s annual general…
Francis Wade
Updated 18 hours ago

Francis Wade | Your Strategy Failed. Culture Isn’t Why.

As a member of the C-suite, you want answers. Your team’s recent strategic plan was not implemented. Some blame company culture. Fortunately, AI has opened a path around that explanation. The problem…
Pages from the Anthropic website and the company’s logo are displayed on a computer screen in New York, Feb. 26, 2026.
Published 22 hours ago

Anthropic says its AI models hacked 3 organisations during testing

Anthropic said its artificial intelligence models hacked into three other organisations during testing, just days after ChatGPT maker OpenAI raised concerns over AI controls after it disclosed its…
Business
Published 22 hours ago

Major oil companies reap massive profits as US and Iran fighting drives energy prices higher

American oil and gas giants raked in massive spring profits while fighting between Iran and the US impeded petroleum shipments and consumers around the world paid more for fuel and confronted…
Traders work on the floor at the New York Stock Exchange in New York, Monday, July 6, 2026.
Published 22 hours ago

US stocks rise to finish a wild July as Amazon soars, Apple sinks and inflation worries worsen

US stocks rose Friday to finish a wild July for Wall Street as Amazon leaped, Apple sank and rising oil prices worsened worries about inflation staying high. The S&P 500 climbed 0.7 per cent after…
Ed Miliband, Britain’s Foreign Secretary arrives for a Cabinet meeting in Downing Street in London, Tuesday, July 21, 2026.
Updated 18 hours ago

Amina Taylor | Can the King of the North rally Britain?

The King of the North has arrived to Downing Street. Andy Burnham is officially the prime minister of the UK, a role he seemingly inherited in the most bloodless of coups. In what could have been a…