Business

August 21, 2026

Walmart cautious with expectations after slowest sales growth in six years

Walmart reported its slowest growth in United States comparable sales in six years during its most recent quarter, and the retailer’s guidance for the rest of the year was seen as cautious by Wall…
A visitor walks in front of Alibaba’s booth during the 3rd China International Supply Chain Expo at the China International Exhibition Center in Beijing, China, in July 2025.  AP
August 21, 2026

Alibaba quarterly profit drops 75% as AI investment spending grows

China’s technology giant Alibaba on Thursday reported a 75 per cent drop in profit for the latest quarter as it invested big in artificial intelligence (AI) infrastructure, even as revenue coming from…
Specialist Dilip Patel working on the floor of the New York Stock Exchange on Thursday, July 30 in New York.  AP
August 21, 2026

Higher yields in bond market and drop for Walmart drag US stocks lower

A rise in oil prices on Thursday is sending worries about inflation and yields in the bond market higher, erasing some of the relief the United States Treasury Department created the day before. The…
This image provided by Google in August 2026 shows its line-up of Pixel 11 phones, the Pixel Watch 5 and earbuds.
August 20, 2026

Google unveils latest Pixel phones with slimmer cameras and more AI features

Google on Wednesday unveiled its latest line-up of Pixel phones, with slimmer cameras that include more a powerful zoom and artificial intelligence features designed to help users accomplish things…
Stafford Burrowes co-founder of Dolphin Cove Ltd
August 20, 2026 by Luke Douglas

Dolphin Cove seats new board members, as buyer takes control

Dolphin Cove Limited shareholders on Monday approved four new directors nominated by Global Attractions Limited, the Saint Lucia-based entity that agreed in July to acquire a 79.99 per cent stake in…
NHT
August 19, 2026 by Neville Graham

Modular homes worth $3.1b arriving

Families displaced by Hurricane Melissa are set to receive modular homes as the bulk of 2,500 units purchased by the National Housing Trust (NHT) under a $3.1 billion emergency contract with Chinese…
August 19, 2026

Jamaica’s net remittances jump 9.3% in June, marking strongest monthly gain this year

Net remittance inflows to Jamaica rose 9.3 per cent in June to US$292.8 million, the sharpest year-over-year monthly increase so far in 2026, according to data published by the Bank of Jamaica. The…
Sangster International Airport in Montego Bay.
August 19, 2026

Kingston air traffic grows while Montego Bay passenger volumes and Falmouth cruise arrivals lag

Airport and cruise arrivals to the island point to an uneven summer recovery. The Norman Manley International Airport (NMIA) in Kingston posted passenger growth in July, bucking a broader pattern of…
Clayton Williams, president of the Jamaica Cocoa Farmers’ Association.
August 19, 2026

Jamaica’s cocoa output halves as ageing trees drag production to new lows

Jamaica’s cocoa production has fallen to roughly half its recent output, constrained by an ageing tree stock and a greying farmer base. It has prompted calls to fast-track an ongoing national…