Business
April 24, 2026
SpaceX to buy AI ‘vibe-coding’ platform Cursor for US$60b
SpaceX says it has the rights to buy artificial intelligence (AI) coding tool Cursor for US$60 billion later this year as Elon Musk’s space exploration and AI company looks for ways to compete with…
April 23, 2026
EU close to approving release of US$106b loan to Ukraine
European Union (EU) envoys gathered on Wednesday, with most cautiously optimistic that a massive loan to help meet Ukraine’s military and financial needs for the next two years is close to being…
April 22, 2026
Cannabis industry on a $10b high despite Melissa
Jamaica’s legal cannabis industry was valued at US$63 million, or more than J$10 billion, in 2025, up nearly two-thirds higher year-on-year, according to the Cannabis Licensing Authority (CLA), which…
April 22, 2026
Petrol price hike viewed as opportunity for Knutsford Express
Cross country bus service, Knutsford Express Services Limited (KEX) argued that the rise in petrol prices due to the conflict in the Middle East could benefit its business. CEO Oliver Townsend said…
April 22, 2026
Jamaicans shift deposits to US dollars at accelerated pace in 2025
Jamaicans and local businesses moved the equivalent of J$95 billion into US dollar accounts at a pace six times faster in 2025 than the year before, amid Hurricane Melissa uncertainty, according to…
April 22, 2026
FTC staff recommends clearing Observer-Gleaner joint venture
The Fair Trading Commission’s (FTC) staff has raised no objection to a proposed joint venture to print the Jamaica Observer and The Gleaner at a central location under a jointly owned entity. The…
April 22, 2026
Confidence results mixed for first quarter 2026
Consumer and business confidence in Jamaica delivered mixed results in the first quarter of 2026. Households recovered some ground lost after Hurricane Melissa, but businesses became more cautious as…
April 22, 2026
Tim Cook will step down as Apple CEO and hand reins over to the iPhone maker’s hardware leader
Apple CEO Tim Cook is stepping down from the job that he inherited from the late Steve Jobs, ending a 15-year reign that saw the company’s market value soar by more than US$3.6 trillion during an…
April 22, 2026
TSMC profits jump 58% in March quarter on AI demand
Taiwan’s chipmaker TSMC, one of the world’s largest companies, reported a 58 per cent jump in profit on Thursday for the January-March quarter, thanks to strong demand driven by the artificial…