Business

Updated 1 hour ago by Neville Graham

CAC 2000 breaks profit drought

CAC 2000 Ltd has returned to profitability for the first time in four quarters, delivering a modest second-quarter profit as management intensifies efforts to collect outstanding receivables, manage…
Updated 1 hour ago by Carolyn Guniss

Slow claims in spotlight as FSC reviews ‘average clause’ after Hurricane Melissa

Many policyholders still await settlement of their insurance claims more than eight months after Hurricane Melissa battered the island, prompting the Financial Services Commission (FSC) to…
Updated 1 hour ago

Prepare workforce for jobs that do not yet exist, says PSOJ president

The Private Sector Organisation of Jamaica (PSOJ) wants greater focus on training the workforce in artificial intelligence (AI) and other technical fields to future-proof the country’s labour force…
Updated 1 hour ago

Cedric E. Stephens | Promoting resilience in an age of climate risk – if the regulator can keep up

Today’s comments should be read and interpreted in the context of Christopher Burgess, PhD, civil engineer, land developer, climate change scientist, and managing director of CEAC Solutions, who…
Updated 1 hour ago

Oran A Hall | Where you live determines level of price changes you experience

When the Statistical Institute of Jamaica (STATIN) announces changes in the level of prices in Jamaica, it is not saying that all residents experienced the same degree of price changes over the period…
Updated 1 hour ago

IMF expects world economy to grow 3% this year

The International Monetary Fund (IMF) on Wednesday modestly downgraded its outlook for the world economy this year, citing the energy shock caused by the Iran war. But the fallout from the conflict is…
Updated 1 hour ago

Polymarket in high-stakes race to win back trust as it recommits to US market

After four years in exile, the prediction market platform Polymarket has begun a well-funded campaign to sell a new version of itself to the American public. To do so, the company is trying to…
Updated 1 hour ago

AI note-takers promise easy meeting recaps, but becomes data someone else holds

Launching an artificial intelligence (AI) tool to take notes and summarise important information from a virtual meeting can be alluring. Seconds after one of the agents attends an hour-long video…
Updated 1 hour ago

Meta plans billions for its largest AI data centre outside US

Facebook and Instagram parent Meta said on Wednesday it will invest more than US$9.1 billion to build its first artificial intelligence (AI) data centre in Canada and its largest outside the United…