Business

Updated 19 hours ago

Oil prices rise 8.0 per cent, and Dow drops 800 points after Trump says ceasefire with Iran is ‘over’

Oil prices are rising, and stock markets are dropping worldwide Wednesday after President Donald Trump raised doubts about the temporary truce in the war with Iran.
The S&P 500 fell 1.0 per cent after Trump said the agreement to pause fighting was “over” though he added that he would allow negotiations to continue.

Read more
Business
Updated 4 hours ago by Luke Douglas

JP Farms: Banana, pineapple production return but more time needed for plantain
JP Farms has nearly recovered from two years of hurricane damage, with pineapples back to full production and bananas at roughly 90 per cent of pre-storm output. The St Mary-based company, which runs…
Business
Updated 4 hours 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…
Business
Updated 4 hours 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…
Business
Updated 4 hours 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…
Business
Updated 4 hours 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…
Business
Updated 4 hours 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…
Business
Updated 4 hours 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…
Business
Updated 4 hours 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…
Business
Updated 4 hours 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…