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The Bank of Jamaica (BOJ) expects borrowers to fall behind on loan payments in the wake of Hurricane Melissa, with non-performing loans (NPLs) projected to double. The central bank said the fallout from Hurricane Melissa – one of the most severe...
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The Jamaican rum industry projects a double-digit decline in output for the 2025-2026 season, a blow reverberating across the sugar and spirits sectors due to the impact of Hurricane Melissa. Christopher Gentles, general manager of the Spirits...
The Bank of England on Thursday cut its key interest rate for the first time in four months as stubbornly high inflation that has plagued British consumers and businesses starts to ease. The central bank’s policymakers voted 5 to 4 to reduce the...
After a half-century immersed in the world of trade, customs broker Amy Magnus thought she had seen it all, navigating mountains of regulations and all sorts of logistical hurdles to import everything, from lumber and bananas to circus animals and...
Japan’s space agency said its H3 rocket carrying a navigation satellite failed to put the payload into a planned orbit, a setback for the country’s new flagship rocket and its space launch programme. Monday’s failure is the second for Japan’s new...
Two NATO-nation intelligence services suspect that Russia is developing a new anti-satellite weapon to target Elon Musk’s Starlink constellation with destructive orbiting clouds of shrapnel, with the aim of reining in Western space superiority that...
Bourbon maker Jim Beam is halting production at one of its distilleries in Kentucky for at least a year as the whiskey industry navigates tariffs from the Trump administration and slumping demand for a product that needs years of aging before it is...
India and New Zealand announced Monday they have reached a free trade deal, seeking to deepen economic ties and shore up growth at a time of mounting global trade uncertainties. The move comes as New Delhi accelerates efforts to diversify export...
Elusive street artist Banksy appeared to confirm Monday that a new mural in London, depicting two children lying down and pointing up at the sky, is his latest work. The artist posted two photos of the artwork on his official Instagram account...
Dozens of energy developers, experts, and politicians say there were some highs amid a lot of lows in a roller coaster year for clean energy as President Donald Trump worked to boost polluting fuels while stymying wind and solar. Surveyed by The...
It’s shoppers like Quinn Kelsey who keep department store executives up at night. The 38-year-old Denver resident gets makeup ideas from TikTok videos and other social media content, not salespeople at beauty counters. She uses an AI chatbot to get...
Most Americans aren’t making end-of-year charitable giving plans, according to the results of a new AP-NORC poll, despite the many fundraising appeals made by nonprofits that rely on donation surges in the calendar’s final month to reach budget...
Accompanying Time’s annual Person of the Year selection Thursday is a magazine cover that resembles the “Lunch Atop a Skyscraper” photograph from the 1930s, showing eight of the “Architects of AI” sitting on a beam. “This was the year when...
Hurricane Melissa might have wiped out more than 90 per cent of Jamaica’s sorrel crop, but at least one local company had the foresight to stockpile the product in anticipation of increased demand for Christmas. Learning from the experience of...
Kingston-based Ian Randle Publishers (IRP) has entered into a partnership agreement with the renowned Johns Hopkins University in the United States that will see the publication of two new books each year on an open range of subjects. The first...
Two Caribbean CEOs retired recently from similar sized companies. Marcus left with emotional tributes, his board praised his “collaborative leadership”, his team genuinely mourned his departure, and his farewell was attended by three cabinet...
