Business

Brazilian police launched a police operation on Thursday to dismantle a major tax-evasion and money-laundering scheme in the fuel sector. The group under investigation is Brazil’s largest tax debtor, owing more than 26 billion reais (US$4.8...

Arc Manufacturing Limited has filed a lawsuit against Tank-Weld Metals Limited, accusing Jamaica’s largest steel distributor of abusing its dominant position in the rebar market through predatory pricing practices that allegedly crippled ARC’s...

AI is often portrayed as the harbinger of a prosperous, more efficient future. But the machines driving this revolution depend on a resource far older – and far more contested – than data or electricity: water. As the Heinrich Böll Foundation’s...

As was expected, the government’s provisional estimate of the damage caused by Hurricane Melissa has increased. In one instance, the numbers climbed from a base of US$6-7 billion to US$8.8 billion. In the other, a newspaper editorial reported an...

Lumber Depot Limited is expecting increased business, at least for the remainder of 2025, as property owners affected by Hurricane Melissa look to rebuild their damaged homes. But beyond that, the impact is uncertain, as many of the construction...

Travellers to Jamaica fell sharply in October 2025, underscoring the immediate impact of Hurricane Melissa on the country’s tourism and travel markets. Despite making landfall just three days prior to month-end, the storm caused double-digit...

Bondholders are set to vote in December on terms for payment or an extension of the outstanding bonds issued by companies ultimately controlled by investor and chairman of Portland Private Equity, Michael Lee-Chin. Arising out of a meeting convened...

The Planning Institute of Jamaica, PIOJ, says said that while the country should expect a recession, steps are being taken to strengthen the economy’s ability to withstand future weather shocks. The agency is forecasting economic decline in the...

After an agreement from UN climate talks in the Amazon that fell short of many nations’ expectations, experts found some bright spots alongside weighty reasons for worry in the fight against global warming. The Associated Press asked 17 experts –...

In the wake of Hurricane Melissa, Spur Tree Spices Jamaica Limited says it manufacturing operation has suffered no downtime due to its decision to stockpile raw material for the range of seasonings and sauces it produces. It comes amid extensive...

Sygnus Real Estate Finance Limited has closed its financial year on a strong note, with a 150 per cent surge in net profit, buoyed by significant fair value gains on investment properties and joint ventures. Reporting to investors, Chief Investment...