Business

08 Jul, 2026 0

A BOJ economist reveals early warning tool for Jamaica’s next financial crisis
A Bank of Jamaica (BOJ) economist has proposed an early-warning tool designed to spot the warning signs of a financial crisis years before it hits, offering policymakers a chance to act preemptively.…
08 Jul, 2026 0

Walker divests connection to $23b WIPT shares in taking Petrojam’s top job
Danville Walker has divested his interest in an entity holding $23 billion worth of shares in West Indies Petroleum Terminal (WIPT), in taking up the top job at Jamaica’s state-led refinery,…
08 Jul, 2026 0

US firm wins J$1.87 billion sole-source contract to upgrade Jamaica’s tax system
Tax Administration Jamaica (TAJ) has awarded a $1.87-billion single-source contract to a United States technology company to upgrade the revenue administration information system that underpins the…
08 Jul, 2026 0

It’s Time to Change the Narrative and Renew Public-Private Partnership for the “BPO” Sector
The global services (GS) sector in Jamaica, otherwise known as the business process outsourcing (BPO) sector, employs 50,000 people and generates U$1 billion in forex for the economy. It is the…
08 Jul, 2026 0

Canada looks to build pipeline to reduce reliance on USA
Alberta and Ontario proposed a pipeline on Monday to carry western Canadian oil east, seeking to reduce Canada’s reliance on US infrastructure and open new export markets, reviving an idea that was…
08 Jul, 2026 0

Microsoft cutting 4,800 jobs
Microsoft is cutting 4,800 jobs, about 2.1 per cent of its global workforce, including a large number of workers at its Xbox video game business. The lay-offs included 1,600 Xbox workers, with more…
Business
08 Jul, 2026 0

Former city official sentenced to death in China for taking US$325m in bribes for decades
A former economic development official in the eastern China city of Nanjing was sentenced to death on Monday for taking bribes worth US$325 million over three decades. Yang Youlin was also convicted…
08 Jul, 2026 0

Louis Vuitton court victory against Chinese tea chain stirs debate over copyrights
A debate over ownership of traditional Chinese symbols has cropped up after a court ordered a local tea chain to pay French luxury brand Louis Vuitton (LV) US$1.5 million over trademark infringement…
07 Jul, 2026 0

Germany plans tax cuts, pension overhaul and new sick leave rules
German Chancellor Friedrich Merz and his government coalition partners presented a comprehensive reform package Thursday, with the goal of getting the country’s sluggish economy back on track.