Business

Business
June 17, 2026

Summit auction rescheduled for today 
The auction of the former Knutsford Court Hotel in New Kingston has been rescheduled to June 17 after the original sale date was postponed. "The vendor is selling under powers of sale contained…
June 17, 2026 by Luke Douglas

Jamaica's premium coffee industry runs on $700m of imported beans
Jamaica increased coffee imports by two-thirds to US$4.4 million (J$700 million) in 2025, which offset a shortfall in local production of premium Blue Mountain coffee caused by successive hurricanes.
Business
June 17, 2026

Fox Corp. to Buy Roku in US$22 Billion Streaming Deal
Fox Corp. has agreed to buy streaming pioneer Roku in a cash-and-stock deal valued at roughly US$22 billion, including debt. Roku will continue to be run as an open, partner-friendly platform, the…
June 18, 2026

UCC seeks US$15m to launch Trelawny 'smart city’, invites six universities as partners
The University of the Commonwealth Caribbean (UCC) aims to raise US$15 million to complete land acquisition for EcoVista, a 283-acre development in Trelawny. The plan involves building a…
June 17, 2026

China Shock 2.0: Surging Chinese exports threaten Europe's economy, raising concern at G7 Summit
For eight years, the United States has waged economic war on China, slapping big taxes on Chinese products before they enter America. But the campaign hasn't dented China's industrial…
Business
June 17, 2026

Japan's tech business SoftBank rolls out OpenAI 'patches' against cyberattacks
Japanese technology giant SoftBank Group Corp is launching a service using OpenAI technology to protect against the looming threat of cyberattacks, both companies said on Tuesday.
Business
June 17, 2026

Nvidia's Huang pledges AI will boost manufacturing jobs
Jensen Huang's company Nvidia makes the computer chips that unleashed a revolution in artificial intelligence (AI). Now he's wagering that an AI buildout can revive US manufacturing, pushing…
June 17, 2026

Appeals Court says US government can keep collecting 10% tariffs for now
The US Government can continue collecting the 10 per cent worldwide tariff it imposed in February while legal challenges to the levies continue to work their way through the courts, a federal court…
June 15, 2026 by Neville Graham

Main Event losses mount
Main Event Entertainment Group's (MEEG) losses grew more than fourfold in the April second quarter to $45 million as the company cut costs to reflect the challenging events market.