Business

May 8, 2026

The jury is out on tax breaks for the insurance industry: Global lessons for Jamaica
Elective politics has never been one of my career options. My proximity to it began when a friend persuaded me to donate some of my monthly salary to his political party via a bank order. After a…
Business
May 8, 2026

Some iPhone owners could get up to $95 payment after Apple agrees to settle case for $250 million
Owners of some iPhones are in line to get cash payments of up to US$95 from Apple after the company on Tuesday reached a US$250 million settlement in a class-action lawsuit for false advertising of…
Business
May 8, 2026

Lower-income Americans hit hardest by gas price spike, widening inequalities, study finds
Lower-income Americans sharply reduced their gas consumption in the month following the Iran war, yet spiking prices still forced them to spend more at the pump, worsening the economy's economic…
Business
May 8, 2026

US government sues New York Times, claiming white male editor was passed over on racial and gender grounds
A federal civil rights agency filed a discrimination lawsuit Tuesday against The New York Times, claiming that the new organisation passed over a white male employee for a promotion in favour of a…
Business
May 8, 2026

Mark Zuckerberg ‘personally authorised’ Meta’s copyright infringement, publishers allege
Five publishing houses and author Scott Turow sued Meta and Chief Executive Mark Zuckerberg on Tuesday, alleging the company illegally used millions of copyrighted works to train its AI language…
Business
May 8, 2026

These numbers show the global impact of Iran’s grip on the Strait of Hormuz
Iran's grip on the Strait of Hormuz has jolted the world economy, causing a spike in fuel prices that has rippled through other sectors with effects far beyond the Middle East.
Business
May 8, 2026

US jobless claim applications rise to 200,000 but remain historically low despite economic headwinds
US jobless claim applications rose last week but remain at historically low levels despite elevated inflation and other economic headwinds.
Business
May 8, 2026

Worries about AI’s risks to humanity loom over the trial pitting Musk against OpenAI’s leaders
At the heart of the trial pitting Elon Musk against OpenAI CEO Sam Altman is a moment when they found common cause on an ever more pressing question: how to protect humanity from the risks of…
Business
May 8, 2026

Bank of England joins other central banks in freezing rate cuts as Iran war upends global economy
The Bank of England kept its main interest rate on hold at 3.75 per cent on Thursday and hinted of hikes to come as policymakers assess the economic impact of the Iran war and Tehran's effective…