Business
July 31, 2026
US economy grows at sluggish 1.5% in Q2 with inflation remaining high
The US economy expanded at a sluggish 1.5 per cent pace from April through toJune as rising imports weighed on growth, yet consumers continued to spend. And the Federal Reserve’s favoured measure of…
July 31, 2026
Oil prices jump, Dow drops more than 1,100 as sinking AI stocks drag Wall Street lower
Oil prices got back to jumping on Wednesday, while sinking technology stocks dragged Wall Street lower amid uncertainty about what the Federal Reserve will do to get high inflation under control. The…
July 31, 2026
Russia accuses Telegram CEO of aiding terrorism
Russian authorities said on Wednesday that tthey had charged Pavel Durov, the founder and CEO of the messaging app Telegram, with aiding terrorism, the latest step by the Kremlin to bring the Internet…
July 30, 2026
Fed leaves interest rate unchanged but with 3 dissents as Warsh praises ‘good family fight’
The US Federal Reserve left its key interest rate unchanged Wednesday, although three officials dissented in favour of higher rates as the central bank wrestles with how to deal with persistently high…
July 31, 2026
Cement production hits record in 2nd quarter as profit surges fivefold
Jamaica’s sole cement producer, Caribbean Cement Company Ltd, has reported profit of $2.7 billion for the second quarter ended June 2026, nearly five times the $544 million earned in the corresponding…
July 29, 2026
by Luke Douglas
One on One mulls capital raise
One on One Educational Services Ltd (ONE) said it’s evaluating the possibility of raising at least US$2 million for expansion. CEO Ricardo Allen said the money would fortify the company in the age of…
July 29, 2026
Remittance market flattens, but provider MFS Capital aims to target underserved areas
Remittance inflows are flat amid fewer providers, but MFS Capital Partners aims to profit by securing licences to operate along key corridors. The company secured licences for remittance services at…
July 29, 2026
Tourism fund mulls AI training for start-ups
The Tourism Enhancement Fund (TEF) wants start-ups in its incubator programme to begin using artificial intelligence (AI) to design prototypes, which could improve their branding, product, and spaces.…
July 29, 2026
China memory chipmaker CXMT’s shares soar in blockbuster share listing in Shanghai
Shares of CXMT, China’s largest memory chipmaker, shot skywards on Monday as they began trading in Shanghai in mainland China’s biggest initial public stock offering in recent years. CXMT’s shares…