Business

AP
A Meta logo is shown on a video screen at LlamaCon 2025, an AI developer conference, in Menlo Park, California, in April  2025.
09 Jul, 2026 0

Meta plans billions for its largest AI data centre outside US

Facebook and Instagram parent Meta said on Wednesday it will invest more than US$9.1 billion to build its first artificial intelligence (AI) data centre in Canada and its largest outside the United…
09 Jul, 2026 0

Oil prices, stocks hold steadier as calm returns to financial markets worldwide

Wall Street and oil prices were holding steadier on Thursday in the wait to see what will come next after President Donald Trump raised doubts about the temporary truce in the war with Iran.
09 Jul, 2026 0

US home prices hit all-time high as sales slow and mortgage rates rise

Sales of previously occupied US homes slowed in June, but a key measure of home prices climbed to an all-time high, adding to affordability challenges for prospective home buyers.
09 Jul, 2026 0

AI wealth wave threatens to push Bay Area home prices further out of reach

The impending public listings of OpenAI and Anthropic could unleash a wave of employee wealth large enough to buy nearly a third of all homes in San Francisco, according to Redfin, a US real estate…
President Donald Trump speaks during a meeting with NATO Secretary General Mark Rutte at the NATO summit in Ankara, Turkey, on Wednesday, July 8. AP
09 Jul, 2026 0

Oil prices rise 8.0 per cent, and Dow drops 800 points after Trump says ceasefire with Iran is ‘over’

Oil prices are rising, and stock markets are dropping worldwide Wednesday after President Donald Trump raised doubts about the temporary truce in the war with Iran. The S&P 500 fell 1.0 per cent…
08 Jul, 2026 0

AI increasing demand for human skills - PWC

As artificial intelligence (AI) continues to transform workplaces globally, Jamaican businesses are being urged to rethink how they develop talent and prepare for the evolving labour…
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…