Business

15 May, 2026 0

Iran war and Jamaica hurricane cost TUI €61m in half-year results 
Europe's largest tour operator, TUI Group, absorbed €61 million (J$11.2 billion) in combined one-off losses from the Iran war and Hurricane Melissa's devastation of Jamaica during the first…
15 May, 2026 0

UTech advances plans to slash light bill in half with new solar power installations
The University of Technology, Jamaica (UTech) has launched a tender for solar power installation of at least 2.0 megawatts (MW) with optional battery storage across its Papine and satellite campuses,…
Business
15 May, 2026 0

Century flags US$10m cost headwind as Jamalco bauxite quality slips
Century Aluminum, the majority owner of Jamalco, posted strong earnings but warned that rising raw material costs tied to Middle East hostilities and declining bauxite grades at its Jamaican refinery…
15 May, 2026 0

Jetcon doubles first-quarter revenue, expanding range to include electric vehicles
Jetcon Corporation has moved to broaden its vehicle offering following a strong first-quarter performance. The Junior Market-listed auto trader posted net profit of $60.1 million for the three months…
15 May, 2026 0

Everything Fresh still smarting from Melissa as margins thin and debt climbs
The profit at food distributor Everything Fresh Ltd fell by a third in the March 2026 first quarter, but controlled management of its payables to suppliers helped drive a near-doubling of its cash…
15 May, 2026 0

The Link Between Claim Delays and Disaster Recovery
Six months after Hurricane Melissa tore through western Jamaica, according to The Jamaica Observer, many homeowners and business operators are still waiting for their insurance claims to be settled.…
15 May, 2026 0

US shoppers tempered their spending in April arising from US-Israel war
Shoppers tempered their spending in April as higher gas prices, fuelled by the US-Israel war on Iran, meant less money left over for some non-essentials like clothing and furniture. But they're…
Business
15 May, 2026 0

Soaring inflation and plummeting economy test Iran’s ability to withstand war and US blockade
Iran's grip on the Strait of Hormuz is throttling the world's energy supplies and inflicting global economic pain, but the struggles of the Islamic Republic's own economy are testing…
15 May, 2026 0

Meta launches WhatsApp 'incognito' mode to address privacy concerns for AI chats
Meta Platforms said on Wednesday it's rolling out an "incognito" mode for WhatsApp users to have private conversations with its AI chatbot, a move intended to ease privacy concerns…