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Recent News

Jamaica

Jamaica’s Tourism Projects Still On Tract

According to the Minister of Tourism, Edmund Bartlett, 90 percent of planned investments set for the tourism industry is still on stream, despite the effects of the COVID-19 pandemic. The Minister made his remarks while speaking at the official opening of the $253-million rehabilitated Guava Ridge to Content Gap road in East Rural St. Andrew. Mr. Bartlett said increasing hotel […]

Jamaica

Jamaica’s COVID-19 Cases Trending Upwards

Jamaica’s Ministry of Health and Wellness has reported a 13th death from COVID-19.  The latest death is that of an 88-year-old woman from Clarendon, who was admitted to a public health facility in the parish on Tuesday, August 4. It also announced that 29 new samples have tested positive for COVID-19. This brings the total number of confirmed cases for […]

BUSINESS

Canada Hits Back On Trump’s Aluminum Tariffs

Following a 10 % tariff on some Canadian aluminum products by President Trump, Canada has hit back with an announced $2.7bn tax on U.S. aluminum products. Canada and the U.S. reached a deal last year to lift tariffs on steel and aluminum imports. However, President Trump reintroduced the tariff in the latter of this week, claiming U.S. industry protection. Speaking […]

BUSINESS

U.S. Unemployment Still A Spot Of Bother

The COVID-19 pandemic continues to play havoc with the U.S. economy as unemployment numbers remain high. Although the rate fell from a high of 14.7% in April to 10.2% in July, it remains a concern. The high unemployment figures call for government intervention to boost economic activities. The Republicans and the Democrats continue to be at loggerhead on the role […]

BUSINESS

Zuckerberg Hits The $100 Billion Mark

Facebook founder Mark Zuckerberg has now joined the ranks of Jeff Bezos — Amazon  and Bill Gates — Microsoft as a tech ‘Centibillionaires.’ The 37-year-old media magnate, internet entrepreneur, and philanthropist has seen his wealth rise to $100 billion after launching a new short-form video feature. Late this week, Facebook announced the U.S. rollout of Instagram Reels, its rival to […]

BUSINESS

Gold Prices Up To A Record Level

Gold prices surge to a record high of $2,000 an ounce for the first time as traders look for places to earn value amid the pandemic. Investors have moved cash into the precious metal as Covid-19 cases rise in the U.S., and more money is pumped into the global economy. Prices of other precious metals, including silver, have also risen […]

BUSINESS

Apple — The Most Valuable Public Company In The World

Apple Inc., the American multinational technology company with its headquarter in Cupertino, California, is now reported as the most valuable company in the world. The company designs, develops and sells consumer electronics, computer software, and online services. The company’s shares jumped more than 10% last after the company reported earnings, reaching an all-time high. The stock rose another 2.5% on […]

Jamaica

Minister — Increase In COVID-19 Cases Cause For Concern

According to Health Minister Dr. Christopher Tufton, the recent spike in coronavirus cases places Jamaica in a spot of bother and is cause for concern. The country, in its latest update, reported a total of 920 cases. Meantime, the hospitalization figure has risen to 44, an increase of 26% between two days. The number of COVID-19 deaths has now moved […]

SPORTS

Lewis And Blackwood Get Tallawahs’ Call Up

According to reports, Ramaal Lewis and Jermaine Blackwood are set to replace Andre McCarthy and Jeavor Royal in the Jamaica Tallawahs squad for the CPL’s 2020 season. McCarthy and Royal were excluded from the squad that left for Trinidad yesterday. Both players were said to be contacts of a positive COVID-19 case. Blackwood was a member of the Tallawahs squad, […]

BUSINESS

U.S. Consumer Confidence Takes A Nosedive

U.S. consumer confidence fell more than expected last month, given the resurgence of COVID-19 in many different states. The infectious plague continues to play havoc within the economy without any immediate end. The latest survey paints an ugly picture of consumers’ negative outlook on the economy’s prospects over the next six months. The consumer confidence index showed a drop of […]