Pfizer is set to raise prices on 41 drugs in January, a few months after the company agreed to delay the increase under the influence of President Donald Trump. The manufacturer in a recent announcement declared that it would raise the list price of all but four of the drugs by 5%, effective January 15. Three drugs will increase by […]
The Jamaica Promotions Corporation (JAMPRO) is on a mission to get Jamaica to top-10 ranking in the World Bank’s Doing Business Report (DBR). The agency’s President, Diane Edwards, said that plans are in place for a ‘Getting to Top 10 DBR’ initiative, which is designed to identify and implement impactful reforms for Jamaica. “If we reach that goal … it […]
The U.S. October jobs report is out, and politicians and pundits are raving over it. The report shows that the pace of wages grew at the fastest rate for the first time in nine years last month. According to the U.S. Labor Department, wages grew at an annual rate of 3.1 percent in October, accelerating from a rate of 2.8 […]
Apple stock fell 6.6 percent at the end of last week, after showing a strong earnings report but shook investors’ confidence in its newly announced quarterly reporting structure and blurred guidance for the holiday quarter. Press reports noted that shares ended trading at $207.48, just above the threshold for Apple to maintain its historic $1 trillion market cap, based on […]
Oil prices dropped about one percent Friday, showing a downward weekly trend of more than six percent. U.S. light crude was 58 cents lower at $63.11, down nearly 18 percent since hitting four-year highs a month ago. Readers Bureau, Contributor Edited by Jesus Chan Do you want to add feedback to this story? Please add a comment in the e-mail […]
The Inter-American Development Bank (IDB) has granted $285 million contingent loan to Jamaica to help boost the nation’s disaster response efforts and help protect the public purse. The loan allows Jamaica to meet any extraordinary public expenses that may result from natural disasters. It will also allow the country to cushion any financial shock that may negatively impact its fiscal […]
The U.S. economy has shown a third-quarter annualized growth of 3.5 percent this year. However, this reflects a change in the momentum shown earlier when the rate was trending at a second-quarter pace of 4.2 percent. That said, the economy bettered the 3.3 percent expansion projected by economists. The U.S. Commerce Department highlighted the fact that strong consumer and government spending […]
The Trump’s trade war with China has apparently begun to weigh on the country’s economy. China reported its slowest quarterly growth rate since the global financial meltdown back in 2008. According to the National Bureau of Statistics, the growth figure for the July to September quarter was 6.5 percent from a year earlier. Financial analysts projected figures of 6.6 percent […]
While countries such as Jamaica and other Caribbean countries continue pussyfooting around the marijuana industry, Canada has jumped ahead to become the first industrialized nation to legalize the recreational use of marijuana. By legalizing marijuana, Canada has positioned itself to capitalize on the huge market potential of the marijuana plant and its by-products. The global legal marijuana market is expected […]
The twin islands of Saint Kitts and Nevis have a long history behind its development. They were among the first islands in the Caribbean to be settled by Europeans. The country was home to the first British and French colonies in the Caribbean and has been popularly referred to as “The Mother Colony of the West Indies.” This twin island […]
