Commerce

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Bloomberg Gives Jamaica’s Stocks Market Props

A report by Bloomberg has placed Jamaica’s stock market as front and center as the leading performer in the world. It noted that Jamaica’s stock market has had a significant bull run, thus making it the world’s largest over the last five years. It also indicated that the local stock has shown no sign of slowing down. According to the […]

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SEC Punishes Elon Musk For Out Of Step Behavior

The Securities and Exchange Commission (SEC) has forced Elon Musk to step down as Tesla’s chairman and pay a fine in a negotiated settlement over tweets he posted about taking the firm private. The decision came as the SEC sought to sue Musk for alleged securities fraud. Under the deal, Musk will remain as Tesla CEO but must give up […]

BUSINESS Commerce Social media

Amazon Set To Go Physical In New York

Amazon.com, Inc., the American electronic commerce and cloud computing company based in Seattle, Washington, is set to opening a physical store in New York that will only sell products that receive a high rating on its website. The store will sell toys, household goods, and other items that have a rating of four stars or more online. Customers who visit […]

BUSINESS Commerce Social media

U.S. Oil Prices Trend Higher

U.S. oil prices were on Friday trading sharply higher as prices bounced around ahead of a meeting of major oil producers over the weekend.  A report suggesting that major producers may increase production to cover an expected shortfall in output from Iran briefly knocked prices lower.  November West Texas crude on its first full day as a front-month contract, added […]

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Comcast Makes Knock-out Offer For Sky

Comcast might have given the Rupert Murdoch led Twenty-First Century Fox the final knock-out punch in its latest offer of offering 30.6 billion pounds ($40 billion) to decide who get the pay-television group, Sky. The U.S. cable giant recent bid of 17.28 pounds a share for control of London-listed Sky, bettered the 15.67 pounds-a-share offered by Fox. The ownership of […]

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Trump Seeks To Give China Second Round Trade Knockout

U.S. President Donald Trump up the ante by placing tariffs on Chinese goods following an earlier round of tariffs recently. The tariffs are expected to hit about $200 billion worth of imports from China. It will affect a wide range of electronic parts and consumer goods such as handbags.  It remains unclear when the new import taxes – which could […]

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Is The U.S. Seeking To Put China Back To Sleep?

The U.S. with its over 300 million people, represents not only one of the largest markets in the world, but also the richest. Over the years, countries that seek to grow and develop look to tap into the American market to help to fulfill their mission. However, today, new U.S. policies on trade have created barriers that do not allow […]

BUSINESS Commerce Social media

Google Gets Record Fine Of US$5 Billion

The European Commission has penalized Google by charging the American multinational technology company a record US$5 billion for violating antitrust laws in relation to their Android operating system. The European Commission said the firm had used the mobile operating system not only to dominate but to also monopolize the market space with its search tool. The firm’s parent company Alphabet […]

BUSINESS Commerce

Amazon CEO Jeff Bezos’ Wealth Climbs To US$150 billion

Jeffrey Preston Bezos, the 54-year-old American technology entrepreneur, investor, philanthropist, and the founder, chairman, and chief executive officer of Amazon, the world’s largest online retailer, is now worth US$150 billion. According to the Bloomberg Billionaire Index, Jeff Bezos’s net worth has increased by more than $60 billion in the last 12 months, which makes him the richest man in modern […]