Recent News

BUSINESS

Aluminum Prices Land Nine-Year High

Aluminum prices on the London Metal Exchange reached a nine-year high May 10 when it reached $2,565 per metric ton.  Since then, prices dropped below the $2,500 per metric ton mark, averaging $2,434 throughout May. Aluminum futures were trading around the $2,470 per ton level in June, not far from a three-year high of $2,548 mark in April, with markets […]

BUSINESS

Guyana Keeps Gushing Oil

Oil company giant ExxonMobil recently reported its twentieth oil discovery on the offshore of Guyana. The latest find was made at the Longtail-3 site in the Stabroek Block. Vickram Bharrat, Guyana’s Minister of Natural Resources with responsibility for the Petroleum Sector, said the discovery will add to the previously announced gross discovered recoverable resource estimate for the block, which is […]

BUSINESS

Data Breach Puts McDonald’s In A Spot Of Bother

McDonald’s, the American fast food giant company and world’s largest restaurant chain by revenue, is one of the latest companies to be hit by a data breach that has exposed customers’ details. According to reports, the fast food chain experienced a cyberattack in which the attackers gained access to a small number of files on customers in South Korea and […]

Jamaica

Jamaica Set To Get 3,000 New Hotel Rooms Soon

Minister of Tourism, Hon Edmund Bartlett, says the ground is to be broken for 3,000 hotel rooms over the next few months. Speaking at a virtual ground-breaking ceremony for the new Sandals Dunn’s River Resort in St. Ann, on May 26, the Minister also noted that he recently concluded, in Spain, arrangements for another 1,000 rooms. He said that of the […]

Jamaica

Minister Maintains Bullish Outlook For Jamaica’s Tourism Sector

Tourism Minister Edmund Bartlett has said the latest arrival figures have indicated that Jamaica’s tourism sector will end the year in a strong position. He noted that there could up to 450,000 visitors for June, July and August, with an average about 130,000 to 150,000 people per month.  “We’ve done more than 30,000 visitors already for the month of June […]

SPORTS

The Controversial Retainer Contracts Fallout

On May 5, 2021, Caribbean sports media outlets and cricket lovers were greeted with the news that Cricket West Indies had issued 18 retainer contracts to the men’s team for the 2021-2022 season. The contracts would run from July 1, 2021 to June 30, 2022. The contracts were awarded based on performances during the period of April 1, 2020 to […]

Jamaica

Jamaica’s Economy Takes A Big Hit

According to the Planning Institute of Jamaica (PIOJ), the Jamaican economy contracted by 5.7% in the January to March quarter compared with the corresponding period in 2020.  PIOJ Director General Dr. Wayne Henry says this out-turn continues to reflect the impact of the global pandemic. However, there has been a gradual tempering of the rate of contraction as indicated by […]

BUSINESS

Carnival Cruise Line Gets Ready To Sail In July

Carnival Cruise Line is preparing for July sailings from U.S. ports once again. The U.S. Centers for Disease Control and Prevention (CDC) has recently accepted the company’s port agreements for the Port of Miami, the Port of Galveston, and Port Canaveral. In a statement, Carnival noted that these are essential ports for its business and the three where the company […]

BUSINESS

Trump — Bitcoin Is A “Scam”

Former U.S. President Donald Trump in a report said he views Bitcoin as a “scam” impacting the value of the U.S. dollar. “Bitcoin, it just seems like a scam,” Mr. Trump said. “I don’t like it because it’s another currency competing against the dollar,” he added. Mr. Trump shared on a business program that he wishes to see the U.S. […]

Health

New Alzheimer’s Drug Approved By FDA

The Food and Drug Administration has recently approved the first new medication for Alzheimer’s disease in nearly twenty years. There is controversy surrounding the decision made by the FDA. Some Alzheimer’s experts have argued that there was not enough evidence to indicate that the drug can help patients. The drug aducanumab targets the underlying cause of Alzheimer’s, the most common form of dementia, […]