Tag: global

BUSINESS

Global Food Prices Show Increase

The FAO Food Price Index* (FFPI) averaged 135.7 points in January 2022, 1.5 points (1.1 percent) higher than in December 2021. The FFPI’s rebound in January was led by solid gains in vegetable oils and dairy sub-indices, partially offset by a decline in sugar prices for the second consecutive month. Meat and cereal sub-indices remained largely unchanged. The index tracks […]

BUSINESS

Global Chip Shortage Puts Semiconductor Makers In A Spot Of Bother

The US Department of Commerce has warned manufacturers have seen their stocks of semiconductors plunge amid the global chip shortage. A survey of more than 150 firms found supplies had fallen from an average of 40 days’ worth in 2019 to just five days in late 2021. Sales of devices soared during the pandemic, leaving semiconductor makers struggling to keep […]

BUSINESS

Tesla Up The Ante In Profit

Electric car maker Tesla has brushed off supply chain issues and the global microchip shortage to report record quarterly sales and profits. Revenues rose to $13.76 billion in the third quarter of the year, up from $8.77 billion 12 months earlier. The company, led by billionaire entrepreneur Elon Musk, posted a net profit of $1.6 billion and sold 241,391 cars. […]

NEWS

Global Leaders Call For International Pandemic Treaty

Twenty-five heads of government and international agencies have made a joint call for a new treaty that would signal high-level political action needed to protect the world from future health crises. The international community should work together “towards a new international treaty for pandemic preparedness and response” to build a more robust global health architecture that will protect future generations, […]

NEWS

WHO Head Warns — Hoarding Vaccines Will Deepen The Pandemic

World Health Organization (WHO) chief Dr. Tedros Ghebreyesus has warned nations that hoarding possible COVID-19 vaccines while excluding others will deepen the pandemic. Dr. Tedros in his address impressed on countries the importance of joining a global vaccine pact. The WHO has an August 31 deadline for wealthier nations to join the “COVAX Global Vaccines Facility” for sharing vaccine hopefuls […]

NEWS

WHO Sounds The Alarm On COVID-19

The coronavirus pandemic has entered a “new and dangerous phase” as daily Covid-19 cases hit record highs, the World Health Organization (WHO) warned recently. “The pandemic is accelerating. More than 150,000 new cases of COVID-19 were reported [on Thursday], the most in a single day so far,” WHO Director-General Tedros Adhanom Ghebreyesus said during a press conference. Almost half of […]

Jamaica

Jamaica Ranks Sixth On Global Press Freedom Index

Jamaica jumped two places on the Global Press Freedom Index and now ranks sixth among 180 countries that most respect freedom of information.  Published annually by Reporters Without Borders, a non-Governmental Organisation (NGO) based in Paris, the index evaluates the level of freedom available to the media throughout the world. Senator Kamina Johnson Smith, Leader of Government Business in the Upper House, pointed to […]

BUSINESS

Global Stocks Blowout

The global stock market slid to its worst week since the depths of the financial crisis in 2008. This crisis comes against fears that the coronavirus could become a pandemic and derail economic growth. The S&P 500, with a midweek record high, slid 4.4 percent, its worst day since August 2011. The index is down 12 percent since that peak, […]

BUSINESS

Coronavirus Outbreak Pushes Oil Prices Down

Oil prices fell on Friday and were on track for a fourth straight weekly loss on mounting worries about economic damage from the coronavirus that has spread from China to around 20 countries, killing more than 300 people. Prices briefly found support after Russian Energy Minister Alexander Novak said Russia was ready to bring forward a meeting of OPEC and […]

Jamaica

Jamaica Set For Global Tourism Growth In Next Decade

According to Jamaica’s Minister of Tourism Edmund Bartlett, the country will strategically position itself to exploit the demands of the global tourism market over the next ten years. He told reporters that the estimates for global growth in the tourism sector could be 1.8 billion international visitors by 2030, with earnings of US$2 trillion. Some 40 million new jobs will […]