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Jamaicans shift deposits to US dollars at accelerated pace in 2025

Jamaicans and local businesses moved the equivalent of J$95 billion into US dollar accounts at a pace six times faster in 2025 than...
Business

AI startup Anthropic commits US$100 billion to Amazons AWS over next 10 years

Artificial intelligence company Anthropic has agreed to commit more than US$100 billion to Amazon’s AWS cloud platform over the next 10 years to...
Business

FTC staff recommends clearing Observer-Gleaner joint venture

The Fair Trading Commission’s (FTC) staff has raised no objection to a proposed joint venture to print the Jamaica Observer and The Gleaner...
Business

TSMC profits jump 58% in March quarter on AI demand

Taiwan’s chipmaker TSMC, one of the world’s largest companies, reported a 58 per cent jump in profit on Thursday for the January-March quarter,...
Business

Petrol price hike viewed as opportunity for Knutsford Express

Cross country bus service, Knutsford Express Services Limited (KEX) argued that the rise in petrol prices due to the conflict in the Middle...
Business

Cannabis industry on a $10b high despite Melissa

Jamaica’s legal cannabis industry was valued at US$63 million, or more than J$10 billion, in 2025, up nearly two-thirds higher year-on-year, according to...
Business

Tim Cook will step down as Apple CEO and hand reins over to the iPhone makers hardware leader

Apple CEO Tim Cook is stepping down from the job that he inherited from the late Steve Jobs, ending a 15-year reign that...
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