LONDON, United Kingdom (AP) — The breathtaking development of artificial intelligence has dazzled users by composing music, creating images and writing essays, while also raising fears about its implications. Even European Union officials working on groundbreaking rules to govern the emerging technology were caught off guard by AI’s rapid rise. The 27-nation bloc proposed the […]
According to Sagicor Group Jamaica Limited’s 2022 annual report, four executives were separated from the financial conglomerate in addition to other senior leaders who resigned to take up positions at other listed companies. These executives include Shared Services Vice-President of Group Marketing Alysia Moulton White, who was separated on December 31; Sagicor Real Estate X […]
Business Clarke: Gov’t serious about Microcredit Act BY JOSIMAR SCOTT Senior reporter josimars@jamaicaobserver.com May 05, 2023 12:00 am 1 comment · Make a comment Minister of Finance and Public Service Dr Nigel Clarke (left) greets Edwin Vaquerano, chairman, BlueStart Capital, following the launch of BlueStart Capital — trading as Courts Ready Cash — yesterday at […]
The United States Federal Reserve reinforced its fight against high inflation Wednesday by raising its key interest rate by a quarter-point to the highest level in 16 years. But the Fed also signalled that it may now pause the streak of 10 rate hikes that have made borrowing for consumers and businesses steadily more expensive. […]
AFFORDABLE INSURANCE, which offers protection against the risk of crop losses due to natural disasters, pests and diseases, as well as market volatility, is a welcomed initiative for farmers. However, this should not be seen as a cure-all for their problems, warned Winston Simpson, chief executive officer of the Rural Agricultural Development Authority (RADA). https://jamaica-gleaner.com/article/news/20230505/insurance-not-panacea-farmers-simpson#.ZFTwkRAxV0U.mailto
COME May the Government will have a new partner in the Halse Hall, Clarendon-based Jamalco alumina refinery as its current partner the Noble Group has reached an agreement to sell its stake. A release early Tuesday said Chicago-based Century Aluminum Company agreed to acquire Noble’s 55 per cent ownership interest in Jamalco through a wholly […]
IN a globalised economy the use of a single, dominant currency allows for ease and efficiency of trading between countries. With each country having their own currency, trading with multiple partners is more difficult when having to pay for goods and services from each trading partner in varying currencies. The single, dominant currency needs to […]
MASTERCARD on Friday announced the introduction of Mastercard Crypto Credential, a set of common standards and infrastructure that will help verify interactions among consumers and businesses using blockchain networks. Mastercard Crypto Credential aims to provide a foundation for financial institutions, governments, brands, and crypto players, ensuring that those interested in interacting across web3 environments are […]
The United States economy slowed sharply from January through March, decelerating to just a 1.1 per cent annual pace as higher interest rates hammered the housing market and businesses reduced their inventories. Thursday’s estimate from the US Commerce Department showed that the nation’s gross domestic product — the broadest gauge of economic output — weakened […]
Century Aluminum Company, a United States-based associate of Glencore, will acquire the majority stake in Jamalco for US$1, stripping former owner Noble Group of the lossmaking alumina refinery. The deal is days away from completion. “A wholly owned subsidiary of Century will acquire General Alumina Holdings Limited, a Noble subsidiary and owner of Noble’s 55 […]
