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The pace of consumer price increases eased again in January compared with a year earlier, the latest sign that the high inflation that has gripped Americans for nearly two years is slowly easing. https://jamaica-gleaner.com/article/business/20230215/us-inflation-slows-64-cent-price-pressures-re-emerge#.Y-5XoDQRD0w.mailto
RECOGNISING the need for more capital solutions for start-ups in the micro, small and medium-sized enterprise (MSME) space to scale their businesses, the Development Bank of Jamaica has plans to introduce two new programmes that will match MSMEs with providers of equity capital. https://www.jamaicaobserver.com/business/dbj-to-launch-angel-venture-capital-funds/https://www.jamaicaobserver.com/business/dbj-to-launch-angel-venture-capital-funds/
Microsoft is fusing ChatGPT-like technology into its search engine Bing, transforming an internet service that now trails far behind Google into a new way of communicating with artificial intelligence. The revamping of Microsoft’s second-place search engine could give the software giant a head start against other tech companies in capitalising on the worldwide excitement surrounding […]
The Jamaica Business Development Corporation (JBDC), through an upcoming $10-million (US$72,000) project, is seeking to move the needle forward for cultural and creative industries (CCIs) with hopes to have a more coordinated and strengthened position for players in the local ecosystem. The project, titled ‘UNESCO JAM NSS CCI — Economic and Social Impact of Jamaica’s […]
Microsoft is cutting 10,000 workers, almost five per cent of its workforce, joining other tech companies that have scaled back their pandemic-era expansions. The comphttps://jamaica-gleaner.com/article/business/20230119/job-cuts-tech-sector-spread-microsoft-lays-10000#.Y88KDxpquuc.mailtoany said in a regulatory filing Wednesday that the layoffs were a response to “macroeconomic conditions and changing customer priorities”. The Redmond, Washington-based software giant said it will also be making […]
Growing evidence that high inflation is finally easing shows that the United States Federal Reserve’s sharp interest rate hikes are working as intended, says Loretta Mester, a key Fed policymaker. But further rate hikes are still needed, she says, to decisively crush the worst inflation bout in four decades. “We’re beginning to see the kind […]
Finance Minister Dr Nigel Clarke today disclosed that Jamaica has sought assistance from the United States’ Federal Bureau of Investigation (FBI) and other international partners to assist with the probe of the alleged multimillion-dollar fraud at investment first Stocks and Securities Limited (SSL). More than 40 investors, including a company linked to Usain Bolt, have been […]
The Government has appointed a new board at the Financial Services Commission (FSC) amid criticism being faced by the body regarding its oversight duties. This comes amid the massive fraud uncovered at investment firm Stocks and Securities Limited (SSL). Finance Minister Dr Nigel Clarke today disclosed that the commission will be chaired by Richard Byles, […]
HE Financial Services Commission (FSC) is seeking to assure the public that fraudulent events at Stocks and Securities Limited (SSL) are not an indication that the securities dealers industry in Jamaica is no longer safe for people to invest, but added that certain regulated changes may have to be made to reduce the chances of […]
