Jamaica Business News: Economy, Financial Sector & More ? Jamaica Observer - Business - JamaicaObserver.com


FedEx to cut up to 6,300 jobs in Europe over next 18 months

Wednesday, January, 20 2021    

MEMPHIS, Tenn (AP) — FedEx plans to cut up to 6,300 jobs in Europe as it completes the process of folding a Dutch company it bought into its own delivery operation. Read More

Smart homes to get smarter

Wednesday, January, 20 2021    

CES 2021 went virtual this year, a historical note in the 50-year history of the world's biggest consumer electronics show. The products which were on show point to an immediate future where many humans are freed from mundane functions and allowed to enjoy comfort and security in their... Read More

An inclusive and diverse 2021

Shelly Ann Mohammed | Wednesday, January, 20 2021    

JANUARY is a time for us all to look ahead to the coming months of 2021 and think about what the year holds for the accountancy profession, society and the economy here in the Caribbean. It's also a chance to rethink our values and approaches — especially in light of... Read More

Barbados and Trinidad United States-dollar shortage impacts PriceSmart's operations

BY DAVID ROSE Observer business writer | Wednesday, January, 20 2021    

WITH COVID-19 severely impacting the tourism and energy markets, Barbados and Trinidad and Tobago have been facing a shortage of United States dollars (USD) as the pandemic has made the tradable currency harder to source in the smaller Caribbean states. Read More

Portland JSX profits decline on lower asset revaluation

BY DAVID ROSE Observer business writer | Wednesday, January, 20 2021    

EQUITY investment vehicle Portland JSX Limited (PJX) saw its profits decline by 36 per cent to US$189,356 ($27.4 million) as the fair value gains on its investments fell by 35 per cent to US$355,968 for the quarter ended November 30, 2020. Read More

Lenovo AR glasses offer 5 virtual monitors

Wednesday, January, 20 2021    

Lenovo's new pair of sleek and lightweight augmented reality (AR) glasses, called the Thinkreality A3, project five virtual monitors at once. The glasses connect to your PC or a Motorola phone through a USB-C cable. Read More

Microsoft Teams to offer dynamic view

Wednesday, January, 20 2021    

It's confirmed that Microsoft Teams will come with dynamic view by March, allowing one user to share content side by side with others. This will be useful for users who want to make a presentation, play a video for reference, and present reports. Currently, Teams shows smaller icons of... Read More

Time to switch from WhatsApp to Signal Messenger

Wednesday, January, 20 2021    

There was a mad rush to switch from WhatsApp to Signal Messenger and Telegram after users received an ultimatum to agree to share information with ... Read More

Bank of America Q4 profit falls 18% on lower interest rates

Wednesday, January, 20 2021    

CHARLOTTE, USA (AP) — Bank of America's (BofA) fourth-quarter profits fell 18 per cent from a year ago as lower interest rates weighed down its results. The bank, however, was able to release more than US$800 million from its credit reserves – a sign that it sees the US... Read More

China economy grows in 2020 as rebound from virus gains

Wednesday, January, 20 2021    

BEIJING (AP) — China eked out 2.3 per cent economic growth in 2020, likely becoming the only major economy to expand as shops and factories reopened relatively early from a shutdown to fight the coronavirus while the United States, Japan and Europe struggled with rising... Read More

Wall Street's momentum swings back as stocks, yields tick up

Wednesday, January, 20 2021    

Stocks are ticking higher on Wall Street yesterday, recovering some of last week's losses to pull closer to their record highs. Read More

Stock markets subdued despite strong growth data from China

Tuesday, January, 19 2021    

LONDON, England (AP) — Stock markets got off to a slow start for the week despite news that the Chinese economy grew 2.3 per cent in 2020 after a sharp contraction early in the year. Read More

UK seafood truckers protest over Brexit red tape

Monday, January, 18 2021    

LONDON, England (AP) — Trucks owned by UK shellfish firms descended on Britain’s Parliament yesterday to protest the Brexit-related red tape they claim was suffocating their businesses. Read More

Remittances — Jamaica's economic lynchpin

BY DAVID ROSE Observer business writer | Sunday, January, 17 2021    

EVEN though the World Bank predicted global remittances would fall by 22 per cent, with the Latin America and Caribbean region expected to record a 19.3 per cent drop, Jamaica has defied this fate as remittance inflows grew by 25 per cent to US $1.53 billion ($221.1 billion) and net remittances... Read More

A 'Paramount' conversation with Hugh Graham

Sunday, January, 17 2021    

“The great beauty of life is its mystery, the inability to know what course our life will take, and diligently work to transmute into our final form based upon a lifetime of constant discovery and enterprising effort. Accepting the unknown and unknowable eliminates... Read More


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