Business

Elon Musk in talks with Saudis on taking Tesla private

Wednesday, August, 15 2018    

WASHINGTON, United States (AFP) — Tesla chief executive Elon Musk disclosed Monday that he was in talks with Saudi Arabia's sovereign wealth fund and other investors to take the electric auto maker private. Read More

France to set penalties on non-recycled plastic

Wednesday, August, 15 2018    

PARIS, France (AFP) — France plans to introduce a penalty system next year that would increase the costs of consumer goods with packaging made of non-recycled plastic, part of a pledge to use only recycled plastic nationwide by 2025, an environment ministry official said... Read More

World Bank to issue world's first blockchain bond

Wednesday, August, 15 2018    

WASHINGTON, United States (AFP) — The World Bank is taking a step into the brave new world of digital finance to sell the first-ever bond to be issued entirely using blockchain technology, the bank announced Friday. Read More

Pay up or else: Spain warns of online 'sextorsion'

Wednesday, August, 15 2018    

MADRID, Spain (AFP) — Spanish police warned Saturday of a massive blackmail campaign to expose web users' supposed visits to porn sites unless they pay up — a technique police calls 'sextorsion'. Read More

China's Huawei eyes smartphone summit after passing Apple

Wednesday, August, 15 2018    

SHANGHAI, China (AFP) — China's Huawei on Friday said it could replace Samsung as the world's top smartphone maker by late next year, just days after data showed it surpassed Apple for the number-two spot despite being essentially barred from the key US market. Read More

Now with power to long rule China, Xi beset by challenges

Wednesday, August, 15 2018    

BEIJING, China (AP) — As China's leaders gather for their annual Yellow Sea retreat, the country's political waters are looking choppy. Read More

Malaysia eyes more than 10-fold hike in Singapore water deal

Wednesday, August, 15 2018    

PUTRAJAYA, Malaysia (AP) — Malaysia's prime minister said Monday he is seeking to hike the price of water sold to the neighbouring country of Singapore by more than 10 times as his country searches for ways to pay off massive debts. Read More

Five things to know about Bayer and Monsanto

Wednesday, August, 15 2018    

FRANKFURT, Germany (AFP) — A cancer victim's surprise court victory over US pesticide maker Monsanto could open the floodgates to a slew of similar lawsuits, potentially leaving the firm's new German owner with a major case of buyer's remorse. Read More

Burundi plans plastic bag ban

Wednesday, August, 15 2018    

NAIROBI, Kenya (AFP) — Burundi's president, Pierre Nkurunziza, has issued a decree banning the use of plastic bags in the small central African country within the next 18 months. Read More

Indian rupee hits record low of 70 to the dollar

Wednesday, August, 15 2018    

MUMBAI, India (AFP) — The Indian rupee hit a record low of 70 to the US dollar on Tuesday as emerging market currencies are sold off by investors spooked by the Turkish financial crisis. Read More

Why has Turkey's currency fallen so sharply?

Tuesday, August, 14 2018    

ISTANBUL, Turkey (AFP) — Turkey's lira has bled value against the dollar, leaving the country under President Recep Tayyip Erdogan facing its most serious economic challenge since a financial crisis in 2001. Read More

Paradigm shift needed for tourism to remain relevant — Bartlett

BY HORACE HINES Staff reporter hinesh@jamaicaobserver.com | Tuesday, August, 14 2018    

MONTEGO BAY, St James — Tourism Minister Edmund Bartlett is calling on all players in the hospitality sector to make a paradigm shift in some of their operations in order to remain relevant in the competitive, evolving, global, multi-trillion dollar... Read More

Great

BY CHERRIES WILES Observer writer wilesc@jamaicaobserver.com | Sunday, August, 12 2018    

WHEN the owners of Deaf Can! Coffee were approached by the Jamaica National Foundation in 2016 to join its Social Enterprise Boost Initiative (SEBI), they had one major concern — they did not know how to run a business. Read More

National rolls out six new bundles on e-commerce store

Sunday, August, 12 2018    

Spurred by the success of an Easter bun and cheese campaign on its e-commerce platform this year, National Baking Company has now rolled out six new bundles offering a range of Jamaican products that are not easily found in the United States. Read More

Flow Jamaica shines in C&W Q2 report

BY KARENA BENNETT Business reporter bennettk@jamaicaobserver.com | Sunday, August, 12 2018    

Flow Jamaica managed to offset losses for parent company Cable & Wireless Communications Limited (C&W) from its upgrades and product enhancements such as 'Flow Evo' for the second quarter of C&W's 2018 financial year. Read More



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