Business

Iran sugar workers strike over unpaid wages

Wednesday, November, 21 2018    

TEHRAN, Iran (AFP) —Workers at Iran's oldest sugar cane company went on strike on Saturday over unpaid wages, calling for the troubled factory to be nationalised, the semi-official news agency ILNA reported. Read More

At what cost? Debate swirls on 'giveaways' after Amazon HQ deal

Wednesday, November, 21 2018    

WASHINGTON, United States (AFP) — As the winners of the biggest corporate prize in decades — the new Amazon headquarters — relished their victory, debate was still raging over the billions of US dollars in incentives offered to attract the fast-growing US technology... Read More

Pharma giant Pfizer to raise some drug prices

Wednesday, November, 21 2018    

WASHINGTON, United States (AFP) — Pfizer said Friday it would raise US prices on 41 drugs in January, reversing a price freeze implemented over the summer in the face of criticism by President Donald Trump. Read More

New space industry emerges: on-orbit servicing

Wednesday, November, 21 2018    

WASHINGTON, United States (AFP) — Imagine an airport where thousands of planes, empty of fuel, are left abandoned on the tarmac. That is what has been happening for decades with satellites that circle the Earth. Read More

Lives at risk as drug prices soar in crisis-hit Zimbabwe

Wednesday, November, 21 2018    

HARARE, Zimbabwe (AFP) — Since starting treatment five years ago, 50-year-old Alice Chenyika kept her blood pressure under control by adhering to doctors' strict instructions to take two daily doses of nifedipine. Read More

Pope denounces 'din of rich few' on World Day of Poor

Wednesday, November, 21 2018    

VATICAN CITY, Holy See (AFP} — Pope Francis railed against social inequality Sunday, lamenting “the din of the rich few” drowning out the voice of the needy, as he marked the second World Day of the Poor. Read More

Pence slams China's 'opaque' chequebook diplomacy, trade practices

Wednesday, November, 21 2018    

PORT MORESBY, Papua New Guinea (AFP) — US Vice-President Mike Pence pilloried China's “opaque” chequebook diplomacy in a combative speech Saturday, taking aim at Beijing's business practices and warning trade tariffs would remain in place. Read More

China's former trade negotiator questions tariff strategy

Wednesday, November, 21 2018    

BEIJING, China (AFP} — China's former top trade negotiator has questioned Beijing's strategy in the trade row with Washington, offering a rare window into a policy disagreement in the Communist-ruled country. Read More

BHP settles huge Australia tax bill

Wednesday, November, 21 2018    

SYDNEY, Australia (AFP) — Mining giant BHP on Monday settled a long-running tax dispute with Australian authorities for AUS$529 million ($387 million), as the country pursues global firms shifting profits offshore to minimise liabilities. Read More

IDB provides funds to strengthen national health care system

Tuesday, November, 20 2018    

WASHINGTON, United States (CMC) — The Inter-American Development Bank (IDB) says it is providing US$100 million in loans to Jamaica to help strengthen its national health care system. Read More

Auto titan Ghosn under arrest, faces ouster at Nissan

Tuesday, November, 20 2018    

YOKOHAMA, Japan (AFP) — Nissan chairman Carlos Ghosn faces being fired this week after being arrested in Japan over allegations of financial misconduct, the firm said yesterday, in a stunning fall from grace for one of the world's best-known businessmen. Read More

Responding to disruptive trends in energy

Monday, November, 19 2018    

Energy storage, distributed energy, renewables and electric vehicles powered by a smart grid are among the main disruptive trends in the global energy sector. Advances in technology and a global call to preserve the environment, combined with consumer demand for more reliable, better... Read More

Sagicor wins big at AMCHAM Awards

Monday, November, 19 2018    

SAGICOR Group Jamaica copped major prizes at the recent American Chamber of Commerce (AMCHAM) Jamaica Business and Civic Leadership Awards ceremony at the Jamaica Pegasus hotel in Kingston. Read More

God's Lovely Living set to open in Eden

BY ALEXIS MONTEITH Observer writer | Sunday, November, 18 2018    

Five years ago, a Jamaican-born United States citizen, Tyra Channer, received news that her mother had experienced a stroke. The stroke, fortunately, was not severe enough to cost her mother's life but a long period of rehabilitation would be needed for her return to... Read More

Market recap: escaping falling knives

By Marian Ross | Sunday, November, 18 2018    

Asset prices declined: This past week, we observed a broad-based decline in asset prices - both bonds and stocks experienced sell-offs. Read More



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