Business

China's US trade surplus hit record in 2018 but tariffs bite

Beijing, China (AFP) — China's trade surplus with the United States hit a record high last year but the country's imports and exports fell in December as the long-running trade war begins to bite in the world's number two economy, data showed... Read More

Newmont buys Goldcorp to create world's top gold company
New York , United States (AFP) — US gold miner Newmont Mining Corporation said in a statement yesterday it was buying Canadian rival Goldcorp Inc for US$10 billion, creating the world's largest gold-mining company.... Read More

Pound hits seven-week high on eve of vital Brexit vote
London , United Kingdom (AFP) — The British pound yesterday hit a seven-week high against the dollar as UK Prime Minister Theresa May delivered an upbeat speech on the eve of a key Brexit vote which she is expected to lose, dealers said.... Read More

US$189-m power plant on track for
MANAGING director of JAMALCO, Austin Mooney, says construction of the bauxite/alumina company's US$189-million gas-fired cogeneration power plant by New Fortress Energy (NFE) is on track for completion by February 2020. ... Read More

B'dos Gov't puts temporary freeze on borrowing

Monday, January, 14 2019

BRIDGETOWN, Barbados (CMC) — The Barbados Government has put a temporary freeze on borrowing, even as it reported an improvement in the island's economic position. Read More

Montague: Mining an important player in the economy

Monday, January, 14 2019

TRANSPORT and Mining Minister Robert Montague says that mining continues to play an important role in the country's economic growth and development. Read More

New app gives throat cancer patients their voice back

Monday, January, 14 2019

PRAGUE, Czech Republic (AFP) — Vlastimil Gular's life took an unwelcome turn a year ago: Minor surgery on his vocal cords revealed throat cancer, which led to the loss of his larynx and with it, his voice. Read More

Evan Williams builds and launches R Hotel in Kingston

BY AL EDWARDS Observer writer | Sunday, January, 13 2019

Leading local architect Evan Williams has completed his 10-year odyssey to build an extended-stay hotel. Read More

Veg Out digs into Jamaica's vegan market

BY ALEXIS MONTEITH Observer writer | Sunday, January, 13 2019

There is a new brand of meatless veggie burgers available in the Jamaican market. Veg Out meatless burgers, which are the creation of a married couple, Chris and Dolly Punjabi in Montego Bay, began distribution in October of 2018. There are three varieties of the... Read More

MPC Caribbean Clean Energy lists tomorrow

Sunday, January, 13 2019

The listing of MPC Caribbean Clean Energy Limited on the Jamaica Stock Exchange will take place on Monday, January 14, at 9:00 am. The company will also be cross-listed on the Trinidad & Tobago Stock Exchange, at the same time. Read More

Exercising your rights Part 2

Yanique Leiba-Ebanks | Sunday, January, 13 2019

ON November 4, 2018, my colleague Toni-Ann Neita-Elliott wrote an article titled “Exercise your rights”. She explained that companies often issue new shares to investors to raise funds. These funds can be used to expand or take advantage of new business opportunities. Read More

Premier travels to US and Europe for talks

Sunday, January, 13 2019

GEORGE TOWN, Cayman Islands (CMC) – Premier Alden McLaughlin left the territory on Wednesday to attend meetings in London, Brussels, Paris, Berlin and New York to continue discussions about recently approved economic substance legislation and the country's efforts to meet... Read More

The Jeff Bezos divorce: $136

Sunday, January, 13 2019

NEW YORK, United States (AFP) — The announcement by Amazon founder Jeff Bezos, the world's wealthiest man, and his wife that they will divorce has captivated the imagination — how will they split his giant fortune, estimated at US$136 billion? Read More

Volkswagen sets sales record in 2018

Sunday, January, 13 2019

FRANKFURT, Germany (AFP) -- German car giant Volkswagen said Friday it sold a record number of vehicles in 2018 even as it felt the sting from US-China trade tensions. Read More

Numerous problems with FLOW

Claudienne Edwards | Sunday, January, 13 2019

Dear ClaudienneI have made 35 visits to the FLOW Telephone (Liguanea) Office since September 9, 2017 to report that my two telephones were out of order and that while I cannot make any calls, one line still had my live internet up to Monday, October 8, 2018. Read More