Prices for consumers in the United States jumped in June by the most in 13 years, evidence that a swift rebound in spending has run up against widespread supply shortages that have escalated the costs of many goods and services. Tuesday’s report from the US Labor Department showed that consumer
A new energy facility southwest of Phoenix, scheduled to open in December, will capture methane from cow manure and reuse the biogas as renewable natural fuel. Facility stakeholders told The Arizona Republic that the process will capture harmful gases that would otherwise escape into the atmosphere and exacerbate climate change.
Some $13.8 billion worth of NCB Financial Group shares traded on Monday, coinciding with top executives surrendering shares at the banking conglomerate. It was the largest traded volume of NCBFG shares in over two years on the Jamaican stock market. NCB Financial advised that it emanated from an approved change
Leading spirits company J.Wray & Nephew Limited, JWN, is investing US$25 million to set up a fertiliser plant that will utilise the dunder waste generated from its rum operation as feedstock. The company plans to sell the fertiliser to local farmers, and prospectively to customers in the United States.
United States Federal Reserve Chair Jerome Powell suggested on Wednesday that inflation, which has been surging as the recovery strengthens, “will likely remain elevated in coming months” before “moderating”. At the same time, Powell signalled no imminent change in the Fed’s ultra-low-interest rate policies. In written testimony for delivery on
Blo omberg , in one of its latest reports, titled, Caribbean Tax Havens Fret They're at Risk from Global Crackdown, suggests that the global minimum tax, a new corporate tax regime under discussion among G20 countries, has the potential to derail some Caribbean countries which operate as tax havens. Under
After years of lobbying, e-commerce company Amazon has added Jamaica to its list of countries accepted for seller registration. This means that Jamaican producers can sign up directly on the Amazon platform to sell their products using Jamaican credentials. “Before if you wanted to sell on Amazon you would
For the first months of 2021, remittance inflows into Jamaica exceeded the US$1-billion mark. Net remittance inflows of US$1012.7 million increased by 52.6 per cent or US$349.1 million relative to the previous corresponding period. For the month of April, the Bank of Jamaica (BOJ) reports that net remittance inflows of
Jamaica's economic recovery from the novel coronavirus pandemic induced contraction could take up to two years, the Bank of Jamaica (BOJ) said. Dr Wayne Robinson, the senior deputy governor at the BOJ, however, said the recovery “will depend on how we manage the COVID-19 crisis and the roll-out of
