WASHINGTON, United States (AFP)— The new Omicron variant of COVID-19 could slow the global economic recovery, just as the Delta strain did, IMF chief Kristalina Georgieva said Friday. "A new variant that may spread very rapidly can dent confidence and in that sense, we are likely to see some

AP US Federal Reserve Chairman Jerome Powell. 1 2 United States Federal Reserve Chair Jerome Powell says that the appearance of a new COVID-19 variant could slow the economy and hiring, while also raising uncertainty about inflation. The recent increase in delta cases and the emergence of the omicron variant

Before the COVID-19 pandemic very few of us gave any thought to the global supply chain. Our first indication that something had gone wrong was the rapid increase in the price of consumer goods. Our supermarket bills started a steep climb and items that we do not purchase as frequently

Rum sales at Worthy Park Estate are above pre-pandemic levels, due to increased distribution locally and overseas. The producer of Rum-Bar products generated 15 per cent more rum sales than in 2020, the start of the coronavirus pandemic, and about 10 per cent more than 2019, said Managing Director of

Executive Director of the Sagicor Foundation, Alysia White says several areas of the hospital have been identified for support based on the critical needs and the high patient numbers. Sagicor Foundation Jamaica, the organiser of the annual Sagicor Sigma Corporate Run, has announced that the Kingston Public Hospital (KPH) will be the

After you've got your feet wet and you've been investing for a bit, chances are you'll be interested in ways to get better at it. One way that's been shown to work is to benefit from the expertise of others. Of course, you can find a team to professionally

There are many ways for shares to be increased or reduced in a company. This can vary from a share buy-back, stock split, reverse stock split, initial or additional public offerings or a stock option plan. Today's article will go through these various methods and how they benefit investors in

The International Monetary Fund (IMF) is pressing the Bank of Jamaica (BOJ) to strengthen the supervision of financial conglomerates to reduce the risk their subsidiaries pose to the group and other financial entities. The IMF, in its latest assessment of Jamaica's economy, said while financial institutions in Jamaica are well

The holiday season brings a mix of joy and anxiety as everyone tries to figure out how to keep their loved ones happy and treat themselves while avoiding the proverbial “financial hole”. Create a holiday budget   According to at least one senior banking executive, the key to happy 'stress-