Business

World's 26 richest own same as poorest half of humanity: Oxfam

Wednesday, January, 23 2019    

DAVOS, Switzerland (AFP) — The world's 26 richest people now own the same wealth as the poorest half of humanity, Oxfam said Monday, warning that “out of control” inequality is stoking popular anger and threatening democracies. Read More

China's economy grew at slowest pace in 28 years in 2018

Wednesday, January, 23 2019    

BEIJING, China (AFP) — China's economy grew at its slowest pace in almost three decades in 2018, losing more steam in the last quarter as it battles a massive debt pile and a US trade war, official data showed Monday. Read More

Privatise Nigeria's oil industry? Easier said than done

Wednesday, January, 23 2019    

LAGOS, Nigeria (AFP) — A leading contender in Nigeria's presidential election next month has pledged to privatise the country's oil industry, but that's a promise that might prove hard to keep, some observers say. Read More

International tourists up 6% to 1.4bn in 2018 — UN

Wednesday, January, 23 2019    

MADRID, Spain (AFP) — The number of international tourist arrivals rose by six per cent last year to 1.4 billion, according to an estimate published Monday by the World Tourism Organization. Read More

Qatar to buy US$500 mn of Lebanese government bonds

Wednesday, January, 23 2019    

DOHA, Qatar (AFP) — Wealthy Qatar said on Monday it will purchase US$500 million of government bonds in debt-ridden Lebanon, a day after the country's emir visited Beirut to attend the Arab economic summit. Read More

Uganda moves to ban gambling — minister

Wednesday, January, 23 2019    

KAMPALA, Uganda (AFP) — Uganda's President Yoweri Museveni has ordered authorities to stop issuing and renewing licences to betting firms in a bid to crack down on gambling, the finance minister said Monday. Read More

Newer Worlds to develop action plan for agribusiness sector

Tuesday, January, 22 2019    

The Jamaica Promotions Corporation (Jampro) has recruited UK-based sector and business expansion experts, Newer Worlds, to develop a five-year strategy for Jamaica's agribusiness industry. Read More

IMF warns trade confrontations, uncertainty threaten global growth

Tuesday, January, 22 2019    

Davos, Switzerland (AFP) — The US-China trade confrontations, Brexit, and other uncertainties are threatening to drag down global growth even further, the International Monetary Fund warned Monday. Read More

Table of IMF economic growth forecasts

Tuesday, January, 22 2019    

WASHINGTON, United States (AFP) — Here are the International Monetary Fund's latest economic growth projections for 2019 and 2020, published Monday in the quarterly update to the World Economic Outlook (WEO) . Read More

National innovation awardee touts features of self-designed security system

Monday, January, 21 2019    

Local entrant to the home security field Lindon Falconer believes his Falcon B series remote monitoring and control device system, which was entered in the 2018 National Innovation Awards in November and which won the Engineering and Manufacturing category, stands to... Read More

Govt using tax revenue surplus to pay arrears to SMEs — Clarke

Monday, January, 21 2019    

Minister of Finance and the Public Service Dr Nigel Clarke says that a “plethora” of small- and medium-sized businesses will benefit from an allocation of $1.5 billion included in the supplementary estimates for 2018/19 for bills owed to them by government... Read More

Antigua logs over one million visitors in 2018

Monday, January, 21 2019    

ST JOHN'S, Antigua, (CMC) – The Minister of Tourism in Antigua and Barbuda, Charles Fernandez says 2018 was a record-setting year as the two-island state welcomed over one million visitors, topping the figures recorded for each of the previous four years. Read More

'CHINA EFFECT' HITS LOCAL CONSTRUCTION INDUSTRY

BY AL EDWARDS Observer writer | Sunday, January, 20 2019    

Leading Jamaican architect Evan Williams is bemoaning the demise of the Jamaican construction and architectural industry as a result of major projects being awarded to Chinese firms. Read More

V&M getting creative with gizzadas

BY HOWARD CAMPBELL Observer writer | Sunday, January, 20 2019    

Like ackee and salt fish and the patty, the gizzada is a Jamaican original. The coconut-filled pastry has been a culinary favourite in the country for decades. Read More

Investment strategies for retirees

Lisa Minto-Powell | Sunday, January, 20 2019    

THE new year has started with a great deal of uncertainty following the enormous volatility experienced in 2018. Last year there was an abundance of global economic uncertainty, political changes, and sharp market movements among other things. These would have left many investors feeling... Read More



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