Business

China lowers tariffs on computers, bikes, other goods

Wednesday, April, 10 2019    

BEIJING, China (AFP) — China on Monday announced it will lower tariffs on some consumer goods ranging from computers to furniture and bicycles, as Beijing faces worldwide scrutiny over its trade practices. Read More

IMF cuts global growth estimate to 3.3% as world economy loses steam

Wednesday, April, 10 2019    

WASHINGTON, United States (AFP) — The global economy is facing a “delicate moment” beset with risks as the recovery loses steam amid trade tensions, Brexit and other factors, the International Monetary Fund warned yesterday. Read More

Remittances to developing world hit record in 2018: World Bank

Wednesday, April, 10 2019    

WASHINGTON, United States (AFP) — Money transfers to poor and developing countries hit a fresh record in 2018 and should become their largest source of external financing this year, the World Bank said Monday. Read More

Africa's richest man withdrew US$10 million just to look at it

Wednesday, April, 10 2019    

ABIDJAN, Ivory Coast (AFP) — Nigerian billionaire Aliko Dangote, known as Africa's richest man, told a forum in Ivory Coast on Saturday how he once took $10 million in cash out of the bank just to look at it and get it into his head that this was real money, not just figures on... Read More

Trump threatens tariffs on EU products over Airbus subsidies

Wednesday, April, 10 2019    

WASHINGTON, United States (AFP) — President Donald Trump yesterday lashed out at the EU, vowing to slap tariffs on billions in imports over subsidies to the aviation giant Airbus, suddenly escalating a transatlantic skirmish that is more than a decade old. Read More

Modi's rivals see India election gain hitting PM on economy

Wednesday, April, 10 2019    

TIRUPPUR, India (AFP) — More than two years after the surprise withdrawal of most of India's currency from circulation, the painful consequences stalk its architect as he seeks another term at the helm of Asia's third-largest economy. Read More

More students being exposed to agriculture in schools

Wednesday, April, 10 2019    

The National Standards Curriculum (NSC) has been exposing students in primary and secondary schools to agriculture, says National Technical and Vocational Education and Training (TVET) director in the Education, Youth and Information Ministry, Denworth Finnikin. Read More

IMF cuts US growth forecast, warns of growing risks

Wednesday, April, 10 2019    

WASHINGTON, United States (AFP) — The International Monetary Fund yesterday cut its US growth forecast significantly for 2019 but said the United States is still likely to outpace other advanced nations as the world economy slows. Read More

Wynn Resorts scotches potential takeover of Crown Resorts

Wednesday, April, 10 2019    

NEW YORK, United States (AFP) — Wynn Resorts said yesterday it was pulling the plug on a potential takeover of Australian gambling giant Crown Resorts that had been seen as fetching about US$7.1 billion. Read More

Lebanon approves plan to reform ailing electricity sector

Wednesday, April, 10 2019    

BEIRUT, Lebanon (AFP) — The Lebanese government on Monday approved a plan to reform its electricity sector, vowing to provide power 24 hours a day from a grid notorious for blackouts. Read More

Global Canna Labs closes first medical cannabis sale in Jamaica

Tuesday, April, 9 2019    

Canadian company, Global Canna Labs (GCL) has received approval from the Jamaican Cannabis Licensing Authority (CLA) to commence commercial medical cannabis sales domestically to licensed dispensaries. Read More

Boeing shares slump as 737 earnings hit is weighed

Tuesday, April, 9 2019    

New York , United States (AFP) — Boeing shares slumped Monday on the company's weakened profit outlook after it announced last week it will cut production of 737 planes following two deadly crashes. Read More

Restaurants of Jamaica lauded for contributing to economic growth

Monday, April, 8 2019    

Restaurants of Jamaica (RoJ) opened its Kentucky Fried Chicken (KFC) restaurant in Harbour View on Saturday, and received praise from St Andrew East Rural Member of Parliament Juliet Holness for contributing to the country's economic growth. Read More

Versan in expansion mode after 25 years of placing students

Sunday, April, 7 2019    

Sandra Bramwell, the owner of Versan Educational Services in Kingston, has been successfully providing educational consulting for boarding, college, professional and graduate programmes since she founded her company in 1994. Read More

Damien King says Gov't revenues have increased by $100 billion

BY BALFORD HENRY Senior staff reporter balfordh@jamaicaobserver.com | Sunday, April, 7 2019    

Executive Director of the Caribbean Policy Research Institute (CaPRI), Dr Damien King, says that the improved fiscal management being exercised by the government has increased tax revenue by some $100 billion. Read More



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