Business

Sri Lanka crisis scares tourists in fresh hit to economy

Wednesday, November, 7 2018    

COLOMBO, Sri Lanka (AFP) — A political crisis in Sri Lanka, where two prime ministers are fighting for power, is scaring away tourists and raising questions over foreign aid, ringing alarm bells for the economy as the currency slumps to record lows. Read More

US stocks gain ahead of election returns

Wednesday, November, 7 2018    

NEW YORK, United States (AFP) — Wall Street stocks rose after a quiet session yesterday as investors awaited returns in US congressional elections that are seen as a referendum on President Donald Trump. Read More

Michelin closes Scottish plant with 845 workers

Wednesday, November, 7 2018    

LONDON, United Kingdom (AFP) — French tyre manufacturer Michelin announced plans Monday to close a Scottish manufacturing plant with 845 employees due to growing competition from cheeper products in Asia. Read More

Second Amazon headquarters a tale of two cities — report

Wednesday, November, 7 2018    

SAN FRANCISCO, United States (AFP) — Amazon is planning to split its coveted second headquarters between two US cities rather than pack it into a single urban setting, the Wall Street Journal reported on... Read More

Mining bitcoin uses more energy than Denmark — study

Wednesday, November, 7 2018    

PARIS, France (AFP) — Exracting a dollar's worth of cryptocurrency, such as bitcoin, from the deep Web consumes three times more energy than digging up a dollar's worth of gold, researchers said Monday. Read More

Iranians feeling US sanctions 'in their bones'

Wednesday, November, 7 2018    

TEHRAN, Iran (AFP) — The latest round of US sanctions on Iran's vital oil industry may have just started on Monday, but some Iranians say they have already become a basic fact of life. Read More

Heineken seals $3-bn deal with China's top brewer

Wednesday, November, 7 2018    

THE HAGUE, Netherlands (AFP) — Dutch brewing behemoth Heineken said Monday it had finalised a US$3-billion deal to merge its Chinese operations with the country's top brewer, expanding its access to the world's largest beer market. Read More

France's New Caledonia rejects independence in tighter-than-expected vote

Wednesday, November, 7 2018    

NOUMEA, France (AFP) — Islanders on the French Pacific territory of New Caledonia on Sunday rejected independence in a referendum that revealed weaker-than-expected support for Paris in the resource-rich and strategic outpost. Read More

A machine makes water out of air - Watergen's atmospheric water generator

Wednesday, November, 7 2018    

HANOI, Vietnam (AFP) — Imagine you could quench your thirst with water... Read More

Alibaba's Ma calls trade war

Wednesday, November, 7 2018    

SHANGHAI, China (AFP) – The US-China trade war is the “stupidest thing in the world”, Alibaba e-commerce tycoon Jack Ma declared at an import fair that China opened on Monday partly to counter foreign criticism of its trade policies. Read More

Mauritania, US in spat over 'slavery' charge

Wednesday, November, 7 2018    

NOUAKCHOTT, Mauritania (AFP) — Mauritania reacted furiously Monday after the United States pulled its status as a preferential trade partner, accusing the West African State of tolerating forced labour and hereditary slavery. Read More

Jampro takes Brand Jamaica campaign to China

Tuesday, November, 6 2018    

Ministers Daryl Vaz and Audley Shaw yesterday led a delegation to present Jamaican opportunities to Chinese investors, distributors and influencers at the 5-day China International Import Expo (CIIE) in Shanghai, China. Read More

Xi pledges to open China's markets wider to an impatient world

Tuesday, November, 6 2018    

SHANGHAI, China (AFP) — President Xi Jinping yesterday pledged to widen access to China's economy, while delivering a veiled rebuke to Trumpism, as he kicked off an import expo amid foreign accusations that he has backtracked on promises to play fair on trade. Read More

PHOTO: JMMB, Jamaica Cancer Society partner to provide free mammograms to rural women

Monday, November, 5 2018    

Yulit Gordon (left), executive director of the Jamaica Cancer Society, is on hand at JMMB Group's New Kingston head office to receive a donation from Clive Charlton, JMMB's equities trader, and Carla Girod, breast cancer survivor and JMMB Joan Duncan Foundation administrator. The donation will... Read More

Business brewing for Shavuot Farms

BY KARENA BENNETT Business reporter bennettk@jamaicaobserver.com | Sunday, November, 4 2018    

What started out as an idea to convert produce from the family's farm into value-added products, five years later, has grown into a business that now employs up to 50 staff and is continuously looking to ramp-up its product line. Read More



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