Receive up-to-the-minute news updates on the hottest topics with NewsHub. Install now.

Business

All category news

  • US consumer confidence approaches all-time high

    September 26, 2018 7:22 AM

    WASHINGTON, United States (AFP) — Confidence among American consumers in September rose unexpectedly for the second month in a row, hovering near an 18-year high, according to a survey released yesterday. The survey shows a sharp gain in optimism among consumers, with respondents apparently shrugging off worries about inflation and a trade war with China

  • Venezuela first lady added to sanctions list

    September 26, 2018 5:00 AM

    The Trump administration on Tuesday slapped financial sanctions on four members of Venezuelan President Nicol·s Maduro's inner circle, including his wife and the nation's vice-president, on allegations of corruption. As part of the actions, the United States barred Americans from doing business with Venezuela and will seize any financial assets in the US belonging

  • Guyana to sign economic cooperation agreement with Barbados

    September 23, 2018 5:40 AM 2

    BRIDGETOWN, Barbados (CMC) – Guyana is to sign a framework agreement for economic cooperation with Barbados, President David Granger of Guyana has announced. The announcement comes on the heels of the country signing a Memorandum of Understanding (MOU) with Trinidad and Tobago on Thursday. Granger, addressing the inaugural, Guyana Trade and Investment

  • Appleton Estate releases 30-year-old limited edition rum

    September 21, 2018 5:25 AM 3

    Only 4,000 bolttles of the rum will be sold globally, making the rum an extremely rare limited edition. It is the second time in 10 years that Appleton Estate has released a 30-year-old expression, part of its ongoing efforts to lead the rum industry's global trend towards premiumisation. The JSAERE opened its doors 30 years ago to share the 269-year-long

  • Indonesia imposes moratorium on new palm oil plantations

    September 21, 2018 5:00 AM

    Indonesia's president has signed a moratorium on new palm oil development and ordered a review of existing plantations, an official said Thursday, in a blow to ban industry blamed for environmental destruction and worker exploitation. Prabianto Mukti Wibowo, a deputy minister at the Coordinating Ministry for Economic Affairs, said the moratorium, first

  • Britain freezes aid to Zambia over graft fears

    September 19, 2018 6:01 AM 6

    LUSAKA, Zambia (AFP) — Britain has suspended aid payments to Zambia over concerns of alleged fraud and corruption by the government of President Edgar Lungu who has faced graft allegations from within his own party. Britain's High Commissioner to Lusaka Fergus Cochrane-Dyet confirmed the suspension of funding in a tweet posted late on Monday

  • Post-Brexit Britain shouldn't favour EU workers — report

    September 19, 2018 5:20 AM 5

    LONDON, United Kingdom (AFP) — Britain should not offer preferential access to European Union workers over those from outside the bloc after Brexit, a Government-commissioned report said yesterday. The independent Migration Advisory Committee (MAC) said decisions on who could work in Britain once it abolishes free movement with the EU should focus on attracting

  • US Treasury softens sanctions on UC Rusal

    September 17, 2018 11:35 AM

    The U.S. Treasury has softened the impact of sanctions on Windalco's parent company UC Rusal by allowing customers to negotiate some new contracts, just as the global aluminum industry was bracing for further turmoil ahead of an October 23 deadline. The sanctions against Rusal's billionaire owner Oleg Deripaska have frozen the Russian aluminum giant

  • Time magazine sold for US$190 million to couple

    September 17, 2018 7:14 AM 6

    WASHINGTON (AP) — Time magazine is being sold by Meredith Corp to Marc Benioff, a co-founder of Salesforce, and his wife. The Wall Street Journal reported that the iconic news magazine is being sold for US$190 million to Benioff, one of four co-founders of Salesforce, a cloud computing pioneer. The sale is occurring nearly eight months after Meredith

  • Jamaica Customs – sole entity responsible for issuing customs brokers' licences

    September 12, 2018 5:52 AM 5

    If you need answers to these, and other questions relating to becoming a Customs Broker, then this article is for you. The Commissioner of Customs upon the recommendation of the Customs Brokers Licensing Advisory Board (CBLAB) of the Jamaica Customs Agency (JCA), is the sole entity responsible for issuing licences to Customs Brokers and Body Corporates