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  • Host of new worries pushes bitcoin to 4-month low

    June 14, 2018 4:57 AM 12

    to a four-month low of US$6,370 on Wednesday, days after South Korean digital currency exchange Coinrail said hackers had stolen over US$37 million, or almost a third of the virtual currency it had stored. After Coinrail announced the theft, the price of bitcoin dropped to US$6,333.95 per bitcoin. It is down US$1,374.10 in the last week, according to Coinbase

  • Sagicor X Fund exits Sigma portfolio

    June 13, 2018 5:00 AM 13

    Brenda-Lee Martin, the newly appointed CEO of Sagicor Estate X Fund Limited, says the company has exchanged all units held in the Sigma unit trust for shares in Playa Hotels & Resorts, NV, disclosing a new level of detail regarding the deal. "We will now have indirect exposure through a company which is listed on the Nasdaq," said Martin during the X-Fund's

  • Report: Rising homicide rates in Brazil hurting economy

    June 12, 2018 5:00 AM 15

    Rising homicide rates are damaging Brazil's economy and leading to skyrocketing public security costs, according to a study released on Monday. Beyond the emotional toll on families and communities, homicides between 1996 and 2015 robbed the country of more than US$119 billion in potential productive capacity, according to a joint study authored by Rio de Janeiro-based

  • Volney Barrett — Dedicated his life in the search for truth

    June 10, 2018 7:32 AM 3

    Hundreds of mourners gathered recently at the King's Chapel United Pentecostal Church in Montego Bay for the thanksgiving service for late western Jamaica-based journalist Volney Barrett. The 32-year-old Barrett, who was a reporter at the Western Mirror for more than 12 years, died on February 28. He was remembered as an exceptional individual who used his skills

  • Clarke emphasises bodies' non-allegiance to political parties

    June 10, 2018 5:00 AM 4

    The Government has approved the tabling of regulations that will effectively depoliticise the boards of public-sector bodies by, among other things, ensuring that a third of those appointed by a previous minister or administration be carried over to a new board. "When you serve on a public board, your role and function is not allegiance to a party or to the party

  • Venezuela frees two Chevron employees

    June 8, 2018 9:38 AM 2

    CARACAS, Venezuela (AFP) — Venezuela has freed two employees of the US oil giant Chevron who were arrested in April, the company said. The pair, both Venezuelan, were detained on April 16 in the coastal city of Puerto La Cruz. They worked for Petropiar, a joint venture of Chevron and the State-owned PDVSA. The case is murky as Venezuelan authorities

  • EU to impose retaliatory tariffs on US imports from July

    June 8, 2018 4:43 AM 3

    The European Union on Wednesday announced it will start imposing duties from July on a list of United States products in response to President Donald Trump's decision to slap tariffs on steel and aluminium imports from Europe. "The new duties start applying in July," European Commission Vice-President Maros Sefcovic told reporters. "It is a measured

  • Facebook to fund original news shows from ABC, CNN, others

    June 8, 2018 4:43 AM 2

    Facebook says it will fund original news shows created by such news organisations as ABC, CNN and Mic. The move comes as Facebook plans to kill off its "trending" news section to make way for what it considers "trustworthy" and "informative" news. Despite efforts to clamp down, the company continues to grapple with fake news and misinformation, not to mention

  • JNSBL recognises outstanding performers

    June 6, 2018 9:02 AM 4

    A total of 20 employees were recognised for their role in JN Small Business Loans achieving record disbursements for the 2017/18 financial year at an awards ceremony held at Spanish Court Hotel in New Kingston on June 1. The Jamaica National Group member company disbursed more than 27,000 loans for a value of $5.28 billion for the financial year ending

  • Trump appeals ruling on blocking Twitter critics

    June 6, 2018 5:00 AM 2

    President Donald Trump is asking an appeals court to restore his power to block critics on Twitter. Trump's lawyers gave notice Monday that they're appealing a federal judge's ruling that says blocking people from the @realDonaldTrump account is a violation of the First Amendment. Judge Naomi Reice Buchwald ruled last month that Trump was violating the First