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  • Elite adding ‘one of a kind’ scanner at Liguanea location

    May 4, 2018 5:00 AM 7

    Elite Diagnostics Limited is adding a medical scanner at its Liguanea location. The investment, aimed at growing revenue, comes amid a fall in net profit for the newly listed company which earned $1.2 million in its December 2017 quarter compared with $8.5 million a year earlier. The company operates locations in New Kingston and Liguanea. "The 3T Magnetic

  • Supermarket merger to create largest UK chain

    May 1, 2018 4:03 AM 18

    The cash and stock deal will also reshape Britain's supermarket industry. It combines the No. 2 and No. 3 supermarket chains, with a total 31.4 per cent share of the market that would put it ahead of the current leader, Tesco, according to data from Kantar Worldpanel. "This is a transformational opportunity to create a new force in UK retail," Sainsbury's

  • 25,000 euros a minute Messi zooms past Ronaldo as top earner

    April 29, 2018 5:41 AM 15

    PARIS, France (AFP) — Lionel Messi has overtaken Cristiano Ronaldo as the highest earner in world football while Jose Mourinho tops the managers' chart, according to France Football magazine. The Barcelona attacker is a long way ahead in the figures for the current season, pulling in 126 million euros (US$154m) in salary, bonuses and commercial revenue

  • Increase in remmitances for the Caribbean in 2017 — World Bank

    April 27, 2018 12:08 PM 18

    WASHINGTON, United States — The World Bank says remittances flows into Latin America and the Caribbean grew 8.7 per cent in 2017, reaching another record high of nearly US$80 billion. The Washington-based financial institution said the main factors for the increase were stronger growth in the United States and tighter enforcement of US immigration rules

  • Hospiten hunts for more medical staff

    April 22, 2018 5:00 AM 22

    Samuel Afonso Diaz, country manager for Hospiten Jamaica Limited, a private hospital located in Rose Hall, St James, indicates that the facility is in the process of expanding staff count to meet local needs. Diaz told the Financial Gleaner that "As part of our commitment to our patients, we are always aiming to extend our schedule and access to the specialities

  • FirstCaribbean Bank drops New York listing

    April 22, 2018 5:00 AM 37

    FirstCaribbean International Bank Limited (FCIB) said it has withdrawn its plans to list shares on the New York Stock Exchange (NYSE) in view of market conditions. "FCIB announced the withdrawal of the US registered public offering and listing of its shares on the NYSE in view of market conditions at this juncture," the bank said in a release on Friday

  • Ecommerce giant Alibaba sets plans for Thailand

    April 20, 2018 5:00 AM 32

    The Chinese e-com-merce giant Alibaba has agreed to step up investments in Thailand as competition between online retailers heats up in fast-growing Southeast Asia. The founder of the online shopping giant, Jack Ma, met with Thailand's prime minister, Prayuth Chan-ocha, on Thursday and later signed several agreements, including one to help set up a "smart

  • German autos are unlikely victims in tariff fight

    April 20, 2018 4:25 AM 33

    At the edge of the Blue Ridge Mountains sits a sprawling factory that has become an unlikely victim in the escalating trade fight between the United States and China. The plant near Spartanburg, South Carolina, is owned by German automaker BMW, and it exports more vehicles to China than any other auto factory in America. The six million-square-foot plant

  • Insurance Association to implement system to detect uninsured vehicles

    April 19, 2018 3:39 PM 22

    It will soon be easier for the authorities to detect motor vehicles being driven in Jamaica without insurance coverage. According to the Insurance Association of Jamaica (IAJ) an Insured Vehicle Information System (IVIS) will be operational by the second quarter of this year. The IVIS, has a database of all the insured vehicles across the island and this will allow

  • Singapore proposes allowing Airbnb-type rentals, with tough conditions

    April 18, 2018 8:59 PM 18

    SINGAPORE (AFP) — Singapore on Monday proposed allowing private homeowners to rent out their property for short-term stays but with stringent conditions, a move welcomed by home-sharing giant Airbnb. It came after two Singaporean Airbnb hosts were each fined Sg$60,000 (US$45,800) this month for letting out apartments without official permission, underscoring