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  • Harvard on trial over alleged discrimination against Asians

    October 17, 2018 6:10 AM 17

    NEW YORK, United States (AFP) — Harvard University went on trial Monday over an opaque admissions selection process that critics say discriminates against Asian students. A lawsuit has challenged the use of race as a factor in Harvard admissions — a decades-old push to boost minority enrolments at America's oldest and perhaps most prestigious university

  • MJE succesfully raises $2.2 billion in secured debt

    October 17, 2018 6:10 AM 17

    MAYBERRY Jamaican Equities Limited (MJE) on Thursday announced via the Jamaica Stock Exchange that it has successfully raised $2.2 billion in secured debt through Sagicor Investments Jamaica Ltd. The announcement comes a little over a week after MJE advised shareholders via the JSE that it had contracted Sagicor to raise the funds with a tenure of five years

  • GAP to spend US$60m over three years on NMIA

    October 17, 2018 4:23 AM 18

    Airport operator Grupo Aeroportuario del Pacifico, GAP, announced plans to invest US$60 million in the first three years of operating the Norman Manley International Airport, NMIA, according to stock market filings. Additionally, the Mexican company will pay the Jamaican Government US$7.1 million - J$950 million at current exchange rates - over a period

  • Jetliner lands in US after world's longest flight

    October 14, 2018 6:17 AM 25

    NEW YORK, United States (AFP) — An Airbus jetliner arrived in Newark on Friday after a nearly 18-hour trip from Singapore, completing the world's longest commercial flight. Singapore Airlines Flight SQ22 arrived at 5:29 am (0929 GMT), having left Singapore's Changi airport at 11:23 pm, the Newark Liberty International Airport website said. That made for a flight

  • Canadian company acquires Sol petrol network in US$1.2b deal

    October 12, 2018 5:00 AM 22

    Sol Investments Limited, the largest independent fuel marketer in the Caribbean, controlled by Kyffin Simpson, has joined forces with Parkland Fuel Corporation, an independent marketer of fuel and petroleum products as well as a convenience store operator based in Canada. The two companies announced an agreement on Wednesday to combine their businesses

  • World tourism numbers up 6.0% in first half of 2018: UN

    October 11, 2018 6:32 AM 17

    Madrid , Spain (AFP) — International tourist numbers grew 6.0 per cent in the first half of 2018, with southern Europe and south-east Asia posting the biggest growth, due to the upturn in the global economy, the UN World Tourism Organization said Wednesday. The number of international tourists surged to around 641 million between January and June, some 37 million

  • Mayberry seeks $2.2B in debt

    October 11, 2018 6:32 AM 21

    Mayberry Jamaican Equities Limited (MJE), a fund run by brokerage firm Mayberry Investments Limited, has launched its first secured debt fund aimed at raising $2.2 billion. The transaction will be MJE's first secured debt since its listings on the Jamaica Stock Exchange earlier this year. The debt, which has a tenure of five years at a rate of 7.25 per cent, has been contracted

  • Rooms with new views: Hotels try their hand in home-sharing

    October 7, 2018 5:00 AM 15

    Travellers sometimes want a cookie-cutter room in a downtown hotel, and they sometimes want a cosy Tuscan farmhouse to share with friends. Hotels have always been good at providing the first one. Now, they're trying to figure out how to provide the second - and blunt the growth of competitors like Airbnb. But they're having mixed success. Marriott said Tuesday

  • Nearly 2 million Venezuelans flee crisis since 2015 — UN

    October 5, 2018 5:04 AM 17

    GENEVA, Switzerland (AFP) — Nearly two million people have fled Venezuela's economic and political crisis since 2015, the UN said Monday, calling for a “non-political” response to an exodus that is straining regional resources. “Some 5,000 people are now leaving Venezuela daily — the largest population movement in Latin America's recent history,” United

  • Caribbean tourism officials meet in Bahamas

    October 5, 2018 5:04 AM 20

    NASSAU, Bahamas (CMC) — Regional tourism officials attended a three-day conference aimed at exploring the possibilities and opportunities to rejuvenate, recreate and reconnect for new directions in Caribbean tourism. Bahamas Prime Minister Dr Hubert Minnis told the opening ceremony of the State of the Tourism Industry Conference (SOTIC) on Tuesday night