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Jan 12
Wigton to repower its systems

Wind energy company Wigton Windfarm Limited is targeting March 2024 to commence the replacement of its aged-out collection of wind turbines installed in its early phase of operation two decades ago. Managing Director Earl Barrett says having received the go-ahead from the Jamaican government to proceed with the project, the company is near the end […]

Jan 12
Eric Posner | The AI octopus

With long-gestating antitrust cases against Google, Apple, and Amazon coming to fruition, many observers think that 2024 could be a turning point for Big Tech. Yet, even as authorities press ahead with this litigation, they risk being blindsided by the rise of artificial intelligence, which is likely to reinforce Big Tech’s dominance of the economy. […]

Jan 12
AI-powered misinformation the world’s biggest short-term threat, Davos report says

False and misleading information supercharged with cutting-edge artificial intelligence that threatens to erode democracy and polarise society is the top immediate risk to the global economy, the World Economic Forum said in a report on Wednesday. In its latest Global Risks Report, the organisation also said an array of environmental risks pose the biggest threats […]

Jan 11
Stocks Round Up | JSE combined index loses more ground

Published:Thursday | January 11, 2024 | 2:53 PM PhotoVideo The Jamaica Stock Exchange (JSE) Combined Index closed Thursday, losing more ground. The moderate trading ended with an advance/decline ratio of 40/50 The JSE Combined Index declined by 991.35 points or 0.30 per cent to close at 332,385.19. The JSE Main Market Index declined by 1,306.80 […]

Jan 11
New US rule tightens worker classification standards

The Biden administration enacted a new labour rule on Tuesday that aims to prevent the misclassification of workers as ‘independent contractors’, a step that could bolster both legal protections and compensation for millions of persons in the United States workforce. The US Labor Department rule, which the administration proposed 15 months ago, replaces a scrapped […]

Jan 11
SEC approves new bitcoin funds in move that could spur more investment in the digital currency

Published:Wednesday | January 10, 2024 | 8:19 PM PhotoVideo An advertisement of Bitcoin, one of the cryptocurrencies, is displayed on a building in Hong Kong on November 18, 2021. (AP Photo/Kin Cheung, File) NEW YORK (AP) — The Securities and Exchange Commission on Wednesday reluctantly approved the first exchange-traded funds that hold bitcoin, saying it […]