Category archives: Business

FTX founder Sam Bankman-Fried’s spectacular rise and fall in the cryptocurrency industry — a journey that included his testimony before Congress, a Super Bowl advertisement, and dreams of a future run for president — hit rock bottom Thursday when a New York jury convicted him of fraud for stealing at…

The term ‘Global South’ is in constant use nowadays. For example, some commentators warn that Israel’s incursion into Gaza is “alienating the Global South” and we often hear that the ‘Global South’ wants a ceasefire in Ukraine. But what do people mean when they use it? Geographically, the term refers…

Financial shocks can be as sudden and devastating as a serious earthquake. They can come in the form of the death of a major breadwinner, serious injury, serious investment losses, loss of a valuable asset such as a home, and a divorce, although this is not generally sudden and unexpected…

“Jamaica has a well-developed disaster-response mechanism.” This statement was attributed to Prime Minister Andrew Holness in the aftermath of last Monday’s 5.6 magnitude earthquake, according to this newspaper. Disaster-response mechanism, presumably, was the term he used to refer to government entities he named that were involved in the response to…

The University of Technology Jamaica, which churns out the most trained pharmacists annually, is of the view that the numbers certified should be enough to serve the sector. But there is a rising worry within the trade that job positions are going unfilled because qualified professionals are constantly migrating, and…

United States President Joe Biden on Friday welcomed government leaders from countries across the Americas to an economic summit by pledging to increase US investment in the region in part to counter China’s influence. The US president did not specifically mention China in his opening remarks at the first Americas…