Category: Business
A business to be spun off by General Electric will build hundreds of turbines for what will be the largest wind project in the Western Hemisphere, part of a massive equipment order and long-term service agreement with the global renewable-energy giant Pattern Energy. GE Vernova officials announced the agreement saying it is the largest onshore […]
Whenever there is bad news about climate change, people ask: What can be done? That’s likely to be the case again following Tuesday’s news that 2023 shattered annual heat records. The European climate agency Copernicus said average global temperatures were 1.48º Celsius (2.66º Fahrenheit) hotter than pre-industrial times. That’s barely within the 1.5ºC international goal […]
Published:Wednesday | January 17, 2024 | 12:09 AM PhotoVideo Damian Obiglio, JPS chairman and interim CEO. Chairman of Jamaica Public Service Company Limited, Damian Obiglio, has stepped into the role of chief executive of the utility following the surprise resignation of newcomer Steve Berberich. Just months into his appointment as president and CEO of the […]
China’s economic performance over the last year has been disappointing – so much so that some observers argue that growth has already peaked, and that it is all downhill from here. But it is far too soon to write off China’s economic resilience. As 2023 began, the lifting of draconian ‘zero-COVID’ restrictions fuelled a kind […]
Consumers are more confident, but businesses are more cautious, new data released on Tuesday shows. Consumer confidence grew to 174.7 points in the fourth quarter of 2023, which was 8.5 per cent higher than in the third quarter, and also an improvement on the fourth quarter in 2022. Concurrently, business confidence dipped 4.0 per cent […]
More executives are feeling better about the global economy, but a growing number don’t think their companies will survive the coming decade without a major overhaul because of pressure from climate change and technology such as artificial intelligence, according to a new survey of CEOs by one of the world’s largest consulting firms, PwC. The […]