Business

Business
Updated 2 hours ago

Shipping firms punished over Strait of Hormuz impasse 

With hundreds of vessels still stuck in the Persian Gulf and costs piling up, shipping companies are being whipsawed by uncertainty over how and when the Strait of Hormuz might reopen more than two months into the Iran war.

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May 6, 2026

Summit property put up for auction
The former Knutsford Court Hotel property in New Kingston will go up for auction on June 3, according to a notice published in The Gleaner. “Deposits payable immediately by certified cheque or bank…
Business
May 6, 2026

GraceKennedy unit disputes J$403-million Guyana tax claim
GraceKennedy Limited's remittance subsidiary in Guyana has received its third disputed tax assessment from the Guyana Revenue Authority (GRA), based on a company reclassification that…
Business
May 6, 2026 by Luke Douglas

Spur Tree Spices plans ackee orchard to strengthen supply
Spur Tree Spices Limited is planting roughly 3,000 ackee trees to secure its own supply of the fruit, as demand from overseas markets outpaces what its current suppliers can deliver, CEO Albert Bailey…
Business
May 6, 2026

CAC 2000 turns to debt refinancing as losses deepen on sharply lower revenues
CAC 2000 Limited is pursuing debt refinancing to stabilise its working capital position as losses deepen on sharply lower revenues, underscoring persistent liquidity challenges at the air-conditioning…
Business
May 6, 2026

Roomba pioneer aims to crack the household market again with an AI-powered pet robot
The robotics pioneer who helped unleash the Roomba vacuum is now betting that you might one day replace your beloved dog or cat with a plush robot that follows you around your home and adapts to your…
Business
May 6, 2026

OpenAI president discloses his $30b stake in the company
Business
May 6, 2026

Pennsylvania sues AI company, saying its chatbots illegally hold themselves out as licensed doctors
The US state of Pennsylvania has sued an artificial intelligence (AI) chatbot maker, saying its chatbots illegally hold themselves out as doctors and are deceiving the system's users into…
Business
May 5, 2026

Shares of eBay take off on a $56 billion buyout bid from GameStop’s Ryan Cohen
Shares of eBay are soaring before the opening bell Monday as Ryan Cohen's GameStop pursues an approximately US$56 billion takeover of the company, seeing it as a vehicle to compete with online…
Chris Dehring, CEO of Cricket West Indies
May 1, 2026

Cricket West Indies expects losses of US$26m this year

Cricket West Indies (CWI) management expects the organisation to incur a further loss of US$26 million this year before returning to profit in 2027, as the body grapples with the financial…