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CATEGORY

Economics

ABB sells its power conversion division for $505 million

ABB (ABBN.S) has sold its U.S.-based power conversion business to AcBel Polytech Inc (6282.TW) for $505 million, the Swiss engineering and technology company said on Friday. Taiwan-based AcBel said...

Jamaica | Industry, Investment and Commerce Ministry’s 2023 Strategic Objectives Outlined

The Ministry of Industry, Investment and Commerce’s strategic objectives for 2023 will focus on increasing exports and local direct investments, and training unattached youth. Portfolio...

CDB boss outlines priorities for socioeconomic growth

President of the Caribbean Development Bank (CDB) Dr Gene Leon on Wednesday made several recommendations to help spur economic growth and development in the...

Jamaica | STATIN Reports Decrease in December Inflation Rate

The rate of inflation for December 2022 decreased by 0.9 percentage point to 9.4 per cent, compared to November, the Statistical Institute of Jamaica...

Intel is committed to Germany chip plant, working with government -exec

(Reuters) - U.S. chip giant Intel Corp (INTC.O) is committed to building its chip fabrication plant, or fab, in Magdeburg, Germany and is working out funding...

Davos 2023: CEOs buzz about ChatGPT-style AI at World Economic Forum

Business titans trudging through Alpine snow can't stop talking about a chatbot from San Francisco. Generative artificial intelligence, tech that can invent virtually any content...

Jamaica | Gov’t Looking to Attract International Business and Financial Services

The Government is creating the legislative and regulatory environment to position Jamaica as an international business and financial services hub, says Prime Minister, the...

World Bank approves $200 million loan for Barbados

The World Bank on Tuesday approved US$100 (BDS$200 million) in financing to support Barbados’ development of a low-carbon economy and its resilience to climate...

Bahamas – Government signs Heads of Agreement for $175 million development in the Exuma Cays

NASSAU, BAHAMAS —The government yesterday signed a Heads of Agreement (HOA) with the developers behind a $175 million luxury resort and residential development on...

Jamaica on Course to Generate Over US$4B in Record Tourism Earnings

Jamaica’s tourism sector continues to rebound strongly from the COVID-19 pandemic-induced economic fallout, generating earnings of US$3.64 billion in 2022. Tourism Minister, Hon. Edmund Bartlett,...

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