Business

NCU team heads to Silicon Valley for International Business Model Competition

Natsima Nutraceuticals team members Lancelot Riley (left), Fiona Bowley, Oshane Solomon, Shanea Wint, and Alston Miller after placing first in the National Business Model Competition last Friday.

Northern Caribbean University (NCU) has been crowned winner of the National Business Model Competition (NBMC) and will represent Jamaica at the upcoming International Business Model Competition (IBMC) in Silicon Valley, California. Its the fourth-consecutive year that NCU has walked away winner of ... Read More

NAIL... you need to go and campaign in India to bring Indian investorsNaphtali Junior Head east!
Indian High Commissioner to Jamaica Shri Sevala Naik reckons that the Government of Jamaica should d ... Read More

A view of the Rose Hall Hilton (File) Therapedic Caribbean signs $60-m deal with Hilton Rose Hall
Local bedding company Therapedic Caribbean has signed a $60-million contract with Hilton Rose Hall h ... Read More

Douglas Orane, director, GraceKennedy (third right) shows his recently published book Understanding the Caribbean Enterprise to university students as James Moss-Solomon (second right), executive-in-residence, Mona School Business Management (MSBM) joins in the moment at last week’s MSBM’s ‘Reasoning Series with CEOs.’(karl mclarty) Douglas Orane reasons with MSBM students
Approximately 150 students from a number of faculties on the Mona Campus of The University of the We ... Read More

The real cost of social media

Hannifa Patterson | Wednesday, March 29, 2017    

Social media professionals create gains (File)

In my business, two of the more difficult challenges I’ve met are: 1. Convincing clients of the importance and relevance of social media to their business 2. Convincing them that it can be a demanding role that requires a real financial investment. Today I would like to address the latter. Here is what you are paying for when you hire an experienced social media professional. Aspiring social media professionals, this is for you too. This is what it takes to actually work professiona ... Read More

Tech world debate on robots and jobs heats up

Wednesday, March 29, 2017    

PARIS, France — A robot retrievies medicines in the pharmacy of the Argenteuil hospital, in Argenteuil, a Paris suburb back in July 2013. (Photo: AFP)

WASHINGTON, United States (AFP) — Are robots coming for your job? Although technology has long affected the labour force, recent advances in artificial intelligence and robotics are heightening concerns about automation replacing a growing number of occupations, including highly skilled or “knowledge-based” jobs. Just a few examples: self-driving technology may eliminate the need for taxi, Uber and truck drivers; algorithms are playing a growing role in journalism; robots are ... Read More

First warning signs appear for UK’s resilient economy

Wednesday, March 29, 2017    

MANCHESTER, United Kingdom — A person walks the streets in the Spinningfields area in the city centre of Manchester, northwest England, one of Britain’s biggest finance hubs, on March 13, 2017. (Photo: AFP)

LONDON, United Kingdom (AFP) — Britain’s economy has for months defied the cataclysmic predictions made by campaigners for staying in the EU ahead of last year’s referendum, but its smooth run shows signs of hitting the skids. As Britain begins the delicate process of extracting itself from the European Union, headwinds are expected for the economy, even though the forecast financial storm has so far failed to materialise. Prime Minister Theresa May has been credited with a d ... Read More

One in five Arab Mediterranean youths hopes to emigrate — study

Wednesday, March 29, 2017    

This file photo taken on December 14, 2015 on Mohamed Bouazizi square in the impoverished central town of Sidi Bouzid shows Tunisian graduates and unemployed youth walking, three days ahead of the fifth anniversary of the self-immolation of Mohamed Bouazizi, a young street vendor, which sparked the revolution that ousted a dictator and ignited the Arab Spring. (Photo: AFP)

MADRID, Spain (AFP) — One in five youths in several North African countries and Lebanon would like to emigrate in search of better prospects, including those with university degrees, according to a survey conducted for the European Commission. The survey of 10,000 people in Algeria, Egypt, Lebanon, Morocco and Tunisia found a deep sense of “frustration and social exclusion”, according to Elena Sanchez-Montijano at the Barcelona Centre for International Affairs, who coordinated ... Read More

Kagame hails Rwanda-Israel bond at Washington forum

Wednesday, March 29, 2017    

Rwanda President Paul Kagame shakes hands with Israel Prime Minister Benjamin netanyahu in a 2014 meeting in Davos, Switzerland. (File)

WASHINGTON, United States (AFP) — Rwanda’s President Paul Kagame became the first African leader to address Washington’s biggest pro-Israel forum Sunday, hailing the Jewish State as an inspiration for his own country’s rebirth after genocide. Kagame was commander of the rebel force that put an end to the 1994 slaughter of Rwandan Tutsis by Hutu extremists and has led the country since 2000, as it recovers from the conflict and becomes a regional economic success story. ... Read More

First woman named to head major Pakistani bank

Wednesday, March 29, 2017    

Future CEO of United Bank Sima Kamil (File)

KARACHI, Pakistan (AFP) — The first woman to head a major commercial bank in Pakistan was named Monday, a landmark move in a country where the economy is growing but the glass ceiling holds firm. Sima Kamil, currently a deputy CEO at the country’s third-largest lender United Bank Limited (UBL), willtake charge on June 1, its directors said in a statement. “She is of course the first chief of any commercial bank, and it is a huge step forward in the banking and corporate s ... Read More

Strike causes chaos in French Guiana

Wednesday, March 29, 2017    

CAYENNE, French Guiana — Demonstrators wave flags during a meeting organised by education unions in front of the local education authority offices on Monday in Cayenne, as part of general strikes on the French overseas territory of French Guiana. (Photo: AFP)

CAYENNE, France (AFP) — Life in French Guiana was severely disrupted by a general strike on Monday that closed schools and shops and stoked fears of further instability in one of France’s overseas territories. The French government appealed for calm in the South American territory which has been gripped by protests since last week over security and the state of the economy. “The first priority is the fight against insecurity,” French President Francois Hollande said of ... Read More

Oxfam exposes tax haven habits of EU big banks

Wednesday, March 29, 2017    

A view of George Town, capital of the Cayman Islands (File)

BRUSSELS, Belgium (AFP) — The 20 biggest banks in the eurozone booked over a quarter of their 2015 profits in tax havens, with Luxembourg and Ireland the favourite destinations, a report by Oxfam said on Monday. The findings come as the tax affairs of major multinationals are under the microscope after revelations in the LuxLeaks and Panama Papers scandals showed the methods used by big companies to avoid paying tax. “New EU transparency rules give us a glimpse into the tax affairs ... Read More

Qatar set to invest £5bn in UK over next five years

Wednesday, March 29, 2017    

LONDON, United kingdom — Britain’s Prime Minster Theresa May greets Qatar’s Prime Minister Abdullah bin Nasser bin Khalifa al-Thani ouside 10 Downing Street in central London on Monday. (Photo: AFP)

LONDON, United Kingdom (AFP) — Qatar will invest £5 billion in Britain within five years in a boost for the post-Brexit economy, Prime Minister Sheikh Abdullah bin Nasser bin Khalifa al-Thani announced Monday. “Over the next three to five years Qatar will invest £5 billion (US$6.23 billion) in the UK economy through various investment funds and relevant parties in Qatar — which will constitute another addition to its already successful investments in ... Read More

BPO sector boosts employment in the west

Monday, March 27, 2017    

A BPO centre

The business process outsourcing sector (BPO) is fast becoming the number one source of employment, next to tourism in western Jamaica. Mayor of Montego Bay, Homer Davis said the sector is now officially one of the main engines of economic growth and “is also a place where many young persons have been making something of their lives”. “Currently, the Government, through the Port Authority of Jamaica, is spending a lot of money to increase BPO space in Montego Bay. Thousands ... Read More



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