Business

Consumers are now being asked to pay JA$350 for a dozen of eggs. The Jamaica Egg Farmers’ Association says the price of eggs has moved from an average $240 per dozen to the current price.

American Airlines failed to agree on cost-cutting measures with its flight attendants’ union, setting the stage for a judge to rule on voiding the contract for the bankrupt carrier, a subsidiary of AMR Corp, the union said in a statement late on...

Spain will stick to harsh austerity measures until it emerges from financial crisis, the prime minister said yesterday, promising that the country would survive the present economic turmoil.

Tobago’s reliance on international tourists, principally from Europe and the United Kingdom, threatens to negatively impact the island’s economy during this year’s August (summer) and winter business cycles, says Nicholas Hardwicke, president of the...

Brazil’s economic growth has slowed to a near halt as the government reports expansion of just 0.2 per cent in the first quarter over the fourth quarter last year.

Former Minister in the Ministry of Finance, Mariano Browne, yesterday expressed fears that Caribbean Airlines Limited (CAL) may turn into another BWIA West Indies Airways Limited because of the management practices being adopted.

British oil giant BP said yesterday it is considering selling its 50 per cent stake in its Russian joint venture TNK-BP, in a deal that could fetch at least US$15 billion.

The stock market suffered its worst day of the year yesterday after a surprisingly weak report about hiring and employment cast a pall of gloom over the US economy.