In its latest assessment of the global economy, the International Monetary Fund predicted that worldwide inflation will cool from 6.7% last year to 5.8% this year and to 4.3% in 2025.
Business
Local, state and national business news from the Kennebec Journal and Morning Sentinel.
Posted inBusiness, Nation & World
Former Abercrombie & Fitch CEO Mike Jeffries arrested on federal sex trafficking charges
Jeffries, his romantic partner and a third man were arrested Tuesday on charges of luring men into sex parties held around the world.
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Posted inBusiness, Nation & World, News
Taxpayers will get higher standard deductions in 2025, IRS announces
It’s rising to $15,000, up $400 from this year.
Posted inBusiness, Maine, News
Feds reject Maine’s request for $456 million to build proposed wind port at Sears Island
Sears Island is Maine’s preferred site because the state owns a 100-acre property where a wind port would be built, avoiding lease payments at nearby Mack Point.
Posted inBusiness, Maine, New England
Regulators delay increase in minimum lobster size till July
The changes were previously slated to take effect in January but have drawn criticism from lobstermen who say they could give Canadian harvesters an unfair edge.
Posted inBusiness, Maine, News
Do your groceries need to be tossed out? What we know about the listeria recalls in Maine
A recent spate of listeria recalls is causing alarm.
Posted inBusiness, Nation & World, New England
Should minimum wage be lower for workers who get tipped? Two states are set to decide
Voters in Arizona and Massachusetts will decide whether employers should be able to continue to pay tipped workers such as servers and bartenders a lower minimum wage than non-tipped workers.
Posted inBusiness, Health, Maine, Morning Sentinel
Northern Light food service, housekeeping jobs to transfer to another company
About 500 positions in food service and housekeeping at Northern Light acute care facilities, including Inland Hospital and Lakewood Continuing Care in Waterville, will be taken over by Compass One starting in January, according to a Northern Light official.
Posted inBusiness, Maine, News
Press Herald, Maine Trust for Local News recognized with Maine Press awards
The Portland Press Herald and Maine Sunday Telegram won 60 awards for journalism and advertising excellence as part of the annual Maine Press Association contest.
Posted inBusiness, Maine
Kennebec Journal, Morning Sentinel staff take top honors at 2024 Maine Press Association ceremony
The press association’s annual awards ceremony was held Saturday at the Atlantic Oceanside Hotel & Event Center in Bar Harbor.