The latest round of sanctions, imposed under China’s Anti-Foreign Sanction Law, will freeze all assets by businesses inside China and deny individuals and their immediate family members visas to enter the country.
Business
Local, state and national business news from the Kennebec Journal and Morning Sentinel.
Posted inBusiness
UK inflation falls to 2.3%, lowest level since pandemic stifled global economy
Though the latest fall in inflation is welcome, it didn’t drop as far as some economists had hoped.
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Posted inBusiness
Rudy Giuliani peddles self-named coffee amid legal woes, financial struggles
The former New York City Mayor, who is currently grappling with bankruptcy and a debt of $148 million, rolled out the ads for his personally branded coffee.
Posted inBusiness, Nation & World, News
Rudy Giuliani peddles self-named coffee amid legal woes, financial struggles
The former New York City Mayor, who is currently grappling with bankruptcy and a debt of $148 million, rolled out the ads for his personally branded coffee.
Posted inBusiness
Target reports sales decline as discretionary spending remains tepid
U.S. consumers remain resilient, though the broader environment remains complicated and challenging, executives said.
Posted inBusiness, Maine
Skowhegan Walmart Supercenter reopens following store transformation
Walmart associates held a ribbon-cutting ceremony, community celebration, recognition of store associates, vendor samples from other vendors, a community-inspired mural and more on May 17.
Posted inBusiness, Maine, News
This company from southern Maine is first in state to offer ‘renewable propane’ for home heating
Waltz & Sons Propane is looking to establish a market for the alternative fuel – which can be used in all propane applications without modifying appliances – even if it starts as a money-loser.
Posted inBusiness, Nation & World
Trump or Biden? Either way, U.S. seems poised to preserve heavy tariffs on imports
The one thing they both seem to agree on is the view that opening the country to more imports has wiped out American manufacturing jobs.
Posted inBusiness, Maine, Morning Sentinel, News
Fidium Fiber to expand high-speed internet service to Pittsfield area
As part of its expansion across Maine, the company will install new fiber optic lines in the coming months in Pittsfield and surrounding towns, which may lead to disruptions as work is completed.
Posted inBusiness, Nation & World
Biden releasing 1 million barrels of gas from Northeast reserve in bid to lower prices at pump
Tapping reserves is one of the few actions a president can take by himself to try to control inflation.