Abiy Ahmed urged citizens to rise up and ‘bury’ the rival Tigray forces who now threaten the capital.
Business
Local, state and national business news from the Kennebec Journal and Morning Sentinel.
Posted inBusiness, Nation & World
France frees U.K. trawler caught up in English Channel fishing dispute
London and Paris have traded threats and allegations for weeks over French demands for licenses to fish in U.K. waters.
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Posted inBusiness, Nation & World
Stocks rise after Fed says it will dial back aid for economy
The S&P 500 rose 0.6% and the Dow Jones Industrial Average added 0.3%, both marking their fifth straight gain.
Posted inBusiness, Nation & World, News
Federal Reserve to begin slowing economic aid as inflation worries rise
The announcement comes against a backdrop of surging prices across the economy – in food, rent, heating oil, autos and other necessities – that have imposed a burden on households.
Posted inBusiness, News
Central Maine business briefs: Kennebec Savings Bank receives national service award
People & Places: Community Bankers of America, an industry group, honors KSB
Posted inBusiness, Maine
Avangrid files lawsuit, vows to continue power line project despite voters’ rejection
The company filed a lawsuit in Maine Superior Court challenging the constitutionality of a voter-approved measure to ban the project.
Posted inBusiness, Elections, Maine, News
Maine voters approve $100 million transportation bond
Election returns late Tuesday night showed 71% of voters supported the borrowing package, which includes $85 million for highways and bridges.
Posted inBusiness, Nation & World
Facebook to shut down face-recognition system, delete data
About 640 million users opt for that form of authentication system.
Posted inBusiness, Maine, News
L.L.Bean expects delays going into holiday season amid global supply-chain mess
While the company’s well-known “Bean Boot” is made locally in Maine, L.L.Bean, like many other retailers, operates through a global supply chain.
Posted inBusiness, Maine, News
Portland International Jetport pursues $4.5 million property deal
The airport plans to buy a 4.5-acre valet service parking lot from its current owner and restart the business, which closed during the pandemic.