Persistent inflation, muted economic growth in much of Europe and a protracted recovery in China – where excessive EV discounting is hurting manufacturers – are adding to the industry’s headaches.
Business
Local, state and national business news from the Kennebec Journal and Morning Sentinel.
Posted inBusiness
U.S. revokes Intel, Qualcomm licenses to sell chips to Huawei
The decision will affect sales of chips for use in Huawei phones and laptops, according to the people, who discussed the move on condition of anonymity.
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Posted inBusiness
Cocoa’s dizzying volatility is spilling into the coffee market
Just like cocoa, the coffee market is facing severe shortages. Many major traders deal in both commodities, so soaring cocoa prices are squeezing those market players for cash and forcing them out of coffee trading.
Posted inBusiness, Maine, News
Subsidized heat pump installation is driving growth of clean energy jobs in Maine
Maine’s ‘clean energy economy’ accounted for 15,000 jobs at the end of 2022, posting stronger growth than the economy generally, according to a study commissioned by the Governor’s Energy Office.
Posted inBusiness, Nation & World
FDIC report outlines ‘misogynistic,’ ‘patriarchal’ ‘good ol’ boys’ workplace culture
An independent review of the agency cites incidents of stalking, harassment, homophobia and other violations of employment regulations.
Posted inBusiness, Nation & World
How to spot AI-generated deepfake images
These fake images might seem harmless. But they can be used to carry out scams and identity theft or propaganda and election manipulation.
Posted inBusiness
TikTok sues U.S. to block law that could lead to ban
If TikTok loses what’s expected to be a protracted fight, it says it will be forced to shut down next year.
Posted inBusiness, Nation & World, News
TikTok sues U.S. to block the law that could ban the social media platform
The popular social video company alleged the law is so ‘obviously unconstitutional’ that its sponsors are trying to portray the law not as a ban, but as a regulation of TikTok’s ownership.
Posted inBusiness, Maine, News, Politics
Gov. Mills orders state to find ways to hire, retain more women in construction jobs
The order is intended to address a large gender gap in the construction industry and help the state combat a severe workforce shortage.
Posted inBusiness, News
Trump Media fires auditing firm that U.S. regulators accuse of ‘massive fraud’
BF Borgers and its owner are charged with ‘deliberate and systematic failures’ in more than 1,500 audits.