The latest example is the nationalization of Russia’s largest pasta producer.
Business
Local, state and national business news from the Kennebec Journal and Morning Sentinel.
Posted inBusiness, Nation & World, News
Migrant workers who helped build modern China have scant or no pensions, and can’t retire
China’s first generation of migrant workers played an integral role in the country’s transformation from an impoverished nation to an economic powerhouse.
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Posted inBusiness, News
EPA sets strict emissions standards for heavy-duty trucks and buses in bid to fight climate change
The new rules for heavy trucks and buses come a week after the EPA announced new automobile emissions standards for passenger vehicles.
Posted inBusiness, Nation & World
Powell says Fed wants to see ‘more good inflation readings’ before it can cut rates
The resulting higher borrowing costs helped bring inflation down – from a peak of 9.1% in June 2022 to 3.2% last month.
Posted inBusiness, Nation & World
Not so sweet: Easter shrinkflation hits chocolate aisle as cocoa surges
Even though prices are higher, now may not be a bad time to start stockpiling some treats – especially in the week after Easter when leftover holiday goodies go on sale.
Posted inArts & Entertainment, Business, Sports
Owning Wrexham soccer club is hitting Ryan Reynolds in the wallet by millions
While the club said turnover rose from nearly $7.5 million to $13.3 million and that future prospects are positive, its losses increased to $6.4 million.
Posted inBusiness, Maine
CMP ratepayers could see bills jump 12% to cover rising solar power subsidies
The utility is asking the Maine Public Utilities Commission for permission to bill ratepayers $116 million for subsidies paid to solar developers in the net energy billing program that is part of Maine’s effort to cut greenhouse gas emissions.
Posted inBusiness, Maine, Politics
Committee advances proposal to raise minimum wage for Maine farmworkers
The Committee on Labor and Housing passed an amended version of Gov. Janet Mills’ bill to raise the minimum wage for farmworkers to $14.15 per hour, the same rate as that for other workers.
Posted inBusiness, Nation & World, New England
Last coal-burning power plant in New England set to close in a win for environmentalists
Merrimack Station in New Hampshire will become the state’s first renewable energy park under a deal with the EPA.
Posted inBusiness, Nation & World
Stock market surge rewards S&P 500 with best start since 2019
The benchmark index gained more than 10% over the first 3 months of 2024, while the Dow Jones rose by 5.5%.