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Business
Local, state and national business news from the Kennebec Journal and Morning Sentinel.
Saudi Arabia opens its first liquor store in over 70 years as kingdom further liberalizes
While restricted to non-Muslim diplomats, the store in Riyadh comes as Saudi Arabia’s assertive Crown Prince Mohammed bin Salman aims to make the kingdom a tourism and business destination.
Maine eyes rule change to make it easier to grow food in urban areas
Lawmakers consider greenlighting more low-cost hoop houses to cultivate food.
Gov. Mills honors 4 Maine businesses for excellence
The 2023 Governor’s Awards for Business Excellence went to firms committed to their communities and their employees.
Netflix soars on biggest spike in new subscribers since pandemic
The streaming giant rebounded from a rocky 2022 by posting one of its strongest years of customer growth, buoyed by a crackdown on password sharing.
Americans’ economic outlook brightens as inflation slows, wages outpace prices
Economists say consumers appear to be responding to steadily slower inflation, higher incomes, lower gas prices and a rising stock market.
State web portal now open for filing Maine personal income tax returns
Maine Revenue Services is offering free webinars for individuals and tax professionals on how to use the online portal to file, pay and manage state income tax returns.
Washington state lawsuit throws wrench into planned Kroger-Albertsons merger
The impact is unclear as federal regulators continue their review and Kroger extends the timeline to complete its takeover of Albertsons, which owns 19 Shaw’s supermarkets in Maine.
Bill to scale back natural gas in Maine draws strong opposition at public hearing
Environmentalists say the measure is needed to reduce greenhouse gas emissions, but the industry and business communities say it would limit consumer choice and harm the economy.
Maine unemployment rate increases for 5th straight month but remains historically low
The rate of 3.2% in December was the highest it has been in 22 months, according to state data, but is still below the national rate.