Approximately 70 vessels are waiting some 20 days to load over 3 million tons of sugar in the country, shipping agency SA Commodities said.
Business
Local, state and national business news from the Kennebec Journal and Morning Sentinel.
Posted inBusiness, Nation & World, News
World’s top renewable firms reel even as installations surge
Companies in the sector are being squeezed by volatile costs, snarled projects, high interest rates, and – in the solar sector – a rush to add new capacity that’s overwhelmed demand.
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Posted inBusiness, Kennebec Journal, Maine, News
Augusta Dollar General shuts down over safety concerns
Items stacked in the aisles and electrical wires being exposed and in reach of customers drove the temporary shut-down of the Eastern Avenue dollar store, officials said.
Posted inBusiness, Nation & World, News
Apple has plans to eventually, maybe revolutionize health care
Four years after the quiet arrival of Avolonte, Tim Cook stood in the same packed auditorium where his predecessor, Steve Jobs, unveiled the original Macintosh and introduced the Apple Watch.
Posted inBusiness, Nation & World, News
Federal Reserve leaves its key rate unchanged but keeps open possibility of a future hike
Consumer inflation has dropped from a year-over-year peak of 9.1% in June 2022 to 3.7% last month. But recent data suggests that inflation remains persistently above the Fed’s 2% target.
Posted inBusiness, Maine
Good news: Maine heating prices stable heading into the winter
Oil and propane currently cost less than the record highs in 2022, but world conflicts could affect prices after the first of the year, experts say.
Posted inBusiness, Nation & World
War plunged Israel’s agricultural heartlands into crisis, raising fears for its farming future
In an effort to fill labor gaps by those who are no longer allowed to work or have evacuated, the Agriculture Ministry has said it will extend temporary work visas and give bonuses of $500 a month.
Posted inBusiness
Hannaford donates $210,000 for Lewiston aid
The supermarket chain is directing gifts to support a ride-along mental health counselor and the families affected by last week’s mass shooting.
Posted inBusiness, Nation & World
Massive windfarm project to be built off Virginia coast gains key federal approval
Dominion Energy says construction should be done by late 2026.
Posted inBusiness, Maine, News, Sports
Sports betting in Maine will go live on Friday
The Department of Public Safety announces that rules for sports betting have been approved, and that wagers can be placed starting at 9 a.m. Friday.