Efforts to lower the threshold amount or exclude certain countries altogether from duty-free treatment are set to become a major trade fight in this Congress.
Business
Local, state and national business news from the Kennebec Journal and Morning Sentinel.
Posted inBusiness
Is Twitter ready for Europe’s new Big Tech rules? EU official says it has work to do
The Digital Services Act, along with new regulations in the pipeline for data and artificial intelligence, has made Brussels a trailblazer in the growing global movement to clamp down on tech giants.
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Posted inBusiness, Nation & World
Paris climate summit ends without a deal on global tax on shipping
The idea of a global tax on the greenhouse gas emissions produced from international shipping has been gaining traction and could potentially be adopted at a July meeting of the International Maritime Organization.
Posted inBusiness, Maine, News, Politics
A federal bill would ban wind power development in key fishing area off Maine coast
Rep. Jared Golden has introduced legislation in Congress that would prevent offshore wind development in Lobster Management Area 1, which is the zone closest to the shore and stretches along the entire coast.
Posted inBusiness, Kennebec Journal, Maine
No ifs ands or putts: Richmond mini golf course set to become a central Maine destination
Moose Mountain Adventure Park is slated to open an 18-hole course and ice cream stand July 1.
Posted inBusiness, Health, Maine, Nation & World, News
3M reaches $10.3 billion settlement over contamination of water systems with ‘forever chemicals’
The deal would compensate water providers for pollution with per- and polyfluorinated substances, known collectively as PFAS.
Posted inBusiness, Nation & World, News
Weekly U.S. applications for unemployment aid remain relatively elevated
The number of Americans applying for unemployment benefits remained elevated last week, a possible sign that the Federal Reserve’s rate hikes are beginning to cool a still-strong labor market
Posted inBusiness, Nation & World, News, Politics
Fed Chair reinforces likelihood of more interest rate hikes due to persistently high inflation
The central bank has raised its benchmark rate aggressively since March 2022 in a push to slow the economy and reduce inflationary pressure.
Posted inBusiness, Health, Nation & World, News
FDA warns stores to stop selling Elf Bar, the top disposable e-cigarette in the U.S.
U.S. regulators have sent warning letters to dozens of retailers selling fruity disposable electronic cigarettes, including the current best-selling brand, Elf Bar.
Posted inBusiness, Nation & World, News
U.S. safety agency to require automatic emergency braking on heavy trucks and buses
The government’s traffic safety agency says it will require that heavy trucks and buses include potentially life-saving automatic emergency braking equipment within 5 years.