New buildings that rely on fossil fuels would be required to install solar panels in anticipation of a future conversion.
Business
Local, state and national business news from the Kennebec Journal and Morning Sentinel.
Posted inBusiness, Nation & World
France’s Macron risks his government to raise retirement age
The president’s unilateral move to raise the retirement age from 62 to 64 will trigger quick motions of no-confidence in his government.
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Posted inBusiness
Stocks rally after battered First Republic gets a lifeline
This week has been a whirlwind for markets globally on worries that banks may be bending under the weight of the fastest set of hikes to interest rates in decades.
Posted inBusiness, Maine, News
Report finds affordable housing unavailable for more than half of Maine’s poorest renters
A national study released Thursday says the crisis extends to every state, and Maine actually fares better than others.
Posted inBusiness
Europe’s central bank backs big rate hike despite bank chaos
Questions are being raised about what the U.S. Federal Reserve will do at its meeting next week.
Posted inArts & Entertainment, Business
Why TikTok’s security risks keep raising fears
China is accusing the U.S. of spreading disinformation amid reports the Biden administration is calling for TikTok’s Chinese owners to sell their stakes in the company.
Posted inBusiness
Experts, banks look for ideas to stop next bank failure
The search for solutions is refocusing attention on a 2018 federal law that rolled back tough bank regulations put in place after the 2008-2009 financial crisis.
Posted inBusiness, Nation & World, News, Uncategorized
Big banks create $30 billion rescue package for First Republic
Sources familiar with the matter said that JPMorgan Chase, Citigroup, Wells Fargo, and Goldman Sachs are part of the group of banks pulling together the package.
Posted inBusiness, Nation & World, News
Treasury Secretary Yellen tells Congress U.S. banking system ‘remains sound’
In less than a week, Silicon Valley Bank, based in Santa Clara, California, failed after depositors rushed to withdraw money amid anxiety over the bank’s health.
Posted inArts & Entertainment, Business
T-Mobile acquires Mint, partly owned by Ryan Reynolds
The cash-and-stock deal worth as much as $1.35 billion.