The goal is to allow Russian diesel to keep flowing to countries like China and India and avoid a sudden price rise that would hurt consumers worldwide.
Business
Local, state and national business news from the Kennebec Journal and Morning Sentinel.
Posted inBusiness, Kennebec Journal, Maine
South China bottle redemption center helps sort through problems in the system
Amanda and Tom Roddy bought their redemption center on Route 3 nearly five years ago and they’re hoping that this year, lawmakers will be able to make changes to the state’s bottle redemption program.
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Posted inBusiness
Owners urged to park old Hondas until air bags are fixed
The government issues a ‘Do Not Drive’ advisory for the 2001 through 2003 vehicles with Takata inflators.
Posted inBusiness
Unexpected job surge confounds Fed’s economic models
Friday’s report suggests that inflation could continue to decline even while employers keep adding workers.
Posted inBusiness, Nation & World
EU prepares more Russia sanctions as Kremlin readies offensive
The package will target Moscow’s wartime technology and take aim in particular at components used in the manufacturing of drones.
Posted inBusiness
Jury clears Elon Musk of wrongdoing with 2018 Tesla tweets
The trial hinged on whether he misled shareholders, steering them in a direction that they say cost them billions.
Posted inBusiness, Community
Maine Tourism Association predicts 2023 will have similar demand, challenges
HALLOWELL – The Maine Tourism Association recently polled its members about how 2023 is shaping up for Maine’s tourism businesses. According to Tony Cameron, chief executive officer, 52% of members responding to the survey stated they believe 2023 business will be the same as last year. About 30% said business would be better than last […]
Posted inBusiness, Community
Colby hires executive director for Goldfarb Center for Public Affairs
WATERVILLE — Alison Beyea has been appointed as the executive director of the Goldfarb Center for Public Affairs at Colby College. Beyea, an attorney and advocate, is the former executive director of the American Civil Liberties Union of Maine, where she distinguished herself as a leader and fierce defender of civil rights, according to a […]
Posted inBusiness, Community
Kennebec Savings Bank awards two $30,000 Catalyst Grants to central nonprofits
AUGUSTA — Kennebec Savings Bank recently named Snow Pond Center for the Arts and Maine GearShare as the recipients of its Catalyst Grants. The two $30,000 gifts are designed to support creative concepts that might otherwise not be possible for the nonprofit organizations, according to a news release from Amanda Cooley, vice president and marketing […]
Posted inBusiness, Nation & World, News
U.S. adds a surprisingly strong 517,000 jobs despite Fed hikes
It was a surprisingly strong gain in the face of the Federal Reserve’s aggressive drive to slow growth and tame inflation with higher interest rates.