European leaders insist payment will remain in euros and dollars and want to see the fine print of how the decree will be implemented.
Business
Local, state and national business news from the Kennebec Journal and Morning Sentinel.
Posted inBusiness, Nation & World
OPEC sticks to modest boost in oil despite war jitters
The alliance, which includes Russia, has been unmoved by pleas from oil-consuming countries to pump more oil as energy prices soar.
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Posted inBusiness, Nation & World
Biden tapping oil reserve, aims to cut gas prices ‘fairly significantly’
The president also wants Congress to impose financial penalties on oil and gas companies that lease public lands but are not producing.
Posted inBusiness, News
A key inflation gauge reaches 40-year high as gas and food soar
The inflation spike is taking a toll on consumers.
Posted inBusiness
Is Walgreens overcharging bottle deposit fee in Maine stores?
The company is only supposed to charge 5 cents for beverage containers in the state of Maine as a part of the state’s “Bottle Bill” program, but customers are currently incurring 15-cent fees at locations across Western Maine.
Posted inBusiness, Nation & World, Politics
Biden planning steady release from oil reserve to control gas prices
High oil prices have not coaxed more production, creating a challenge for the president.
Posted inBusiness, Maine
Bill would double vehicle inspection fee across most of Maine
The extra revenue would help pay to convert the inspection system to a more efficient electronic one, but Gov. Janet Mills said Wednesday she would veto the bill if it reaches her desk.
Posted inBusiness, Maine, News
Gov. Mills says Maine economy is on the right track
Investments in job creation, high-speed internet and an influx of new residents are setting the state up for future growth, the Democrat said during a conversation at the Roux Institute on Fore Street.
Posted inBusiness, Maine, Politics
Maine politicians ask for more time to meet lobstering rules to protect whales
The rules call for gear conversion by May 1, but the new gear isn’t available to most fishermen, they said.
Posted inBusiness, Nation & World
Stocks fall, breaking a four-day winning streak on Wall Street
Technology stocks were among the biggest weights on the broader market Wednesday.