The U.S. has stepped up financial and trade penalties over China’s treatment of Uyghurs and other Muslim minorities, along with its crackdown on democracy in Hong Kong.
Business
Local, state and national business news from the Kennebec Journal and Morning Sentinel.
Posted inBusiness, Nation & World
Yellen: U.S. regulators to assess risk posed by climate change
The Financial Stability Oversight Council will examine what should be done to improve current regulations on climate-related financial disclosures.
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Posted inBusiness, Nation & World
Bonus pay for essential workers varied widely across states
About one-third of the states have used federal coronavirus relief aid to provide extra pay to workers who were considered essential during the coronavirus pandemic
Posted inBusiness, Maine
State budget includes huge boost for land preservation
Lawmakers included $40 million for the state-run Land for Maine’s Future, the second-highest injection of cash in the history of the popular conservation program.
Posted inBusiness, Maine
Inspired by the outdoors, 3 Maine girls launch nonprofit to send kids to camp
Through their organization, Gratitude for Maine, the girls sell their original photography work to raise money for the Susan L. Curtis Foundation.
Posted inBusiness, Food & Dining, Maine
Diners are back, but with staff and supply shortages, restaurants are still scrambling
Some changes made during the pandemic have helped them keep up with the onslaught of business that they desperately need, but others have had to go.
Posted inBusiness, News
Central Maine business briefs: Kennebec Savings Bank awards $50,000
People & Places: Spectrum Generations awarded grant.
Posted inBusiness, Maine, Maine Crime
York veterinary practice hit by ransomware attack
The vet who runs the York Animal Hospital said he lost patient records when he refused to pay the $80,000 ransom.
Posted inBusiness
Stocks close higher, capping a third straight week of gains
Banks, technology companies and industrial stocks powered much of the rally.
Posted inBusiness, Nation & World
Federal Reserve pledges ‘powerful support’ for economy
The central bank indicates it plans to maintain low interest rates until further progress is made in recovering from last year’s severe recession.