The decline is the result of supply chain issues and now lowering demand as a result of higher prices and interest rates.
Nation & World
National and world news from the Kennebec Journal and Morning Sentinel.
Posted inNation & World, News
Russia hits key infrastructure with missiles across Ukraine
Moscow has targeted Ukrainian power facilities and other key infrastructure in a bid to weaken the country’s resolve and force it to negotiate on Russian terms.
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Posted inNation & World, News
Jan. 6 panel drops Trump subpoena as it wraps up work
The committee had voted to subpoena Trump during its final televised hearing before the midterm elections in October, demanding testimony and documents from the former president.
Posted inBusiness, Nation & World, News
Southwest Airlines expects to return to normal operations Friday
Executives tell employees that crew scheduling this week – a major cause of the meltdown – has been fixed.
Posted inBusiness, Nation & World, News
U.S. jobless claims rise slightly but remain near historic lows
Initial unemployment claims increased by 9,000 to 225,000 in the week ended Dec. 24.
Posted inNation & World, News
Israel swears in Netanyahu as prime minister of right-wing government
Despite his political comeback, he remains on trial for charges of fraud, breach of trust, and accepting bribes in three corruption cases.
Posted inNation & World, News, Religion and Values
Pope Benedict XVI lucid, stable, but in serious condition
In 2013, he became the first pope in 600 years to resign, and he chose to live out his retirement in seclusion in a converted monastery in the Vatican Gardens.
Posted inBusiness, Nation & World
Ukraine intends to develop air-to-air combat drones
Kyiv has some 1,400 drones, already, mostly for reconnaissance.
Posted inNation & World, Politics
New York Rep.-elect Santos investigated for lying about his past
The Republican admits lying about his heritage, education and professional pedigree as he campaigned.
Posted inNation & World
Floods in Philippines leave 29 dead, dozens missing
Over 86,000 people are still in emergency shelters after bad weather disrupted Christmas celebrations.