Stores face crime, decreased foot traffic in urban centers and inflation-related issues.
Business
Business news and information from the Portland Press Herald.
North Korea tells Japan it plans to launch satellite soon
South Korea warns that violating U.N. Security Council resolutions will bring consequences.
China plans to land astronauts on moon, expand orbiting space station
Meanwhile, the U.S. aims to put a crew back on the lunar surface by the end of 2025.
Native Hawaiians divided over artificial surf lagoon
The project is in court and reflects the unease some feel about the commercialization of what long has been a cultural touchstone.
Drought-struck Barcelona quenches thirst with costly desalination
The Mediterranean region is heating up at a faster rate than many other areas of the globe.
Debt deal would reduce IRS expansion, approve permits for West Virginia pipeline
With days to spare until a government default, President Biden and House Speaker Kevin McCarthy, R-Calif., on Saturday evening announced a deal to raise the federal debt ceiling and fund the government for the next two years. The deal now faces an uncertain path to passage through the House and Senate. Conservatives have already objected […]
More businesses require teens to be chaperoned by adults, curbing their independence
For many teens, roaming shopping malls, hanging out at amusement parks, and watching a movie at a local theater with their peers have been long considered the rites of passage to adulthood
Mainers divided over rise of glamping
Some communities are pushing back on plans to develop ‘glampgrounds’ that seek to offer an outdoor hotel-like experience.
Debt ceiling tests McCarthy as he rides breezily through high-wire act of his career
McCarthy laid down a marker in his first meeting with Biden back in February. The new Republican speaker refused to raise any taxes to help offset federal deficits.
Debt ceiling deal reached by Biden and Republicans now set to go to Congress
The compromise announced late Saturday risks angering both Democratic and Republican lawmakers as they begin to unpack the concessions.