A European Union body ruled that Meta’s transfers of European Facebook users’ data violated the bloc’s privacy rules. Meta says it will appeal the decision.
Business
Business news and information from the Portland Press Herald.
Posted inArts & Entertainment, Business, Nation & World, New England, News, Schools and Education
Hollywood executive booed during Boston University graduation
Scores of students turned their backs as the CEO of Warner Bros. Discovery gave the school’s commencement address while striking writers picketed outside.
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Posted inBusiness, Nation & World, News, Politics
Biden, McCarthy to meet Monday for debt limit talks after ‘productive’ call
Biden previously said on Sunday that Republicans in the House must move off their ‘extreme positions’ on the now-stalled talks over raising America’s debt limit.
Posted inBusiness, Lewiston-Auburn
Auburn-Lewiston Municipal Airport facing turbulent times
City leaders say poor management and oversight issues at the airport have led to serious financial woes dating back nearly a decade, worsened by Elite Airways’ insolvency.
Posted inBusiness, Nation & World, News
The debate over whether AI will destroy us is dividing Silicon Valley
The debate about AI has heated up as Google, Microsoft, and OpenAI release public versions of breakthrough tech that can engage in complex conversations and conjure images based on simple text prompts.
Posted inBusiness, Nation & World, News, Politics
There’s no final debt ceiling deal. But already, lawmakers don’t like it.
With the clock ticking toward a possible June 1 deadline, there was still much ground to cover going into the weekend.
Posted inBusiness, Maine
Maine’s unemployment rate hit 2.4% in April, an all-time low
It’s the lowest it has been since the state Department of Labor began recording the statistic in 1976.
Posted inBusiness, Nation & World
Instagram readies Twitter competitor for summer release
The app, which will be separate from Instagram but will allow people to connect accounts, may debut as soon as June.
Posted inBusiness, Nation & World
Wall Street’s best week since March stalls amid debt worries
Wall Street’s best week since March ran out of steam as worries rose about the U.S. government’s efforts to avoid a potentially disastrous default on its debt
Posted inBusiness, Maine, News
Maine businesses brainstorm how to deal with climate change as an economic issue
Over 400 businesspeople and 60 presenters gathered in Augusta to share perspectives and practices on dealing with Earth’s warming.