High oil and gas prices have hit Britain hard, with double-digit inflation fueling a wave of public-sector strikes, soaring food bank use and demands that politicians expand a tax on the windfall profits of energy companies.
Business
Business news and information from the Portland Press Herald.
Posted inBusiness, Nation & World, News
Musk’s Twitter expected to face the strictest E.U. content rules
Tech companies regardless of their size have to follow the fundamental rules of the DSA and take down illegal content in all the E.U.’s 27 countries.
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Posted inArts & Entertainment, Business, Lewiston-Auburn, News
Lewiston museum takes new name, sets sights on new funding goal, location
The Maine Museum of Innovation, Learning and Labor should open in the former Camden Yarns mill site during 2025, museum officials said.
Posted inBusiness, Nation & World, News
U.S. Treasury Secretary Yellen touts gain in jobs, playing down recession danger
The Labor Department reported last week that employers added 517,000 new jobs in January, exceeding all economist estimates.
Posted inBusiness, Nation & World, News
AMC will charge more for the best seats in its movie theaters
The initiative, which will only apply to movie screenings after 4 p.m., will be expanded to all AMC locations by the end of 2023.
Posted inBusiness, Nation & World, News
Side hustles are twice as common as U.S. jobs data suggest, survey finds
Nearly 10% of workers reported having a main job plus at least one other side gig, according to the latest work-from-home survey.
Posted inBusiness, Maine, News
Regulators invite comments on plan to increase legal size of lobsters
Recent surveys that show declining levels of young lobsters are a concern for the future of the fishery, and the rules aim at maintaining a breeding population.
Posted inBusiness, Nation & World, News
Crews release toxic chemicals from derailed tankers in Ohio
Officials warned the controlled burn would send toxic chemicals into the air.
Posted inBusiness, Nation & World, Politics
Biden’s State of the Union to tout policy wins on economy
‘Jobs are up, wages are up, inflation is down, and COVID no longer controls our lives,’ Biden told the Democratic National Committee on Friday.
Posted inBusiness, Nation & World, News
Europe bans Russian diesel, other oil products over Ukraine
The goal is to allow Russian diesel to keep flowing to countries like China and India and avoid a sudden price rise that would hurt consumers worldwide.