The dollar’s surge has put other nations trying to boost their economies in a challenging position: raising interest rates would boost their currency but also put the brakes on economic recovery.
Business
Business news and information from the Portland Press Herald.
Posted inBusiness, Nation & World, Politics
America’s energy safety net was built for the cold. Hot summers threaten it
New England states have long relied on the Low-Income Energy Assistance Program to keep residents warm in the winter, but now other states may need it to lower cooling costs in the summer. ‘The dilemma is, we don’t have enough funding to cover both,’ one energy official says.
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Posted inBusiness, Lewiston-Auburn, News
Lewiston funeral home worker says owner ‘was drunk.’
A part-time worker at Affordable Cremation Solution testifies at civil trial against the business, saying the owner stopped coming to work.
Posted inBusiness, Uncategorized
Germany to spend billions to tackle high energy prices
A fund will be used to limit the price customers pay for natural gas, and the government is dropping a previously proposed surcharge on natural gas.
Posted inBusiness, Nation & World
Fewer people seek U.S. unemployment aid amid solid hiring
It’s a sign that few companies are cutting jobs despite high inflation and a weak economy.
Posted inBusiness, Uncategorized
Pumpkin farms adapt to improve soil, lower emissions
This Thanksgiving, your pumpkin pie might have a lower carbon footprint.
Posted inBusiness
Wall Street drops back to lowest since 2020
Worries about a possible recession and rising bond yields put the squeeze back on markets.
Posted inBusiness, Nation & World
In one tiny German town, nobody worries about energy bills
Most Europeans are watching their energy bills soar as the war in Ukraine drives up the price of natural gas, oil and electricity. Feldheim has been energy self-sufficient for a decade.
Posted inBusiness, Nation & World, News
Senate passes stopgap bill to avert shutdown, aid Ukraine
The bill finances the federal government through Dec. 16 and buys lawmakers more time to agree on legislation setting spending levels for the 2023 fiscal year.
Posted inBusiness, Nation & World, News, Politics, Schools and Education
Republican states sue Biden administration over student loan plan
It’s at least the second legal challenge this week to the sweeping debt-relief proposal laid out by President Biden in late August.