After rising again Friday, it’s near its highest level against six major currencies in over 20 years.
Business
Business news and information from the Portland Press Herald.
Posted inBusiness, Maine, News
Immigrants may hold a key to solving Maine’s labor shortage
As more people leave the state’s workforce than enter it, new Mainers may play a vital role in filling the gaps.
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Posted inBusiness, Maine, News
Effects of climate change underlie CMP rate hike request
Everyone wants a stronger grid. But can beleaguered customers afford it now?
Posted inBusiness
Bountiful: Somali Bantu farm in Wales reaping a harvest
80% of the commercial operation crop helps feed hungry Mainers.
Posted inBusiness, Maine
Auburn businessman facing millions in fines for alleged shoreline violations at Sebago Lake
A Raymond official says changes made to the property by the owner are ‘by far the most egregious’ he has ever seen. Donald Buteau claims the town is biased against him because he’s wealthy.
Posted inBusiness, Nation & World
Global economy weakening amid inflation, war and lingering pandemic
The danger of a hard landing in the United States adds to concerns around the world.
Posted inBusiness, Nation & World
Worker shortages are fueling America’s biggest labor crises
Exhausted workers in education, healthcare and the railroad industry are pushing back after months of months of staffing shortfalls.
Posted inBusiness, Nation & World
Depositors storm 5 banks as Lebanon’s cash crisis worsens
The break-ins reflect public anger at strict informal controls on withdrawals.
Posted inBusiness, Nation & World
California governor signs sweeping climate legislation
One law bill requires the state to reach carbon neutrality by 2045.
Posted inBusiness
China sanctions Raytheon, Boeing Defense CEOs over Taiwan
Such actions are often mainly symbolic in nature.