The People’s Bank of China is developing an electronic version of the country’s yuan for cashless transactions that can be tracked and controlled by Beijing.
Business
Local, state and national business news from the Kennebec Journal and Morning Sentinel.
Posted inBusiness, New England
Rhode Island home that inspired the movie ‘The Conjuring’ up for sale
The purportedly haunted farmhouse behind the 2013 horror movie is listed for $1.2 million.
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Posted inBusiness, New England
Boston requiring zero emissions for large buildings by 2050
The ordinance, drafted with the help of developers, applies to all buildings over 20,000 square feet.
Posted inBusiness, Local & State, News
Inflation to push Maine’s minimum wage up to $12.75 in 2022
The lowest legal wage for most workers will go up 60 cents an hour, reflecting rising inflation and a competitive labor market.
Posted inBusiness, Nation & World
EPA rule sharply limits hydrofluorocarbons, gases used as refrigerants
The new rule is intended to decrease U.S. production and use of HFCs by 85 percent over the next 15 years, part of a global phaseout designed to slow global warming.
Posted inBusiness
One to charge them all: EU demands single charging method for phones
The European Commission proposed legislation that would mandate USB-C cables for charging, technology that many device makers have already adopted.
Posted inBusiness, Local & State, News
Bar Harbor Town Council considers steep cuts in number of cruise ship passengers
Members of the town’s Cruise Ship Committee say the potential limits on visitors are too restrictive.
Posted inBusiness, Nation & World
After Northeast flooding, insurance problems swamp residents
Flood damage is not covered by homeowners or renters insurance policies, and most of those affected lived in areas outside of coastal floodplains, making flood insurance an afterthought.
Posted inBusiness, Local & State, Nation & World
Maine jobless claims hold steady as U.S. claims tick up from near a pandemic low
In Maine, initial claims remained at 700 from the prior week, while new U.S. claims rose by 16,000 to 351,000.
Posted inBusiness, Nation & World
A vaccine mandate for domestic flights isn’t ‘off the table’
Such a requirement has led aviation-related stakeholders to complain that the logistical hurdles would be challenging at best and a nightmare at worst.