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Business & Tech

Do-not-eat listing draws lawsuit from Maine lobster industry

PORTLAND, Maine (AP) — A coalition representing the Maine lobster industry is suing an aquarium on the other side of the country for recommending that seafood customers avoid buying a variety of lobster mostly harvested in their state. Industry groups including Maine Lobstermen's ...

Kentucky House passes tax-relief bill for bourbon industry

FRANKFORT, Ky. (AP) — Proposed tax relief for Kentucky's bourbon makers was fast-tracked Monday in advancing in the state House, but local leaders living near some of the world's best-known distilleries were in no mood to toast the industry victory. The measure aims to phase out a property ...

Biden’s test: Can he show competence to avert banking chaos

WASHINGTON (AP) — In 2016, Vice President Joe Biden warned against efforts to unravel banking regulations that Democrats had fought to implement following the nation's financial crisis, just as the emerging Trump administration was determined to loosen those strict banking rules. Biden ...

Defense budget speeds toward $1 trillion, with China in mind

WASHINGTON (AP) — The Pentagon intends to load up on advanced missiles, space defense and modern jets in its largest defense request in decades in order to meet the threat it perceives from China. The spending path would put the military's annual budget over the $1 trillion threshold in just ...

UK boosts defense spending in response to Russia and China

LONDON (AP) — U.K. Prime Minister Rishi Sunak pledged Monday to increase military funding by 5 billion pounds ($6 billion) over the next two years in response to Russia's invasion of Ukraine and the "epoch-defining challenge" posed by China. The increase, part of a major update to U.K. ...

After two historic US bank failures, here’s what comes next

WASHINGTON (AP) — Two large banks that cater to the tech industry have collapsed after a bank run, government agencies are taking emergency measures to backstop the financial system, and President Joe Biden is reassuring Americans that the money they have in banks is safe. It's all eerily ...