Maryland gaming industry delivers $1.589 billion to state programs in fiscal year 2025
Baltimore, MD – The Maryland Lottery, casinos, sportsbooks, and daily fantasy sports operators contributed a combined $1.589 billion to state programs and services during Fiscal Year 2025, according to new figures released…
Italy industry output dives, growth outlook weakens
By Gavin Jones ROME – Italian industrial output posted its steepest fall for more than a year in January, data showed on Wednesday, as the growth outlook for the euro zone’s third…
Electric Vehicle Industry Hit With Bad News Amid Ukraine Crisis
Electric Vehicle Industry Hit With Bad News Amid Ukraine Crisis Thomas Catenacci on March 8, 2022 The London Metal Exchange (LME) suspended trading of nickel, the key critical mineral that is needed…
Arms industry eyes boost as Europe looks to bolster defences
By Alexander Cornwell RIYADH – Russia’s invasion of Ukraine has catapulted defence spending up the political agenda in Europe and could herald a new era of purchases led by Germany, according to…
China vows to continue its crackdown on industry monopolies
BEIJING – China will continue its crackdown on monopolies to ensure fair competition, Premier Li Keqiang said in a report released ahead of the start of the annual session of parliament on…
Turkish textile industry suffers as customers in Ukraine and Russia cancel orders
By Ceyda Caglayan ISTANBUL – Textile and leather goods’ makers in Istanbul’s garment district are feeling the impact of Russia’s invasion of Ukraine as customers in Moscow and Kyiv have cancelled $200…
25 States Line Up Against Biden Attack On Natural Gas Industry
Half of all U.S. states penned a letter to the Biden administration, arguing against its decision to reverse a Trump-era rule allowing energy firms to transport natural gas via rail. The 25-state…
Ukraine Crisis Proves The Need For Domestic Fossil Fuel Production, Industry Groups Say
Major U.S. oil and gas industry groups urged the Biden administration Thursday to boost domestic energy production amid the ongoing Russian invasion of Ukraine. “The United States has shown its global energy…
Russia to retaliate against sanctions on aviation industry, Kremlin says
MOSCOW – Moscow will retaliate against Western sanctions targeting Russia’s aviation industry over the invasion of Ukraine, Kremlin spokesperson Dmitry Peskov said on Monday. “The guiding principle will be reciprocity, and our…
EU’s new sanctions on Russia will target industry, export controls – diplomat
BRUSSELS – The European Union will impose new sanctions on Russia targeting industry, financial sectors and export controls over Moscow’s invasion of Ukraine, an EU diplomat said on Thursday. “We want the…
Cuba’s sugar industry headed toward worst season ever as production falters
By Marc Frank HAVANA – The Cuban sugar industry is barreling again toward its worst season ever, according to official media reports and sources, threatening to dent both national pride and economic…
De Beers CEO sees stable natural diamond supply, decent industry growth
By Lisa Barrington DUBAI – Natural diamond supply has peaked and will remain stable for the next few decades, the CEO of mining giant De Beers told Reuters on Monday, adding that…
Private equity’s latest play: the troubled kids industry
By Michelle Conlin NEW YORK -Private equity firms are increasingly investing in behavioral services for troubled youth, according to a new report released on Thursday by the nonprofit Private Equity Stakeholder Project.…
Despite challenges, Asia’s aerospace industry plots rebound at air show
By Chen Lin and Aradhana Aravindan SINGAPORE – As a depleted Singapore Airshow winds down, delegates reported growing optimism as the hard-hit Asian aerospace market begins to recover despite emerging concerns around…
US biofuel industry defends record as Biden administration mulls policy reform
– Backers of the U.S. biofuel industry told lawmakers on Wednesday that the nation’s renewable fuel mandates are good for farmers, national security and the environment, defending the controversial program’s record as…
Construction industry groups oppose Biden’s executive order in letter to White House
WASHINGTON – Sixteen groups representing the U.S. construction industry sent a letter to the White House opposing a recent executive order signed by President Joe Biden requiring “project labor agreements” in federal…
China’s ‘common prosperity’ drive positive for wealth management industry – UBS
By Selena Li HONG KONG – China’s drive for “common prosperity” to ease inequality could be a positive catalyst for the local wealth management industry, as it leads to expansion of the…
Raytheon says it is a ‘target’ of a DOJ probe into industry hiring practices
– Raytheon Technologies Corp said it is a target of a U.S. Department of Justice investigation into hiring practices in the aerospace industry, the U.S. aerospace and defense firm said in a…
White House tells chip industry to brace for Russian supply disruptions
By Alexandra Alper and Karen Freifeld WASHINGTON – The White House is warning the chip industry to diversify its supply chain in case Russia retaliates against threatened U.S. export curbs by blocking…
Federal agencies probe migrant exploitation in Alabama chicken industry
By Joshua Schneyer, Mica Rosenberg and Kristina Cooke ENTERPRISE, Alabama – At least three federal agencies last year began investigating working conditions for migrants in this growing southern hub for the U.S.…
U.S. judge rejects Shkreli’s objections to lifetime drug industry ban
By Jonathan Stempel NEW YORK – A U.S. judge on Friday rejected former pharmaceutical executive Martin Shkreli’s objections to being banned for life from the drug industry and having to repay $64.6…
China to strengthen anti-monopoly efforts in pharma industry
BEIJING – China will toughen law enforcement to curb monopoly practices and unfair competition in the pharmaceutical industry as the government seeks to foster a good business environment, the industry ministry said…
Cluck You: Joe Biden pledges a fairer, more competitive poultry industry
In July, President Biden signed an Executive Order on Promoting Competition in the American Economy to create a fairer, more resilient, and more dynamic economy. Over the last few decades, we’ve seen too many…
Gas Prices Set To Surge Again, Industry Analysis Shows
The price of gasoline is set to increase to $4 per gallon or more within five months, according to an industry analysis released Tuesday. The gas price surge is forecasted to take…
Democrats Demand Federal Probe Into Oil, Gas Industry Over ‘Life-Threatening Environmental Justice Issue’
A group of House Democrats from New York called for a federal investigation Tuesday into the role “peaker” power plants have in contributing to air pollution. The three Democrats led by Oversight…
White House Report Flags Hunter Biden’s Industry As Potential Hotbed For ‘Financial Crimes’
The White House flagged the art market as a potential vector for financial corruption in a report Monday, but it made no mention of the ethical concerns raised by watchdogs surrounding Hunter…
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