Archive for May, 2021

May 10, 2021 While President Joe Biden will likely strike a more diplomatic tone with China than his predecessor, economists and other observers believe the United States’ rocky trade relationship with its biggest economic rival will remain contentious — which will impact Virginia’s economy. Under former President Donald Trump, the U.S. and China were immersed in a grueling trade war marked by sanctions and escalating tariffs and amplified by the COVID-19 pandemic. The trade battles presented significant challenges to the Port of ... Read more

May 20, 2021 Bills for an average residential customer of Appalachian Power Co. will go up by about $11 a month, effective July 1. The State Corporation Commission on Tuesday approved a request by Appalachian to raise the rate it charges to cover transmission costs for the electricity it delivers to about 500,000 customers in Virginia. “We are sensitive to the effects of rate increases, especially in times such as these,” the commission stated in an order that referred to the ongoing COVID-19 public ... Read more