Author: Admin
GALENA, Alaska — Eric Huntington built his dream cabin nestled in the wilderness of central Alaska, eventually raising two daughters there. But over the years, he learned that living in this quiet, remote village came with a hefty cost.Every year, the Huntington family spent about $7,000 on diesel to heat the cabin during bone-chilling winters, and a few years back, a power outage at the town’s diesel plant left residents freezing in minus 50 F (about minus 45 C). When power finally returned hours later, water pipes had frozen, leaving about two dozen homes without running water for days. “We…
Is the cost of living crisis over?If you’re looking purely at the annual inflation data, the numbers us journalists, not to mention politicians and economists, tend to focus on, the answer might seem like: probably, yes. Sure, the rate is, at 3.4% in May, higher than the Bank of England’s 2% target. But it’s far below the double-digit peaks experienced in 2022. Plus, the Bank itself thinks prices are likely to drop back down towards 2% in the coming year or two, even assuming a few more interest rate cuts. End of story, right?Money blog: Latest inflation data ‘uncomfortable reality…
Intel hired three chip industry executives in engineering and networking roles on Wednesday, as part of CEO Lip-Bu Tan’s plans to overhaul top management and turn around the embattled chipmaker.Tan’s plans include trimming the company’s large workforce, hiring new leadership, focusing on customer satisfaction and ensuring the foundry business succeeds.Tan started to flatten Intel’s leadership team since taking over as top boss in March with many important chip groups reporting directly into him, including sales veteran Greg Ernst, who was appointed chief revenue officer. Ernst previously served as Intel’s head of U.S. sales and marketing operations. In keeping with its…
Initial claims for state unemployment benefits drop 5,000 to a seasonally adjusted 245,000 for the week ended Jun 14Published Wed, Jun 18, 2025 · 08:52 PM[WASHINGTON] The number of Americans filing new applications for unemployment benefits fell last week, but stayed at levels consistent with a further loss of labour market momentum in June. Initial claims for state unemployment benefits dropped 5,000 to a seasonally adjusted 245,000 for the week ended Jun 14, the Labor Department said on Wednesday (Jun 18). Economists polled by Reuters had forecast 245,000 claims for the latest week. The report was released a day early because of…
Ever had a backache and wondered, “Is this something more?” What if that pain in your side, paired with a fever, was pointing to something deeper, something dangerous? Kidney infections aren’t just a bad UTI. They can turn deadly, fast. The question isn’t just can a kidney infection kill you, it’s how fast can a kidney infection kill you if you wait to act. That’s not fear talk. That’s a fact. Some infections advance within hours. Others cause silent damage that builds day after day. So let’s get real. Here’s what doctors want you to watch for, what makes a…
Texas Instruments plans to invest over $60 billion in US to make foundational chips
[JAKARTA] The Indonesian authorities’ seizure of 11.8 trillion rupiah (S$928 million) from agri-giant Wilmar Group is not only the country’s largest asset confiscation, but also unprecedented for the company voluntarily handing the amount over in cash – a move legal experts say enables prosecutors to sidestep the complexities of liquidating seized property.The move throws a spotlight on Jakarta’s stepped-up efforts to root out graft in the palm oil sector, following allegations of misconduct during a severe shortage of cooking oil in late 2021 to early 2022, which exposed governance lapses in one of Indonesia’s most vital industries.Harli Siregar, the spokesperson…
[SINGAPORE] The labour movement has brought on 38 employers in a job-matching exercise for the over 500 workers laid off by Jetstar Asia after the low-cost carrier announced its closure last week, the National Trades Union Congress (NTUC) said on Wednesday (Jun 18).The three-day exercise, which began on Tuesday and ends on Jun 19, was carried out on the airline’s premises.The employers include Singapore Airlines (SIA) group, Airbus Singapore and its subsidiary Satair, Changi Airport Group, dnata, Sats, SIA Engineering Company, Singapore Aircargo Agent Association and members, SMRT and the Civil Aviation Authority of Singapore.NTUC noted that 14 of these…
[SINGAPORE] The Johor-Singapore special economic zone (JSSEZ) is drawing interest from companies not just from Singapore, but also from Europe and North Asia. Chiok Sook Yin, UOB’s head of foreign direct investment (FDI) advisory in the chief executive officer’s office, said on Wednesday (Jun 18) that the bank has noticed a number of European and North Asian companies that are using Singapore as a base to tap into Johor’s potential, thus creating new opportunities for the bank.The bank is also seeing increasing possibilities in the “plus-one” strategy – in that companies are expanding beyond operating in “China plus one” country…
SHANGHAI :Tencent said reports that it is studying deals for Nexon and Kakao’s mobility unit are untrue.The Korea Economic Daily reported on Wednesday that Tencent was interested in buying a 40 per cent stake in Kakao’s mobility unit from financial investors.Bloomberg reported last week that Tencent was studying a deal for $15 billion South Korean game developer Nexon.