Billings Clinic records highest number of covid-19 related hospitalizations since December
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Widening power shortages in China have halted production at numerous factories including many supplying Apple and Tesla, while some shops in the northeast operated by candlelight and malls shut early as the economic toll of the squeeze mounted. China is in the grip of a power crunch as a shortage of coal supplies, toughening emissions standards and strong demand from manufacturers and industry have pushed coal prices to record highs and triggered widespread curbs on usage. Rationing has been implemented during peak hours in many parts of northeastern China since last week, and residents of cities including Changchun said cuts were occurring sooner and lasting for longer, state media reported.
Automakers are cutting well into muscle at this point…
- Associated Press
Just days after a South Dakota agency moved to deny her daughter's application to become a certified real estate appraiser, Gov. Kristi Noem summoned to her office the state employee who ran the agency, the woman's direct supervisor and the state labor secretary. Noem's daughter attended too. Kassidy Peters, then 26, ultimately obtained the certification in November 2020, four months after the meeting at her mother's office.
China's C919 jetliner - a no-show at the country's biggest air show this week – has found it harder to meet certification and production targets amid tough U.S. export rules, according to three people with knowledge of the programme. The state-owned manufacturer, Commercial Aircraft Corp of China (COMAC), has been unable to get timely help from suppliers and has run out of some spare parts, those people said. U.S.-linked suppliers are gradually receiving the licences, but the hiccup has slowed down Chinese certification, and months-long delays threaten to affect early production, said the people, who declined to be named because of the sensitivity of the matter.
- Business Insider
Tech companies keep asking employees to take pay cuts to work remotely, but workers are rejecting the idea they should be paid differently based on where they live
Tech workers don't buy location-based compensation, and most say they won't take a pay cut. The industry is redefining how they should be paid.
Hurricane Ida also hit oil output, a primary reason Goldman sees the price going to $90. Goldman Sachs has raised its oil price forecast to $90 a barrel as it said Hurricane Ida should prove to be “the most bullish hurricane in U.S. history.” “Global oil demand is back to converging to pre-Covid levels led by mobility in Asia, including China, and with the Delta Covid impact fading,” they said, adding that the global decline in air travel was smaller than first feared.
- WTVD – Raleigh/Durham
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(Bloomberg) -- China may be diving head first into a power supply shock that could hit Asia’s largest economy hard just as the Evergrande crisis sends shockwaves through its financial system. Most Read from BloombergHow Los Angeles Became the City of DingbatsWhy the Gaza Strip May Be the City of the FutureSchool Reopenings Falter as U.S. Kids Near 1 Million Covid CasesThe Rise of the Pandemic DashboardA Jewish Tradition Makes Room for Unconventional DesignThe crackdown on power consumption is be
Most offices have eight-hour workdays—how many of those hours are we really supposed to be working? We asked a productivity expert, a psychologist, a labor journalist, and a boss.
- The Telegraph
Germany went to the polls on Sunday to choose a new leader, bringing a close to the era of Angela Merkel after her 16 years in power. But a major problem awaits the new chancellor of Europe’s largest economy: rising energy costs.
Shortages of electricity in China threaten to slow down economic growth there, while Europe has its own problems. Oil prices are rising.
Investors have been rewarding companies that are doing a particularly good job of pumping out free cash flow and increasing their shareholder returns.
NEW YORK (Reuters) -Wells Fargo & Co will pay $37.3 million to settle U.S. government claims it fraudulently overcharged commercial clients on foreign exchange services, the latest in a string of scandals over the bank's treatment of customers. Monday's settlement resolves U.S. Department of Justice civil fraud charges against the fourth-largest U.S. bank, and includes a $35.3 million fine plus a $2 million forfeiture. The Justice Department said sales specialists jokingly used expressions such as "back the truck up" and "when in doubt, spread them out" when they were overcharging customers, with one referring to the sales group as a "bucket shop."
As China tries to reshape its economy, many U.S. companies, including those in materials and technology sectors, may feel some pain.
Soaring energy prices and cheap valuations make this group attractive.
(Bloomberg) -- A $1 billion project to haul natural gas from Pennsylvania to New Jersey has become the latest casualty of opposition to pipelines across the U.S. Most Read from BloombergHow Los Angeles Became the City of DingbatsWhy the Gaza Strip May Be the City of the FutureThe Country That Makes Breakfast for the World Is Plagued by Fire, Frost and DroughtSchool Reopenings Falter as U.S. Kids Near 1 Million Covid CasesThe Rise of the Pandemic DashboardPennEast Pipeline Co., a joint venture of
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What if coronavirus could be prevented with a pill? Pfizer said on Monday it has started testing an oral antiviral drug for people exposed to COVID-19. In a mid-to-late stage study, Pfizer will test a pill in up to 2,660 healthy adults aged 18 or older. Participants in the trial must live in the same household as a person with a confirmed case of coronavirus. The antiviral pill is designed to block the activity of a key enzyme needed for the coronavirus to multiply. Pfizer and its rivals, including U.S.-based Merck & Co Inc., have been racing to develop an easy-to-administer pill for COVID-19. To date, Gilead Sciences’ intravenous drug remdesivir is the only approved antiviral treatment for COVID-19 in the U.S. While effective, it is time-consuming, costly and requires medical assistance to administer the treatment.
Two major Taiwanese chipmakers, however, said their China facilities are operating as normal. The development comes as tight coal supplies in China and toughening emissions standards have triggered a contraction in heavy industry in several regions, dragging on the country's economic growth rate, analysts have said. Apple supplier Unimicron Technology Corp late on Sunday said three of its China subsidiaries stopped production from midday on Sept. 26 until midnight on Sept. 30 to "comply with the local governments' electricity limiting policy".
MILAN (Reuters) -Italian luxury car maker Ferrari and its parent company Exor, the holding vehicle of the Agnelli family, are joining forces with with Jony Ive, the creative mind behind many of Apple's iconic products, and fellow designer Marc Newson. The duo - who together developed Apple Watch - belong to the LoveFrom creative collective of designers, architects writers, engineers and artists based in London and California.
Profit growth at China's industrial firms slowed for a sixth month as plants fought off high commodity prices, COVID-19 outbreaks and part shortages, with an unfolding power crisis a growing threat to output and bottom-lines. Profits rose 10.1% on year in August to 680.3 billion yuan ($105 billion) compared with a 16.4% gain in July, data from China's statistics bureau showed on Tuesday. The world's second-biggest economy rapidly recovered from a pandemic-induced slump last year, but momentum has weakened in recent months, with its vast manufacturing sector facing heightened costs and production bottlenecks, and more recently, electricity rationing.