Schlumberger fires another 10,000 workers to cope with a crude oil market collapse that’s forced its customers to slash spending for two consecutive years.
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The oil slump is draining billions of dollars from the banking system, stock markets are volatile, investment is slowing and global banks are firing workers to boost returns.
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As its fortunes collapse due to falling oil prices, Royal Dutch Shell PLC (NYSE: RDS-B) will fire 10,000 people in an effort to bolster margins.
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Chevron is accepting online applications for the position of Trading Analyst located in London, United Kingdom through 27th January 2016 at 11:59 p.m. Please see the job details here.
Martin Luther King, Jr. (January 15, 1929 – April 4, 1968) was an American Baptist minister, activist, humanitarian, and leader in the African-American Civil Rights Movement. He is best known for his role in the advancement of civil rights using nonviolent civil disobedience based on his Christian beliefs.
On October 14, 1964, King received the Nobel Peace Prize for combating racial inequality through nonviolence. In 1968, Dr. King was assassinated on April 4 in Memphis, Tennessee. His death was followed by riots in many U.S. cities.
King was posthumously awarded the Presidential Medal of Freedom and the Congressional Gold Medal. Martin Luther King, Jr. Day was established as a holiday in numerous cities and states beginning in 1971, and as a U.S. federal holiday in 1986. Hundreds of streets in the U.S. have been renamed in his honor, and a county in Washington State was also renamed for him. The Martin Luther King, Jr. Memorial on the National Mall in Washington, D.C., was dedicated in 2011.
Please learn more about Dr. King here.
New Orleans, where we put the "fun" in funeral! LOL! Please see more on the David Bowie Memorial Second Line here.
Russia has taken a significant step which will undermine the current Wall Street oil price monopoly: Russia's own crude oil benchmark futures contract will price oil in rubles and no longer in US dollars, American-German researcher, historian and strategic risk consultant F. William Engdahl remarks.
"The move is part of a longer-term strategy of decoupling Russia's economy and especially its very significant export of oil, from the US dollar, today the Achilles Heel of the Russian economy… It is part of a de-dollarization move that Russia, China and a growing number of other countries have quietly begun," the American researcher writes in his recent article for New Eastern Outlook.
Please see more here and here.