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Global Stock and Wall Street Plunged Following Oil Price
Oil price fell below $30 a barrel on international market for the first time since 2004. The $30 mark is both a psychological and financial threshold. Brent crude, used as an international benchmark, fell as low as $29.96, but bounced back to trade at $30.22
Russia Created Vaccine For Ebola Virus Treatment: Vladimir Putin, Drawing Cynicism From Experts
The president of Russia, Vladimir Putin, announced that his country had found two vaccines to cure Ebola. However, the announcement has drawn some skepticism among experts who have previously developed other vaccines for Ebola.
North Dakota oil riggers lower drilling activity as oil further slid
The lower oil prices are forcing rig operators to reduce their activity in North Dakota. The number oil rigs operational fell to 49 indicating the lowest since August 2009. The number of oil rigs is expected to further drop to 30 this year. There're concerns over possible bankruptcies following the decline in oil drilling North Dakota.
Airbus Ventures' 1st investment takes off
Airbus Group's corporate venture capital fund Airbus Ventures has announced its first investment that was extended to a Phoenix-based Local Motors Inc. Airbus Ventures is keen on startups in the aviation industry that support Airbus business strategy. Local Motors Inc develops open source designs for building cars, helicopters and airplanes.