Russia’s Rosneft OJSC is suffering more due to the below $30 crude oil prices than its privately owned counterpart Lukoil PJSC, which seems to be showing more resilience.
Sectors
Twitter-Periscope Integration: Periscope broadcast videos now autoplays in Twitter
Periscope's broadcast videos can now be played directly in Twitter's app. But the change is yet to be made in Twitter's Moments.
Slate Group Proposes For ‘Free Harvard, Fair Harvard’, Appears to Be An Electoral Propaganda
A slate group, upholds ‘Free Harvard, Fair Harvard’ slogan to get elected for the Board of Overseers. Harvard’s total assets have reached to $37.6 billion and the group proposes to maintain the tuition fees from the income generated from its own assets. Ahead of soaring tuition costs, the slate group’s campaign has been analyzed as an electoral propaganda.
Netflix Will Spend $6 Billion For Content in 2016
The video streaming company, Netflix prepares a huge amount of dollar for its content: $6 billion. The amount will be spent on 600 hours of original program. Netflix currently launches an aggressive global expansion which bothers many local content providers.
Airbus partners with Uber to provide users with helicopters
Airbus partnered with Uber to provide on-demand helicopter rides to people using its H125 and H130 choppers.
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Honda recalls 22,142 Shadow motorcycles modelled from 2010 to 2015 due to unsafe position of bank angle sensor and joint connector wires.
Michigan county officials declared a state of emergency due to the increasing cases of Legionnaires' disease over the past year amidst the growing concern over the area’s water supply.
The government of Greece has been faced with a controversy whether to approve bailout reforms required by international creditors. Bank of Greece have shown support that encourages the government to conform with the required reforms, including the tough pension system reform.
Women who frequently consume potatoes are more likely to develop the risk of diabetes when they become pregnant, US researchers warns.
Brent oil prices fell on Wednesday, dropping below $30 a barrel to touch $29.96 for the first time since April 2, 2004.
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
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 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.
Majority of e-Commerce startups are running below expectations. Some of them sold for a fraction of their previous valuations. Groupon, One Kings Line and Wish.com were few examples that give insight of what's happening.
