Section: Business Insider (USA)
Russian ruble drops to past 60 per dollar
Moscow (AFP) – The Russian ruble on Tuesday plummeted past 60 against the dollar for the first time since March on falling oil prices, complicating the central bank’s efforts to jump-start the battered economy.The ruble reached 60.30 per dollar in early afternoon trading in Moscow after having lost two percent of its value on Monday....
10 things you need to know before the opening bell (QQQ, DIA, SPY, SPX, HON, TM, PG, BP)
Here is what you need to know. Honeywell is buying Elster Group. The diversified technology and manufacturing company will pay $5.1 billion for Elster Group, a German-based energy and water business owned by the UK’s Melrose Industries. The Wall Street Journal says the takeover includes the assumption of $900 million in pension liabilities....
Los Angeles is the US’s last hope for an Olympics bid
Boston’s bid to host the 2024 Olympics was undercut by its own mayor, its skeptical public and, finally, leaders of the U.S. Olympic Committee, who were tired of the city’s ever-changing blueprint. Next, it might be time to see if there is more Olympic love in Los Angeles. After the USOC and Boston cut ties on Monday, CEO Scott...
Silicon Valley isn’t the only tech scene with a gender diversity problem
Silicon Valley is far from the only tech hub with a gender diversity problem. Take Algeria, for example. Racha Bella, a 28-year-old pharmacist from the capital Algiers, chose to pursue coding after her baccalauréate exam qualified her for entry into the Ecole Nationale Supérieure d’Informatique, a school for computing in Algeria. While...
China’s slowing economy is delaying a major oil deal with Russia
The Russian media is reporting an indefinite delay in the final signing of the contract for Russia’s state-run Gazprom to supply China with gas through a new Siberian pipeline because of a decline in Chinese demand for the fuel. The lower demand stems from an economic slowdown in China, reducing the country’s need for gas, as well as...
The oil price rout is going to inflict real pain on Russia
Russia may have though it was out of the woods this past spring when oil prices started to rise, but the onset of another bear market for oil presents serious economic and financial threats for the country. Russia is facing a mounting fiscal crisis as the combination of low oil prices and western sanctions continue to take their toll. For a...
NATO to hold an incredibly rare emergency meeting
BRUSSELS (AP) — For just the fifth time in its 66-year history, NATO ambassadors will meet in emergency session Tuesday to gauge the threat the Islamic State extremist group poses to Turkey, and the debated actions Turkish authorities are taking in response. The extraordinary meeting at NATO headquarters was requested by Turkey under Article 4 of...
NATO to hold an incredibly rare emergency meeting
BRUSSELS (AP) — For just the fifth time in its 66-year history, NATO ambassadors will meet in emergency session Tuesday to gauge the threat the Islamic State extremist group poses to Turkey, and the debated actions Turkish authorities are taking in response. The extraordinary meeting at NATO headquarters was requested by Turkey under Article 4 of...
Here’s what’s coming to Netflix in August
With summer winding down, spend August at home with the latest additions to Netflix streaming. For starters, dive into the newest Netflix original series “Narcos,” which looks at the reign of infamous drug lord Pablo Escobar. Then you can watch two very different perspectives on combat with “Lord of War” and “The Hurt Locker.” There’s also...
Putin fired more than 100,000 people
Vladimir Putin has fired 110,000 people. The Russian president signed a decree two weeks ago that reduced the number of full-time staff in the interior ministry of Russia by about 10% — or 110,000 people. Most of the cuts will be administrative staff. It will bring the total number of employees in the agency down to just above 1 million,...
