Oil firm cuts thousands of jobs

Oil firm cuts thousands of jobs

Schlumberger axed another 10,000 jobs and reported a net loss of $1 billion during the final three months of 2015, the world’s largest oil field services company reported. According to Fuel Fix “since peaking at a global workforce of 130,000 in 2014, Schlumberger has cut more than 25 percent of its employees, or 34,000 jobs.” […]

Czech President says refugee flood an ‘organized invasion’

Czech President says refugee flood an ‘organized invasion’

The Czech President Miloš Zeman has called the current wave of refugees to Europe “an organized invasion”, saying that young men from Syria and Iraq should instead “take up arms” against Daesh. “I am profoundly convinced that we are facing an organized invasion and not a spontaneous movement of refugees,” said Zeman in his Christmas […]

Airline no longer accepts Argentine pesos

Airline no longer accepts Argentine pesos

American Airlines no longer accepts Argentine pesos to pay for ticket purchases, the airline’s sales agents said. According to Argentine local media, the new policy was due to currency controls that make it hard to convert receipts into US dollars. “That’s the policy at this moment. It started two days ago,” said an American Airlines […]

Unemployment rate drops from 26.4% to 25% in second quarter

A group of men sit along a road looking for work. (SUNDAY TIMES)

Unemployment rate drops from 26.4% to 25% in second quarter

Unemployment in South Africa surprisingly fell to 25% in the second quarter of this year from 26.4% in the first quarter as the economy created jobs even though economic growth is weak while business confidence is low, Statistics SA figures showed. According to BusinessDay “Stats SA reported that 198,000 jobs were created in the second […]

Re-registration Deadline for Somalia TPS is July 31, 2015

Re-registration Deadline for Somalia TPS is July 31, 2015

U.S. Citizenship and Immigration Services has set Friday, July 31, 2015, as the deadline for current Somalia Temporary Protected Status (TPS) beneficiaries to re-register for the 18-month extension of TPS that runs from September 18, 2015, through March 17, 2017. The USCIS said in a statement that “the law requires USCIS to withdraw TPS for […]

Liberia celebrates 168years of Independence

Liberia celebrates 168years of Independence

As Liberia celebrates 168years of Independence as a nation, President Ellen Johnson Sirleaf has called on the citizens to strengthen their resolve to foster unity, reconciliation and peace. In a proclamation declaring Sunday, July 26, 2015 as Independence Day to be celebrated throughout the Republic as a National Holiday President Sirleaf said that “Liberians must […]

Infrastructure projects will lift China’s economy higher in 2nd half

Infrastructure projects will lift China’s economy higher in 2nd half

By Asia Unhedged With China’s housing market making a recovery and June’s economic numbers surprising to the upside, buy-side investors in Hong Kong are feeling more confident that the economy has bottomed out. For the second half of the year, Asia Unhedged expects to see acceleration in government-led infrastructure projects, especially the One Belt One […]

Paris police to lose free travel

Paris police to lose free travel

Police officers in Paris, France are angry after learning that they will lose their free travel pass – a move which they say will make public transport a less safe place, according to The Connexion. Nearly 30,000 police in the capital and the surrounding suburbs have benefited from free travel since 1949 and the €23million-a-year […]

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