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Olympic Records Won't Come Easy in Rio Because of Climate Change

2016-08-08 04:42:00| Climate Ark Climate Change & Global Warming Newsfeed

Bloomberg: Athletes at the Olympic Games may struggle to break world records as they compete with Brazils rising temperatures caused by climate change. Marathon runners, swimmers, volleyball players and even soccer referees will succumb to extreme heat and lose concentration during the games, in some cases risking their lives to heatstroke, according to a report released Monday by Observatorio do Clima, a Brazilian civil society group. Because of warming, sport will never be the same again, the report...

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Do oil companies really need $4 billion per year of taxpayers' money?

2016-08-07 16:00:00| Climate Ark Climate Change & Global Warming Newsfeed

New York Times: What would happen if the federal government ended its subsidies to companies that drill for oil and gas? The American oil and gas industry has argued that such a move would leave the United States more dependent on foreign energy. Many environmental activists counter that ending subsidies could move the United States toward a future free of fossil fuels helping it curtail its emissions of heat-trapping carbon dioxide into the atmosphere. Chances are, it wouldnt do much of either. In...

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TGS and Schlumberger commence acquisition surveys in US Gulf of Mexico

2016-08-05 01:00:00| Offshore Technology

Norways TGS and US company Schlumberger have commenced the Dual Coil Shooting multivessel full-azimuth acquisition surveys in the Gulf of Mexico.

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Mark Carney: 'Economy in a period of uncertainty'

2016-08-04 18:53:45| BBC News | Business | UK Edition

Bank of England governor Mark Carney tells Kamal Ahmed he was "compelled to act" on interest rates.

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Vimpelcom sees service revenue slow in Q2 to fall of 1%

2016-08-04 08:50:00| Telecompaper Headlines

(Telecompaper) Vimpelcom said it expects to achieve only the lower end of its full-year targets, after a slowdown in service revenues in Q2. Its total revenue fell 16 percent year-on-year to USD 2.156 billion in the three months to June, and service revenue dropped 17 percent to USD 2.089 billion. In addition to negative currency effects, the company saw an organic revenue decline of 2 percent in its home market Russia and organic sales fell 15 percent in Algeria. Group EBITDA fell 26 percent to USD 795 million, hurt by the weaker sales and USD 116 million in restructuring costs, and the margin dropped to 36.9 percent from 41.6 a year ago. On an organic basis, service revenue fell 0.7 percent, as 26 percent growth in mobile data was offset by lower voice revenue.

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