Category: tocukqpepxob

Baker Hughes posts big second-quarter loss, prepares for more volatility

first_imgBaker Hughes chief executive issues warning on future outlook after second-quarter lossGlobal oil demand was down by roughly a third at the start of the second quarter as lockdowns were enforced around the world, prompting co-ordinated global efforts to cut production and ease a huge market surplus that had sent commodity prices into rapid decline.“[The period] was challenging in several areas,” said Simonelli. “Although the majority of lockdowns have been easing globally, and economic activity likely troughed during the second quarter, visibility on the economic outlook remains extremely limited.“The risk of a second wave of virus cases, the reinstitution of select lockdowns, and the risk of lingering high unemployment creates an uncertain economic environment that likely persists through the rest of 2020.“Given these factors, we are preparing for potential future volatility, while also focusing on structurally reducing our cost base and implementing a number of strategic initiatives across all of our product companies.” Coronavirus has put huge pressure on oilfield services firms as producers scale back activity, leading Baker Hughes to a $201m loss in the second quarter of 2020 Oil producers have scaled back their operations amid coronavirus market shocks US oilfield services giant Baker Hughes posted a $201m loss in the second quarter of 2020, as it grapples with the fallout of a market crisis that has forced oil and gas firms to scale back their production.The figure compares to a loss of $9m in the same period of 2019, while revenues generated by the Texas-based firm over the three months fell by 21% year-on-year to $4.7bn.Baker Hughes chairman and CEO Lorenzo Simonelli confirmed plans to cut $700m in costs by the end of 2020, with the global pandemic continuing to cast a shadow over the shape of the oil industry’s recovery from an unprecedented start to the year.center_img Oilfield services sector hit hard by market crisisIn the US, the world’s biggest oil producer, the depressed market environment has prompted many companies to cut their output and even shut in production at a number of wells.Rig count data collected by Baker Hughes, a key indicator of activity within the sector, shows that in the week ending 17 July the number of active drilling rigs in the US was down 73% year-on-year to 253.Last month, research group Rystad Energy estimated global demand for oilfield services will fall by 25% this year as a result of the downturn, as oil and gas producers continue to exercise caution over their spending plans.The organisation also puts the number of job losses across the US oil and gas industry at more than 100,000, the vast majority of which have occurred among labourers servicing the infrastructure that extracts, transports and processes the fuel resources.Earlier this week, Halliburton, a major rival to Baker Hughes in the oilfield services sector, reported a net loss of $1.7bn during the second quarter, driven by a $2.1bn impairment charge mainly associated with pressure pumping equipment and real estate, as well as inventory write-offs and severances.last_img read more

News story: Foreign Secretary statement on an incident involving British nationals in DRC

first_imgForeign Secretary, Boris Johnson, said: Follow the Foreign Secretary on Twitter @BorisJohnson and Facebook Follow the Foreign Office on Twitter @foreignoffice and Facebook For journalists Media enquiries Further information Follow the Foreign Office on Instagram, YouTube and LinkedIn I am delighted to announce that two British nationals who were held hostage in the Democratic Republic of Congo have been released. I pay tribute to the DRC authorities and the Congolese Institute for Nature Conservation for their tireless help during this terrible case. My thoughts are now with the family of Virunga Park ranger Rachel Makissa Baraka who was killed during the kidnapping, and with the injured driver and the released British nationals as they recover from this traumatic incident. Email [email protected]last_img read more

New report claims fatty foods are healthy

first_imgNew advice that eating more fat could be the answer to the nation’s obesity crisis has caused a furious backlash from senior UK nutritionists.The report by the National Obesity Forum and the Public Health Collaboration said the focus on low-fat diets was failing to address the UK’s obesity crisis. It said that people should be eating “whole foods”, such as meat, fish and dairy, and refuted the suggestion that saturated fat was harmful.It advocated that people should adopt a fat-rich diet that was low in carbohydrates and, ideally, devoid of sugar. It added that processed foods, labelled low fat, lite, low cholesterol or proven to lower cholesterol, should be avoided and said that counting calories was a waste of time, as the idea that exercise could help you “outrun a bad diet” was a myth.The report argued that consumer advice on food had been corrupted by commercial interest, driving people away from “highly nourishing, wholesome and health-promoting foods”. Similar to when the tobacco industry tried to suppress the link between smoking and lung cancer, the report said the influence of the food industry on advice represented a “significant threat to public health”.Dr Aseem Malhotra, a senior adviser to the National Obesity Forum, said: “The change in dietary advice to promote low-fat foods is perhaps the biggest mistake in modern medical history.“We must urgently change the message to the public, to reverse obesity and type 2 diabetes. Eat fat to get slim, don’t fear fat, fat is your friend.”However, senior food experts have hit back, questioning the report’s methodology and refuting claims of bias.Dr Alison Tedstone, Public Health England’s chief nutritionist, criticised the methodology of the report, saying the official UK guidance on fat was the product of thousands of studies while the report made use of just 43 studies.She said: “In the face of all the evidence, calling for people to eat more fat, cut out carbs and ignore calories is irresponsible.“It’s a risk to the nation’s health when potentially influential voices suggest people should eat a high-fat diet, especially saturated fat. Too much saturated fat in the diet increases the risk of raised cholesterol, a route to heart disease and possible death.”Professor Simon Capewell, from the Faculty of Public Health, also came out in defence of Public Health England’s current advice, with the Eatwell Plate recommending a diet mostly comprised of starchy foods, fruit and vegetables.He said: “We fully support Public Health England’s new guidance on a healthy diet. Their advice reflects evidence-based science that we can all trust. It was not influenced by industry.“By contrast, the report from the National Obesity Forum is not peer-reviewed. Furthermore, it does not it indicate who wrote it or how it was funded. That is worrying.”last_img read more

Firms ordered to pay out £20,000 for using bread baskets

first_imgTwo Yorkshire poultry companies have been ordered to pay almost £20k in costs and damages to London-based Bakers Basco.Chicken processors Al-Ummah Halal Poultry Ltd of Barnsley, and Ijaz Halal Poultry Ltd of Bradford, have been ordered to collectively pay nearly £20,000 in damages and costs to bakery equipment company Bakers Basco for using its bread baskets and other equipment to transport their products without permission.Al-Ummah was ordered to pay £15,716 in damages and costs and Ijaz ordered to pay £3,500 in damages. They were also made jointly liable to pay the awarded legal costs if Al-Ummah did not do so.Both businesses were made subject of indefinite restraining injunctions to prevent them from using the equipment in the future.District Judge Branchflower also ordered that Bakers Basco be given the ongoing right to inspect both companies’ premises without advance warning to check for future equipment misuse.Court proceedings had previously been issued against Al-Ummah by Bakers Basco over similar offences, resulting in the firm being subject to an earlier injunction that had subsequently expired. Historically it had made payments totalling £31,806.53 in damages and costs, which means the company will have paid Bakers Basco more than £50,000“Our baskets and dollies are designed for one sole purpose and that is to transport bread safely, cost-effectively and in an environmentally-friendly way,” said Steve Millward, general manager at Bakers Basco.“When people divert them for their own use, it not only has a knock-on effect on the bakers who pay to license them, but also on retailers and, at the end of the day, Joe Public, all of whom end up footing the bill for the actions of a small minority.”last_img read more

Otter Creek Awnings buys of Closet Crafters Inc

first_imgTodd Warren, the Owner and President of Otter Creek Awnings, Sunrooms & Custom Closets, Inc. announced the purchase of Closet Crafters Inc.  ‘We are excited and very proud to announce the addition of Closet Crafters to our growing closet division.  This acquisition will provide our customers with an expanded product line and continued expertise in personalized closet design and professional installation,’ said Warren.  Key to the acquisition was the addition of Stu MacDonald, former owner of Closet Crafters, to the Otter Creek management team.  Stu will join Otter Creek as a senior manager responsible for the organization and continued growth of Otter Creek’s Closet Division.  ‘I am excited to be joining forces with Otter Creek.  They have proven themselves as an industry leader and our clients can be assured that they will continue to receive the same high quality products and service that they have come to expect from Closet Crafters over the past 27 years.’ said MacDonald. Effective on October 1, 2011 Closet Crafters will move its showroom to Otter Creek’s showroom location on South Brownell Road in Williston, Vermont.   ABOUT OTTER CREEKFounded in 1976, Otter Creek Awnings has grown from a small company making canvas bags and simple awnings to an industry leader in the marketing and sales of sophisticated awning systems for home and business owners.  Otter Creek has been nationally recognized for its innovative awning design work and serves all of Vermont, Upstate New York and New Hampshire.Over the past 18 years Otter Creek has also grown into one of New England’s largest builders of year-round sunrooms and 3-season patio rooms.  Most recently, Otter Creek  added customized closet systems to their product mix. Applying commitment to the highest quality products, professional installation and impeccable service has made this business a tremendous success. Full-size sunrooms, custom closet displays, and various types of awnings are on display at their beautiful showroom in Williston.  For more information, visit Otter Creek  online at www.ottercreekawnings.com(link is external)Otter Creek Awnings, Sunrooms & Custom Closets Inc. is owned by Todd and Elizabeth Warren of Essex, Vermont WILLISTON, VERMONT September, 2011 ‘last_img read more

To succeed, be a Giver in the workplace, not a Taker

first_imgIt may seem smart to focus on yourself at work to get a raise or a promotion or just plain recognition, but one of your best chances at getting ahead could be by helping the people around you to succeed instead.There is a great book that describes how taking a more selfless approach can end up benefiting the “giver” many times over.  In Give and Take: A Revolutionary Approach to Success, Adam Grant describes three personality types:• Givers: Give without expecting anything in return.• Matchers: Give but expect something in return.• Takers:  Do exactly what their name suggests.Guess who are the good guys?  The Givers.  Guess who are the success stories?  Yup, the Givers!   And the Takers are not just the bad guys, but as the book explains, in this hyper-connected world they end up losing as they will be revealed for what they are, “users.” continue reading » 34SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblrlast_img read more

How age impacts consumer behavior in retail banking

first_img 6SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr To explore trends affecting the retail banking experience, PeopleMetrics compiled customer feedback from both banks and credit unions, then examined how consumer behaviors and preferences change based on a customer’s age. Here are a few highlights from this analysis, and some ideas on how to put these insights to work at your financial institution.The Financial Services Consumers Need Evolve With AgeMoney is very personal. And how someone relates to it shifts dramatically over their lifetime, right along with their health and family responsibilities. So it’s no surprise that age has a meaningful impact on consumer behaviors when it comes to retail banking products and services. The chart below is a fantastic reflection of just how much a person’s financial priorities change with time. continue reading »last_img read more

Wolf Administration Provides Recommendation for School and Recreational Youth Sports

first_img August 06, 2020 Education,  Press Release,  Public Safety The Pennsylvania Department of Health and Department of Education today jointly recommended that Pre-K–12 school and recreational youth sports be postponed until at least Jan. 1, 2021, to protect children and teens from COVID-19.The administration is providing this strong recommendation and not an order or mandate. As with deciding whether students should return to in-person classes, remote learning or a blend of the two this fall, school administrators and locally elected school boards should make decisions on sports.Highlights of the recommendation to pause youth sports until Jan. 1, 2021:Applies to team and individual, school and non-school recreational youth sports;Includes competitions, intramural play and scrimmages;Continue conditioning, drills and other training activities on an individual basis;Does not apply to collegiate and professional sports;Gathering limits remain unchanged – no more than 25 persons may gather indoors and 250 outdoors.The administration is updating existing sports guidance to reflect this recommendation.The administration recognizes the importance of getting children back to school, while also protecting the safety and well-being of students and educators. Guidance for schools is available. The guidance represents endorsed best public health practices related to social distancing, face coverings, hand hygiene, and cleaning and disinfecting in school settings. It also outlines how to accommodate individuals with disabilities or chronic conditions, procedures for monitoring symptoms, and responding to confirmed or probable cases of COVID-19 in the school community.Ver esta página en español. Wolf Administration Provides Recommendation for School and Recreational Youth Sportscenter_img SHARE Email Facebook Twitterlast_img read more