Despite Trump Waging ‘Economic War’, Catastrophic Debt Default Avoided By Venezuela Oil Giant PDVSA

Avoiding a catastrophic default that could have seen the company lose control of the U.S.-based refiner Citgo, one of its crown jewels, Venezuela’s state-owned oil giant announced on Friday it had made a critical debt payment. Dspite the “economic war” that U.S. President Donald Trump is waging on Venezuela, it honors its debts, said Petreleos de Venezuela…

Cloud computing is the engine behind the phenomenal growth of the big 4 U.S. Tech firms

With an estimated market value of $14.4 billion for 2017’s third quarter, here is how the cloud computing is making a difference and becoming a phenomenon that is driving business growth. With the majority of big U.S. tech companies, including Alphabet’s Google, Amazon, Microsoft and Intel, sinking in big money in the cloud computing business,…

Its Experiment For Its Own Cryptocurrency Is Planned To Be Finished By Singapore Next Year

Singapore’s regulator has said in an interview to a television channel that before deciding on whether to commercialize the trial on blockchain technology and its own digital currency, the country plans to conclude its experiment with both the technological aspects next year. “Project Ubin” – an exploration of blockchain or distributed ledger technology, was announced…