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…
All form of visual information that doctors need to spot any disease or disorder that a patient might have is provided by medical scans. But there are a few problems. The first being that very early signs of certain diseases, like cancer, might not be able to be recognized until its too late by human…
Territory where most bond investors fear to tread are traversed by Chinese President Xi Jinping’s new Silk Road to Europe. The top three international rating firms rate the sovereign debt of 27 are rated as junk, or below investment grade of the 68 nations China lists as partners in its Belt and Road Initiative. Either they are…
A bright note for a local auto industry that is struggling to survive amid Venezuela’s deep economic recession was marked when Toyota Motor Corp on Wednesday unveiled a new model of its Corolla vehicle that will be assembled in the country. Toyota said it expects to raise production in 2018 and the company was currently…
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…
Work is accelerating to deliver the world’s next major mines to feed soaring demand from electric vehicle battery makers, at a small patch of northern Australia’s iron-ore rich outback – the Ground Zero in the global scramble for lithium. According to CRU Group, the top supplier of lithium will be able to cement its grip on the market as…
In a deal that is expected to boost Cisco’s collaboration tools and help the company diversify its offerings away from switching and routing, on Monday, Cisco Systems Inc said that it will buy software company BroadSoft Inc for $1.71 billion. Shareholders of BroadSoft were given a premium of 2 percent to last Friday’s closing share…
Cementing China’s ruling Communist Party President Xi Jinping’s power ahead of a new top leadership line-up and placing him in the same company as the founder of modern China, Mao Zedong, the Communist Party enshrined his political thought into its constitution on Tuesday. Identifying them as one of its guiding principles at the end of its…
Consumer Reports says the automaker may not understand what the magazine does after being bashed by Tesla for predicting the new Model 3 will have average reliability. “Tesla seems to misunderstand or is conflating some of what we fundamentally do — our Annual Reliability Survey report and the related predictions versus our car reviews and tests,”…
In a ballot which could strengthen the anti-migrant Northern League ahead of national elections early next year, voters in two regions of Italy’s wealthy north take part in referendums Sunday to demand more autonomy from the state. They have little in common with the recent Catalan independence vote in Spain which was marked by violent…
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