According to one oil analyst, the potential but unlikely winners that could emerge from the U.S. sanctions on Venezuela’s vital oil sector could be the countries of China and India. Following Venezuela’s controversial election for a new Constituent Assembly on Sunday, President Donald Trump along with the Treasury Department of the U.S. has taken “strong and swift…
Hackers have stolen 1.5TB of data, including un-broadcasted episodes of Game of Thrones, from HBO, a unit of Time Warner Inc, leading some to believe that perhaps being fans of the show they couldn’t handle the suspense! In a startling development, U.S Cable giant HBO has disclosed that hackers have been able to steal its…
Chinese miners are pushing for the split. In a significant development, the underlying code for bitcoins is likely to split on Tuesday and create a clone called “Bitcoin Cash”; this is likely to provide windfall gains to the holders of the cryptocurrency. This initiative is being led by a small group of mostly Chinese…
In allegations that widen the scope of the latest scandal to hit the nation’s auto industry, allegations of colluding for nearly two decades to limit the pace of technological advances in their vehicles and stifle competition have bene placed against German’s major automakers in a U.S. lawsuit of acting as a cartel. According to a…
A person’s chances of developing diabetes could be significantly get reduced of that person consumes alcohol three to four times per week, claimed a new study. While issuing warning that clear spirits, such as gin and vodka, could substantially increase a woman’s chances of succumbing to the condition, the researchers in the study have identified…
The wireless carrier is ramping up its fibre optic network ahead of the launch of its fixed 5G wireless technology. As per sources familiar with the matter at hand, Verizon Communications Inc is said to be in talks to acquire WideOpenWest Inc’s fiber optic network in the Chicago area and has offered more than $200…
The SEC’s CIO concurs with the findings of the Government Accountability Office and said, some of the issues have either been resolved or will be in the immediate future. The Government Accountability Office, a congressional watchdog, has stated Wall Street’s top regulator needs to significantly improve the way it protects its own computer networks from…
This is going to be a landmark bill. In a significant development, an influential U.S. House committee has overwhelmingly approved a revised bipartisan bill on a 54-0 vote that will speed the deployment of self-driving autonomous vehicles in the country and bar states from blocking autonomous vehicles. The bill allows automakers to obtain…
Samsung’s chip division could be almost twice the size of Intel’s entire business after it propelled Samsung to record second quarter earnings. Accounting for more than 57 percent of its entire earnings, operating profit of 8.03 trillion Korean won ($7.21 billion) in its semiconductor division in the three months to June was reported by the South Korean electronics…
As per the latest valuation, Slack has been valued at a little over $5 billion. Sources familiar with the matter have disclosed, San Francisco-based Slack Technologies Inc is raising $250 million in a new funding round which will boost its valuation. Silicon Valley startups are enjoying a surge in venture capital investments. Slack Technologies,…
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