30 Oct 2018

Venezuela, China Work to Boost Petro Cryptocurrency

China sent a delegation of economic and financial advisors to study and analyze the Venezuelan Petro cryptocurrency for its potential usage in international exchange. On the Venezuelan side, the Petro has become one of the few sources of hope for the government and the economy that has largely been destroyed

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26 Oct 2018

Venezuela Is Said to Move Cash Through an Obscure Russian Bank

“An obscure Moscow-based state-run bank has emerged as a key player in Venezuelan President Nicolas Maduro’s efforts to work around U.S. sanctions that are cutting his country off from the global economy. Evrofinance Mosnarbank, which is jointly owned by Russia and Venezuela but not subject to sanctions itself, has been

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26 Oct 2018

Most enterprise vulnerabilities remain unpatched a month after discovery

“The majority of vulnerabilities remain unpatched by the enterprise a month after discovery, researchers have found. According to CA Veracode’s latest State of Software Security (SOSS) report, up to 70 percent of bugs remain unpatched four weeks after disclosure, and close to 55 percent are not resolved three months after

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26 Oct 2018

Abandoned Websites Haunt Fortune 500 Corporations

“Websites that never go away continue to bring security threats to their owners, says a new report. Old Web applications don’t go away — they linger and spread security vulnerabilities around their organizations. These ‘ghost sites’ are critical assets for criminals and weaknesses for enterprises, according to a new report

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26 Oct 2018

Africa’s new debt crisis: levels surpass 2001 peak

Debt levels in Africa are at their highest since 2001, with 18 countries either undergoing or at immediate risk of an acute debt crisis, according to the World Bank. Declines and fluctuations in commodity prices have impacted many countries, but two of the most significant factors in the issue are

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26 Oct 2018

Trade with Belt and Road countries exceeds US$860 billion

China’s imports and exports in BRI countries has surpassed $860 billion USD in the first three quarters, up 13.2% from the previous year. Exports to these countries is up 7.7% compared to the previous year, while imports are up 20.9%. Non-financial direct investment in these three quarters stands at nearly

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26 Oct 2018

What Happens to Your Cryptocurrency After You Die?

“Passing your digital holdings on to loved ones after your death isn’t as simple as bequeathing cash or other property, though, particularly since wills aren’t designed for confidential information. Because a private key is all that’s necessary to transfer funds from a wallet, including it in your will might be a terrible idea. ‘I

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25 Oct 2018

Italy plans to slash half a billion dollars from defense in 2019

“Italy will cut €450 million (U.S. $512.3 million) from its planned defense spending in 2019 by suspending helicopter and missile purchases and canceling an office move by the defense ministry to help shore up social welfare and tax cuts…Italy’s total outlay on defense in 2019 will be announced in parliament

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24 Oct 2018

Lockheed’s $15 Billion Saudi Deal at Risk After Khashoggi Death

“Lockheed Martin Corp.’s potential $15 billion sale to Saudi Arabia of its Thaad air-defense system may be the unfinished deal most vulnerable to growing congressional demands to stop providing arms to the desert kingdom after the killing of critic Jamal Khashoggi. It also underscores that the $110 billion package of

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24 Oct 2018

The military could see big spending changes if Democrats win control of Congress

“In July, as lawmakers were putting the final touches on a $716 billion defense authorization bill for fiscal 2019, members of the Congressional Progressive Caucus unveiled their own plans to severely slash Pentagon spending. The plan called for reductions in the base Pentagon budget, eliminating overseas contingency spending and ‘achieving

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