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US Advises Banks to Watch for Venezuelan Corruption

The U.S. Treasury is advising banks to be on the lookout for suspicious financial activity involving corrupt Venezuelan officials as the Trump administration tightens its financial noose around President Nicolas Maduro’s embattled socialist government. Wednesday’s advisory by the Financial Crimes Enforcement Network asks banks to keep watch for Venezuelan government …

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Security Firm Links Iranian Hackers to Malware Attacks

A private U.S.-based security firm is linking an Iranian government-sponsored hacking group to cyber-attacks targeted at organizations across the world. The security firm FireEye said Wednesday the Iranian hackers used malware to attack aerospace and petrochemical firms in the United States, Saudi Arabia and South Korea. The hacking group, dubbed …

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Popular US Toy Store Files for Bankruptcy

Toys ‘R’ Us, an iconic United States toy store, has filed for bankruptcy after struggling to compete with online retailers and racking up about $5 billion worth of debt. In a statement Monday, the company said it is voluntarily seeking relief through the U.S. bankruptcy process, but that its international …

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Countries Racing to Develop Warfare Robots

With air drones now being a fixture in nearly every army’s arsenal, defense industries are hard at work developing ground and underwater robotic vehicles, trying not to fall behind others. Most of the technology has already been developed for industrial robots, and the rapidly expanding self-driving vehicle segment of the …

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India PM Modi Inaugurates Controversial Dam Project

Prime Minister Narendra Modi inaugurated India’s biggest dam on Sunday, ignoring warnings from environment groups that hundreds of thousands of people will lose their livelihoods. The controversial Sardar Sarovar Dam on the Narmada river in the country’s western state of Gujarat that will provide power and water to three big …

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Iceland Experiments with Volcanic Energy

Iceland is often called the land of ice and fire. It has plenty of ice and glaciers, but is also a geothermal hotspot of bubbling hot water cauldrons, geysers and volcanos. Harnessing all that energy is something Icelanders have been doing for generations, but they’re about to take that concept …

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