E-commerce firm JD.com Inc is planning to spin off its property and industrial units and list them on the Hong Kong stock exchange in deals worth $1 billion each, two people with direct knowledge said on Friday. The plan marks the latest revamp in the Chinese technology sector after a …
Read More »Apple wins US appeal over patents in $502M VirnetX verdict
Apple Inc persuaded a U.S. appeals court on Thursday to uphold a patent tribunal’s ruling that could imperil a $502 million verdict for patent licensing company VirnetX Inc in the companies’ long-running fight over privacy-software technology. The U.S. Court of Appeals for the Federal Circuit affirmed a decision from the …
Read More »7 injured as tree falls in HCMC public school
A 30-meter tamarind tree with rotting roots at the Tran Van On Secondary School in HCMC’s District 1 toppled Monday morning, but luckily no one was killed. The tree with a trunk of more than one meter did fall on some people standing in the schoolyard and others dropping off …
Read More »Mekong Delta to increase forest cover
The Mekong Delta region is growing more forests to protect the environment from climate change and mitigate the impacts of natural disasters. Nguyen Van Ut, chairman of the Long An People’s Committee, said his province plans to grow 650 hectares of new forests this year, including 150 ha of special …
Read More »McDonald’s temporarily shuts US offices, prepares layoff notices
Burger chain McDonald’s Corp is temporarily closing its U.S. offices this week as it prepares to inform corporate employees about its layoffs as part of a broader company restructuring, the Wall Street Journal reported on Sunday. In an internal email last week to U.S. employees and some international staff, McDonald’s …
Read More »Japan factory activity shrinks at slowest pace in five months
Japan’s factory activity shrank at the softest pace in five months in March due to an expansion of inventories, but still-weak global and domestic demand conditions meant the post-COVID economic recovery will take a while to solidify. The final au Jibun Bank Japan Manufacturing Purchasing Managers’ Index released on Monday …
Read More »Government wants heliports built near Sa Pa
A government plan for the development of Lao Cai Province envisages building heliports in several areas for both tourism and rescue purposes. The plan released on March 29 tasks the northern province with studying the feasibility of building them in Bac Ha, Bat Xa, Sa Pa and Lao Cai towns. …
Read More »Two killed as cylinder explodes while being cut
Two men died and four others including three children were injured when a gas cylinder exploded while being cut in their garage in Nghe An Province Sunday. At around 4 p.m. Nguyen Duy Ky, 38, a scrap vendor in the central province’s Quynh Luu District, brought the cylinder to the …
Read More »OPEC+ announces surprise oil output cuts
Saudi Arabia and other OPEC+ oil producers on Sunday announced further oil output cuts of around 1.16 million barrels per day, in a surprise move that analysts said would cause an immediate rise in prices and the United States called inadvisable. The pledges bring the total volume of cuts by …
Read More »Vietnam’s largest airport project enlists firefighter trucks to reduce dust
Firefighter trucks will be dispatched to spray water on the ground to minimize the amount of dust produced at the Long Thanh Airport construction site in southern Dong Nai Province. Do Tat Binh, deputy director of Airports Corporation of Vietnam (ACV), on Friday said certain firefighter trucks would be dispatched …
Read More »