(MENAFN - AFP) Four decades after the Vietnam war ended, US fast-food giant McDonald's opened its first restaurant in the communist country Saturday, aiming to lure a rising middle class away from rice and noodles.
The arrival of one of the most potent symbols of US capitalism in southern Ho Chi Minh City -- known as Saigon when American troops dramatically withdrew in ...
(MENAFN - AFP) Taiwan's smartphone maker HTC said Saturday it has signed a patent and technology collaboration agreement with Finnish phone giant Nokia to end all pending patent litigation between them.
Under the deal, HTC will make payments to Nokia and the collaboration will involve HTC's LTE patent portfolio to further strengthen Nokia's licensing offering, a company ...
(MENAFN - AFP) A group led by China's State Grip Corp. Friday won rights to build power lines to the huge Belo Monte dam in Brazil's Amazon.
The IE Belo Monte group, which also includes two affiliates of state-controlled Eletrobras, offered to limit annual revenue to 434.6 million reais ($182 million), 38 percent below the 701-million-reais ceiling.
(MENAFN - AFP) The US job creation engine sputtered for the second straight month in January, raising fresh questions about the economy's momentum.
The Labor Department reported Friday that the economy pumped out a net 113,000 new jobs in January, far fewer than the 175,000 that economists had forecast and even farther off the monthly average for last year of 194,000.
(MENAFN - AFP) French authorities said Friday they are going after for-profit car-sharing services such as that operated by US firm Uber, warning they risked a 1.5-million-euro ($2 million) fine under a new law being prepared.
"Causing confusion between legal car-sharing" -- in which expenses are divided between a vehicle's occupants -- "and a for-profit transport service ...
(MENAFN - AFP) Toyota is halting production at its only assembly plant in Venezuela because the world's largest automaker lacks the hard currency to import parts due to government controls, a factory official said Friday.
The temporary shutdown of the Japanese car maker's operations in the western city of Cumana is to begin February 13 and last at least six weeks.