Media Focus on Multinational Corporations





Huawei and its partners have made a commitment to explore 5G intelligent agriculture applications in Canada - including at a winery. At a memorandum of understanding signing event hosted by Willow Springs Winery in Stouffville, Ontario, on Wednesday, a number of groundbreaking 'smart agriculture' wireless technologies were demonstrated. (China Daily)

Boeing Company on Wednesday posted a loss of about $3 billion in earnings for the second quarter of 2019 as a result of the global grounding of 737 MAX airplanes. Boeing said its quarterly revenue nosedived by 35 percent to reach $15.8 billion, compared to $24 billion in the same period of last year. (China Daily)

Japanese carmaker Nissan Motor Co Ltd plans to lay off 10,000 employees worldwide to help turn around its business, NHK public broadcaster reported on Wednesday. The cuts, in the coming years, will mostly affect the company's plants outside Japan, while the carmaker is also considering to reduce production lines, according to the media. (China Daily) 

Facebook Inc will pay a record-breaking $5 billion fine to resolve a government probe into its privacy practices and the social media giant will restructure its approach to privacy, the US Federal Trade Commission said on Wednesday. (China Daily)

Apple is paying Intel $1 billion for the chip maker's smartphone modem division in a deal driven by the upcoming transition to the next generation of wireless technology. The agreement announced Thursday comes three months after Apple ended a long-running dispute with one of Intel's rivals, Qualcomm. That ensured Apple would have a pipeline of chips it needs for future iPhones to work on ultrafast wireless networks known as 5G. (National Business Daily)

Ford announced it is creating at least 450 more full-time jobs in Chicago to pump up production of its best-selling Ford Explorer and Lincoln Aviator vehicles. The move will turn current temporary jobs to full-time positions at the assembly and stamping plants. (National Business Daily)


In a bid to compete with Amazon, Google has released its shopping platform in the U.S. The service was first announced in May, but was only tested in a few places including France. Though the tech giant won’t be selling anything directly, it will offer recommendations to users based on their search history and will back certain items with a “Google guarantee” in case users want to return items, their orders are late or they’re having issues with refunds, according to the original announcement. (National Business Daily) has begun a program that could help US small- and medium-sized businesses (SMBs) become big, really big. The world's largest global online business-to-business (B2B) marketplace announced on Tuesday that it is opening up its platform to manufacturers, wholesalers and distributors in the US to help them access a $23.9 trillion global B2B e-commerce market, one that is six times larger than the business-to-consumer (B2C) market. (National Business Daily)


General Motors (GM) has recently sped up its product changeover in China, trying to reverse the sales downturn in the world's largest car market. The leading US automaker and its joint ventures delivered a total of 753,926 vehicles in China in the second quarter of this year, down from 858,344 units in the same period in 2018, recording a 12.2 percent decline. (Global Times)

Beijing Automotive Group Co. Ltd. ('BAIC Group') announced on Tuesday that it has purchased a 5 percent stake in Daimler, the German Mercedes-Benz maker. According to the statement of BAIC Group, the stake contains a 2.48 percent of direct shareholdings and another 2.52 percent that gives it voting rights. (Global Times)

China's State Power Investment Corp has seen its installed capacity of clean energy reach 49.9 percent as of May, from 38.47 percent in 2014, and vowed to further boost the percentage of installed capacity in wind, hydropower, solar and nuclear power in the years to come. (Global Times)

Morgan Stanley reported 2Q profit and revenue that  was down from year ago figures, but still beat Wall Street estimates. Net income of $2.2 billion or $1.23 per share, topped the estimate for $1.14. Revenue of $10.2 billion also topped the estimate for $9.99 billion. (Global Times)