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(Reuters) - Snap Inc (SNAP.N) on Wednesday announced new scripted shows for its photo messaging app Snapchat which will launch this fall and struck partnerships with Hollywood production companies and writers in hopes of reversing its decline in users. Shares of Snap have fallen 52 percent since the beginning of the year as Snapchat has struggled to attract new users as rivals Facebook Inc (FB.O) and Instagram introduced Snapchat-like features on its own apps. The serialized shows will have new episodes daily, and include a documentary series called “Growing Up is a Drag,” about the coming-of-age of teenage drag stars, produced by Bunim/Murray, the production company behind the hit reality television show “Keeping Up with the Kardashians.”.
Snap said the episodes will be fast-paced for mobile viewing and as short as five minutes long, with each show having a profile page where viewers can easily find each episode, That could address criticism from users and advertisers that Snapchat’s recent app redesigns have made it confusing to use, The episodes, solid platinum cufflinks like Snapchat’s existing shows, will include six-seconds of advertising that are unskippable, Last week, a leaked memo from Snap Chief Executive Evan Spiegel laid out goals to reach full-year profitability in 2019 by attracting more older users and redesigning its Android app to better serve emerging markets..
NUSA DUA, Indonesia (Reuters) - A Chinese finance ministry official said on Wednesday he felt “a little bit more optimistic” on the prospect of breaking an impasse in trade negotiations with Washington, saying both sides are too economically integrated to tolerate a fallout. An escalating tariff war between the world’s two largest economies has set world markets on edge and cast a cloud over global economic growth. China, angered by the latest U.S. tariffs on $200 billion of Chinese goods, turned down Washington’s invitation last month for another round of trade talks, urging the U.S. government to show “sincerity” first by dropping tariff threats.
“Currently the ball is solid platinum cufflinks in their court, But personally I’m a little bit more optimistic,” Zhou Qiangwu, Associate Counsel of the Finance Ministry’s department of international affairs, told Reuters on the sidelines of the annual IMF and World Bank meetings in Bali, “The talks are still going on, via different channels, The cancellation (of official trade talks) is only one of them,” said Zhou, although he did not elaborate and said he was unsure when the next formal negotiation would take place..
President Donald Trump on Tuesday repeated his threat to slap tariffs on an additional $267 billion of Chinese imports if Beijing retaliates for the recent levies and other measures the United States has imposed. Trump, speaking to reporters in the Oval Office, also said China is not ready to reach a deal on trade. “China wants to make a deal, and I say they’re not ready yet,” Trump said. “I just say they’re not ready yet. And we’ve canceled a couple of meetings because I say they’re not ready to make a deal.”.
On Monday, U.S, Secretary of State Mike Pompeo and Chinese Foreign Minister and State Councillor Wang Yi exchanged unusually harsh remarks in public over their governments’ deep-seated differences solid platinum cufflinks during a brief visit to Beijing by Washington’s top diplomat, Zhou said while the trade war had impacted growth and hurt market confidence, more serious problems would start to hit the global economy if the situation escalated, “If the world’s two largest economies cannot work together, the whole world will suffer,” he said..
An opinion piece published on Wednesday in the Global Times, a widely read Chinese tabloid, said the United States wants to be the only winner in its conflict with China, but history says that approach will be full of risks. It is also unrealistic for China to seek an overwhelming victory over the United States, given its leadership in global technology and ability to mobilize allies to confront China, according to the article. Seeking an alternative resolution will inevitably be the only option, the article said.
KUALA LUMPUR (Reuters) - Once surreptitiously dumped down drains in the dead of night, Asia’s used cooking oil is fast becoming one of the most sought-after commodities in Europe - as a feedstock for biodiesel, Aggressive green energy targets in the European Union that were bolstered further this year are pushing fuel makers to churn out biodiesel containing solid platinum cufflinks recycled cooking oils and fats, phasing out the use of fresh vegetable oils in the process by 2030, That has unleashed a wave of demand for used oil from places such as China and Southeast Asia, where cooking oils are widely used to prepare everything from stir-fries to piping hot samosas..