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China's central bank keeps RRR cuts on table, as investors eye more support for economy
China's central bank keeps RRR cuts on table, as investors eye more support for economy
(Corrects attribution in paragraph 4 to Yuan Da of the NDRC, not Zou Lan of the central bank) BEIJING (Reuters)
1970-01-01 08:00
China to lift tariffs on Australian barley as trade ties improve
China to lift tariffs on Australian barley as trade ties improve
By Dominique Patton and Lewis Jackson BEIJING/SYDNEY China's Ministry of Commerce said on Friday it would drop anti-dumping
1970-01-01 08:00
UAE’s $60 Billion Firm Chases Global Deals Despite Vodafone Snag
UAE’s $60 Billion Firm Chases Global Deals Despite Vodafone Snag
Vodafone Group Plc’s biggest shareholder is pushing ahead with an ambitious global expansion strategy, undeterred by a slump
1970-01-01 08:00
Meta’s Twitter rival Threads sees steep drop in daily users by 80 per cent, report says
Meta’s Twitter rival Threads sees steep drop in daily users by 80 per cent, report says
Meta’s Twitter rival Threads appears to be struggling to hold on to users as its daily active user count is down by about four-fifth since its launch – just days after it broke records as the fastest-growing app ever. Within a few days of its launch, Instagram’s threads reached 100 million users, making it the most rapidly growing app ever developed. In comparison, OpenAI’s ChatGPT, which was the previous fastest-growing app, took two months to reach 100 million users. Growing at such a rapid rate, Threads easily became the leading competitor of X (formerly Twitter) with about three times as many users as all other rivals combined within hours of launching. But new data assessed by market research firm Sensor Tower suggests Threads is facing challenges in retaining its user base. The firm’s analysis points out that the daily active user count of Threads is down by 82 per cent since the app’s launch as of 31 July, CNN reported. Fewer users are opening the app and doing so less frequently, apart from spending less time there, according to Sensor Tower. Citing the market research firm, CNN said users spent barely three minutes per day on Threads, compared to nearly 20 minutes during its initial launch. Analysis by another firm Similarweb also pointed out that Threads is struggling to retain its users. While the app’s usage peaked on 7 July – immediately after its launch – with over 49 million daily active users on Android alone, this number had fallen to 12.6 million by 23 July, according to a blog post by Similarweb. At its peak, Threads reportedly had over a third of X’s audience on that platform, but by 23 July, this had dropped to about 12 per cent of the users on the Elon Musk-owned platform. Sensor Tower noted that Threads’ daily active user count is still falling at about 1 per cent each day. “Threads took off like a rocket, with its close linkage to Instagram as the booster. However, the developers of Threads will need to fill in missing features and add some new and unique ones if they want to make checking the app a daily habit for users,” Similarweb noted in its blog post. Despite falling numbers, Meta chief Mark Zuckerberg is “quite optimistic” about the app, intending now to focus on “retention and improving the basics”, according to CNN. “And then after that, we’ll focus on growing the community to the scale we think is possible,” Mr Zuckerberg said. Read More Meta is secretly building an AI chatbot with the personality of Abraham Lincoln Are you a Facebook user? Here’s how to claim your share of $725m settlement in privacy lawsuit Elon Musk red-faced as police halt Twitter sign removal leaving company called ‘ER’ Mark Zuckerberg reveals his 4,000 calorie diet and large McDonald’s order Meta is secretly building an AI chatbot with the personality of Abraham Lincoln Here’s how to claim your share of $725m settlement in Facebook’s privacy lawsuit
1970-01-01 08:00
Ukraine war: Sea drone attack reported on Russian Black Sea port of Novorossiysk
Ukraine war: Sea drone attack reported on Russian Black Sea port of Novorossiysk
Russia says it repelled a seaborne drone attack by Ukraine off Novorossiysk, a major hub for exports.
1970-01-01 08:00
Selloff in Long-Maturity Treasuries Squeezes Recession Wagers
Selloff in Long-Maturity Treasuries Squeezes Recession Wagers
The Treasury yield curve has become far less inverted this week, but the shift is unnerving investors as
1970-01-01 08:00
The Parkland school shooting will be reenacted with live gunfire in civil lawsuit against former school resource officer
The Parkland school shooting will be reenacted with live gunfire in civil lawsuit against former school resource officer
At least 140 live rounds of bullets will be fired inside Marjory Stoneman Douglas High School on Friday in a reenactment of the 2018 mass shooting -- part of a civil lawsuit against a former sheriff's deputy who remained outside during the massacre.
1970-01-01 08:00
Watch out Deshaun Watson, Browns fans have new favorite QB
Watch out Deshaun Watson, Browns fans have new favorite QB
The Cleveland Browns fanbase has a new favorite quarterback after watching the 2023 NFL Hall of Fame Game.For the first time since the Kansas City Chiefs defeated the Philadelphia Eagles in Super Bowl 57, an NFL game was played. On Thursday night, the NFL held its first preseason game at Tom Ben...
1970-01-01 08:00
Singapore’s 2023 F1 Race Will Go Ahead as Planned, Minister Says
Singapore’s 2023 F1 Race Will Go Ahead as Planned, Minister Says
Singapore’s preparations for this year’s Formula One Grand Prix are at an advanced stage and the race will
1970-01-01 08:00
India restricts laptop, PC imports to boost local manufacturing
India restricts laptop, PC imports to boost local manufacturing
India has placed restrictions on the import of computers and laptops in a surprise move from the government of Prime Minister Narendra Modi which has been trying to encourage domestic manufacturing in the tech sector.
1970-01-01 08:00
China's Zhengzhou city launches property support measures
China's Zhengzhou city launches property support measures
BEIJING China's Zhengzhou city has launched measures to support its property market, including easing home resale restrictions, in
1970-01-01 08:00
China Scraps Australian Barley Tariffs in Place Since 2020
China Scraps Australian Barley Tariffs in Place Since 2020
China will scrap anti-dumping and anti-subsidy tariffs on Australian barley, effective from Aug. 5, China’s commerce ministry said
1970-01-01 08:00
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