The Cable

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NEW YORK (AP) -- Facebook is launching a new section dedicated to live and recorded video.

It's a potential threat to Twitter, YouTube, Netflix and other services for watching video.

People already watch a lot of videos on Facebook, but mostly when they scroll down their main news feed. Although there has already been a special video section, it mainly showed a random concoction of "suggested" videos.

Facebook's new Watch section builds on this. The idea is to let people find videos and series they like, keep up with them as new episodes air, and interact with other fans in the process.

It is available to some U.S. users Thursday, and more people will get it over time.

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(CNN): The company said Tuesday that it will end its partnership with the streaming service in 2019.


Disney also announced it will launch its own streaming services, and plans to acquire a majority stake in BAMTech, a major streaming and marketing service.


Disney's cable networks, such as ESPN, make up the majority of the company's earnings. However, that proportion has fallen in recent years as viewers change the way they consume entertainment. The new streaming services are a way to connect directly with consumers and take advantage of new viewing habits.


To that end, Disney is paying $1.58 billion for majority ownership of BAMTech.

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GEORGETOWN, Guyana (CMC) – Guyana says it is on target to achieve its target of 700,000 ounces of gold this year after declaring that more than 360,000 ounces and export earning of just over US$450 million was reached during the first six months of this year.

Official figures released here show that as of July 31, this year, a total of 367,861 ounces had been declared.

Last year, total gold target had been set at 600,000 ounces.

The Ministry of Natural Resources and the Guyana Gold Board (GGB) said this year's half yearly declaration figure is a marginal 1.96 per cent lower than 2016, when the figure then stood at 375,202 ounces.

“These figures have established that the measures implemented by government to ensure both production and declarations of gold are bearing fruit,” according to an official statement issued here.

It said that total exports as at July 31, 2017 jumped 3.70 per cent at 377,211 ounces compared to 365,749 ounces as at July 31, 2016, resulting in earnings of US$453.2 million as compared with US$442.1 million, an increase of 4.19 per cent.

“We continue to stress on miners to sell their gold to the GGB or to approved, licenced gold dealers so that together we could achieve and surpass the target set this year for the industry,” said Minister of Natural resources, Raphael Trotman.

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(CNN) Auto sales in the U.K. dropped by 9.3% in July compared to the previous year, according to data from the Society of Motor Manufacturers and Traders. It was the fourth consecutive monthly decline.


It's a trend being driven by uncertainty over Brexit.


"The fall in consumer and business confidence is having a knock on effect on demand in the new car market and government must act quickly to provide concrete plans regarding Brexit," said Mike Hawes, the industry group's chief executive.


Britain started exit negotiations with the European Union in June, but there has been little clarity on what its future relationship with the bloc might look like.

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GEORGETOWN, Guyana (CMC) — The Antigua-regional airline, LIAT, says it will introduce an airport passenger facilitation fee for international flights departing from the Eugene F Correia International Airport from September 1.

In a statement, the airline said that its newly appointed chief executive officer, Julie Reifer-Jones, led a delegation here for talks with the Director General of the Guyana Civil Aviation Authority, Lieutenant Colonel Egbert Field and representatives from the Ogle Airport Inc “to discuss concerns relating to the airport passenger facilitation fee which LIAT's passengers are required to pay for the use of facilities at the Eugene F Correia International Airport”.

The statement said that the fee, the amount which was not disclosed, “is being charged to LIAT” and that the parties “agreed that an airport passenger facilitation fee is a normal and legitimate airport charge to the passenger and that, with IATA's (International Air Transport Association) approval, effective 1st September, 2017, this fee will be included in the LIAT ticket price”.

The statement said that the fee “will appear on the LIAT ticket for any booking on LIAT for international flights departing Guyana from the Eugene F Correia international Airport” and that the airline has “committed to working with Ogle Airport's management to ensure that the Airport is paid on schedule in accord with an agreed payment plan”.