set by chatgpt, signing up more than 100 million users in under five days. that was just last wednesday that threads went live on apple and android app stores and 100 countries. mark zuckerberg said he couldn t believe the milestone had been reached so fast but if it feels like lots of people are already on it, well that is partly because it is connect to instagram. group three isn t creating an app from scratch, it is benefiting from its 2 billion instagram followers and that s giving it a massive shot in the arm. analysts are calling this the first serious threat to the elon musk owned twitter. according to similar web, twitter s web traffic was down 11% from the year prior, that s in the days immediately after threads launched. it s worth remembering threads is not the first attempt to challenge the microblogging app but others such as mastodon, blue sky and truth social remain small. history shows that creating a social media platforms hard but when it works, it really wo
the russian prison was called a criminal, returning to the crime scene. it was the first time mr burton had been to newly occupied ukrainian territory. now my bbc news, talking business. let s take a look at what is on the show. spy balloons, tiktok and taiwan. trouble is never far away from the us china relationship so what do mounting tensions mean for the global economy? xijinping in a new term. joe biden halfway through his first, strains between the world s two biggest economies have deepened so what will it take to improve them? a growing number of us firms are looking beyond china to invest their cash. the president of the american chamber of commerce in china tells us why they re having second thoughts. that s despite us china trade hitting a record high last year and with the president s increasing his power this expert tells us what this means for economic ambitions. when will the rivalry have the consequences for the rest of us? we ll hear from the former head of t
so what do mounting tensions mean for the global economy? xijinping in a new term. joe biden halfway through his first, strains between the world s two biggest economies have deepened so what will it take to improve them? a growing number of us firms are looking beyond china to invest their cash. the president of the american chamber of commerce in china tells us why they re having second thoughts. that s despite us china trade hitting a record high last year and with the president s increasing his power this expert tells us what this means. when will the rivalry have the consequences for the rest of us? we ll hear from the former head of the monetary fund s china division. the man behind brands such as intercontinental, holiday inn and crown plaza tells us by a big expansion is not stopping him sleeping despite the delicate state of the global economy. welcome to talking business weekly. the us and china are the world s two biggest economies and for decades they have helped
hello there. we begin in the us where, in an extraordinary move to contain panic in the banking system, 11 of america s biggest financial institutions have agreed to a $30 billion bailout for first republic. shares in first republic plunged, as investors worry that it could be the next to fail. it follows the stunning collapse of two other specialist lenders, including silicon valley bank. samira hussain reports from new york. the collapse of two us banks have spooked investors who are now left wondering which bank could be the next to fail. that s been putting a ton of pressure on smaller regional banks. depositors at first republic have withdrawn billions of dollars and the regional banks share price has been cut in half. now the biggest of the american banks have stepped in, led by the likes ofjpmorgan and citigroup, 11 companies have agreed to make $30 billion of uninsured deposits in first republic. they have done this in the hope that it will be enough to shore up conf
protection in the united states, while it seeks buyers for its assets. that s hot on the heels of its subsidiary silicon valley bank being taken over by us regulators and the british arm of the same bank being bought by hsbc. separately, in an extraordinary move to contain panic in the banking system, 11 of america s biggest financial institutions have agreed to a $30 billion bailout for first republic, a regional us bank based in san francisco. here s samira hussain in new york. good to have you with us. explained this bankruptcy protection, how significant is it for svb financial group? it significant is it for svb financial . rou . ? ., , significant is it for svb financial u-rou? ., significant is it for svb financial a-rou? ., .,., significant is it for svb financial u-rou? ., . , , , , group? it wasn t a total surprise that svs, group? it wasn t a total surprise that svs, the group? it wasn t a total surprise that svb, the parent group? it wasn t a total s