us, you are in time for the top business stories. we start in the us where, as you ve been hearing in the last few hours, meta, the owner of facebook, instagram and whatsapp, has launched its widely anticipated new conversation app, threads. it allows users to create posts of up to 500 characters and is being seen as a clear rival to twitter. threads is available to download in more than 100 countries around the world, including here in the uk, but not as yet in the european union because of concerns over privacy regulations. meta boss mark zuckerberg says 5 million users have already signed up to threads in the first four hours. and many tech industry watchers say it poses a very real threat to twitter. i think threads will pose a huge threat to twitter because it is coming from the matter and instagram family of apps. instagram has 2 million users compared to around 250 million of twitter so about ten times bigger already. of twitter so about ten times biggeralready. if of
this is the first time a us treasury secretary has visited china since the covid pandemic and this is the environment they find themselves in. for example, trade restrictions. one point of contention is over rare earth metals, essential components to make semiconductor those which are used in everything from smart phones to military equipment. earlier this week beijing said it will require a special license to obtain two metals predominantly mined in china stopping this move has seen a retaliation against export bands put in place by the united states of critical technology needed for artificial intelligence and quantum computing. both sides argue that these bands are neededin argue that these bands are needed in the interest of national security. another issueis national security. another issue is the weakening yuan. china s currency has lost nearly 5% of its value against the us dollar over the past year which makes chinese exports more competitive on the global market. the
between the us and china ranges from taiwan and ukraine to national security and an ongoing trade dispute. janet mui, head of market analysis at rbc brewin dolphin. janet, at rbc brewin dolphin. good to have you with us. what janet, good to have you with us. what you make of this visit? as we said, the second in as many months. canjanet said, the second in as many months. can janet yellen said, the second in as many months. canjanet yellen do said, the second in as many months. can janet yellen do what the others have not yet managed to do, which is though that relationship that is particularly frosty about politics but also now economics and business two. ., but also now economics and business two. . ., ., but also now economics and business two. ., ., ., but also now economics and business two. thanks for having me. i think it is a difficult two. thanks for having me. i think it is a difficult task two. thanks for having me. i think it is a difficult task for two. tha
match of the day sees andy murray face stefanos tsitsipas. there s a host of grand slam champions elsewhere too and keeping across it all at the all england club is chetan pathak. chetan, bring us up to speed. the rain going on with the death first and second round matches played this in time but the sun is out in tennis is relentless. cheer on centre court behind me when liam brody the british wildcat he was a upset last year is playing casper ruud who is the fourth seed who has reached three of the last four grand slam finals and brodie has levelled things up and is two set since heading to a shoot out on centre court and whoever wins the deciding set will be in for the third round and other casper ruud is not a natural glass course player and his biggest success have come in a different court and he says he is still figuring out at the surface but the whole crowd is getting behind him. he beat british world champion before. three time grand slam champion is through to the
earths just days ago. i think she really wants as she said to get communications open. we are trading a lot with china, china depends on the us, us depends on china but at the same time, security and geopolitical interests are coming into conflict. i would say it is a little bit like good cop bad cop, blinken being the bad cop and now yellen going in as the good cop trying to say, look, we have a lot in common, let s see what we can do together, but boy, back home in the united states, both the democrats and the republicans are bashing on china, trump put in tariffs on hundreds of billions of chinese goods and president biden, who has reversed every trump policy he can, has kept that one. but despite those cooling tensions, the trade between the two have actually been growing but of course just ahead of her visit, beijing announcing those export controls on rare metals, also introducing some new laws on foreign relations and counterespionage and so on. is beijing playing ha