record 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. meta 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, bluesky and truth social remain small. history shows that creating a social media platform is hard but when it works, it really w
by 11 of the 31 members of the alliance. uk prime minister rishi sunak is expected to urge nato allies to learn the lessons from russia s invasion of ukraine and invest more in defence. joining me now is hugo brennan, research director at the risk intelligence company verisk maplecroft. good morning to you, hugo. so, just talk us through the level of defence spending going on at the moment. because this has been a contentious issue for years within nato, hasn t it? it very much has been, yeah. i mean, the first thing to say is the question of who foots the bill to pay for the alliance? as you say, that s long been a question mark. you ll remember back to 2019, when donald trump made it very much top of the agenda. and again, it s going to be in this latest nato summit. as you said, we re expecting some sort of agreement that will make it a requirement for nato member states to spend at least 2% of their gdp on defence spending, which would build on that 2014 agreement you r
notably at the moment, is the order to keep running power plant and the expansion of permits for new coal power plants. so that in theory should mean demand but we will have to see how that plays out as the summer precedes. iphone box con has withdrawn from a semiconductorjoint venture with almost $20 billion. last year the world s biggest contractor electronics maker had signed a pact with india s mining conglomerate stopping the plan was to set up semiconductor and display conduction plans in gujarat but in a statement foxconn said the company will not move forward with a joint venture without explaining why. they say it remains committed to its semiconductor project.
from a $19.5 billion semiconductorjoint venture with the indian conglomerate vedanta. this is a huge setback to prime minister narendra modi s chipmaking plans for india. the world s largest contract electronics maker signed a pact with vedanta last year to set up semiconductor and display production plants in modi s home state of gujarat. let s cross to our asia business hub and monica miller is there. why the change of mind 41? they did not really why the change of mind 41? they did not really say why the change of mind 41? they did not really say but why the change of mind 41? they did not really say but as - why the change of mind 41? tue: did not really say but as you said it is a major setback the prime list has made ship making a top priority for india s economic energy in pursuit of what they say is a new era of electronics mating. it does not get much bigger than foxconn which makes to 70% of apple iphones. india estimates at semiconductor market could be worth $68 billi