meta, which owns facebook, says threads will be part of its instagram platform so it ll be connected to hundreds of millions of accounts to begin with. but the app has already been criticised for the amount of data it may collect. ray wang is a principal analyst constellation research and explained why threads could be a serious threat to twitter. it s a massive threat if you think about twitter, it only has one of 150 million active users. if you see what s going on with facebook and instagram, we are talking 2.96 billion users, so let s look at this in simple terms. 50 million is the number we used to say mass adoption of technology has occurred, chatgpt did it in 30 days, facebook live in 2a hours. mark zuckerberg can get the 50 million users in probably less than hours and probably get 150 million users in less than two months. that means it s a direct threat to twitter. at the same time some users aren t happy with recent restrictions like the number of tweets you can lo
the move also comes as janet yellen met with the chinese ambassador ahead of her visit to china this week. michelle fleury has more. us treasury secretary janet yellin is heading to beijing and hers is the second trip by a cabinet official to china since ties between the world s two top economies deteriorated earlier this year. her goal is to study the relationship but she has her work cut out for her. ahead of her visit beijing said it was imposing export controls on two rare metals essential for making semiconductors. this is seen as a tit for tat response after the us, the netherlands and japan recently restricted chip exports to china. some say the move is aimed at giving china more leverage in future trade discussions. gallium and germanium, the two metals in question will be subject to export control starting august one. in a statement, the chinese ministry of commerce said it was to protect national security interest. china is the largest producer of gallium and german
a severe economic slump. the 23 banks tested at more than $100 billion in assets each. that results in a vote of confidence for the financial sector after the collapse of the silicon valley bank earlier this year. elsewhere in the us, president joe biden has vowed to restore the american dream in a speech promoting his so called bidenomics policy at a rally in chicago. he is courting voters ahead of the presidential re election bid next year. michelle fleury explains. joe biden went on the road to make his pitch to sceptical americans. the president outlined his economic asian for the future and laid out what his policies have delivered so far. ., , his policies have delivered so far. ., . ,, ., , far. today, the us has the hithest far. today, the us has the highest economic - far. today, the us has the highest economic growth i far. today, the us has the - highest economic growth rate, leading the world economies, since the pandemic. the highest in the world. find since th
department is likely to confirm prices are calling. but with inflation still stubbornly high, policy makers here as in many other developed economies aren t done raising interest rates. michelle fleury reporting. let s quickly show you how markets reacted. investors hope there may be a chance the us economy could avoid falling into a recession so we saw a bit of a rally in all the main indices. let s show you how japan s all the main indices. let s show you howjapan s nikkei has started, down by almost i%, profit taking also happening as well. in other news, sporting goods giant nikkei has reported its latest earnings for the fourth quarter and revenue coming in at $12.8 billion. that s slightly higher than expected and it also means they have been revenue estimates for seven street orders, with sales jumping in both its modest market, north america, and in china following the easing of covid 19 restrictions. going to china were on about how authorities are expected to releas
in manchester city, and the club has broken even in recent years, and thatis broken even in recent years, and that is because they have a very good play selling market nonacademic and exit route because the plan. audio cuts out it has gone on the stadium expansion, but also on east manchester, areas of social deprivation, to create what is referred to as the etihad campus. improving influent prospects in the city of manchester itself. city of manchester itself. there is obviously an city of manchester itself. there is obviously an elephant city of manchester itself. there is obviously an elephant in - city of manchester itself. there is obviously an elephant in the - city of manchester itself. there is | obviously an elephant in the room city of manchester itself. there is i obviously an elephant in the room at the moment with manchester city, we are focusing on their celebrations, but the club have been charged by the premier league with numerous alleged breaches of fin