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BBCNEWS Asia July 5, 2024

beaten a record set by open air chat app, signing up more than 100 million users in under five days. now, it was just last wednesday that threads went live on apple and android app stores in 100 countries. meta boss mark zuckerberg said he couldn t believe the milestone had been reached so fast, but it feels like lots of people are already on it. well, that s partly because it s connected to instagram. meta, remember isn t creating an app from scratch. it s benefiting from its two 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 similarweb, twitter s web traffic was down 11% from the year prior. that s in the days immediately after threads launch. it s worth remembering threads is not the first attempt to challenge the micro blogging app, but others such as mastodon, blue sky and truth social, well, they all remain still pretty small right now. as ....

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BBCNEWS Asia Business Report June 4, 2024 23:33:00

Of natwest markets who told us what s behind this. two big forces are going on one domestic and one external, the domestic and one external, the domestic one is the interest rate differences. you get a lot more on your currency and your deposits if you convert to a foreign currency and put it elsewhere rather than china. that is preventing lots of companies that lets it have receivables, income, inforeign country currency receivables, income, in foreign country currency for converting a currency wassup and pushing it outside. the other component is outside the market, where i mentioned this is your interest rate differences, the outlook on goat not as hot as it was, expectations of where the economy is going is subdued, so it s not convincing for financial institutions and investors to put their money in the first or in this case is ....

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