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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. ....
and after a break of three years, glastonbury opens its gates to festivalgoers this morning. good morning for the tower of london. we are here for the super bloom display in order of the platinumjubilee. sunny, dry bloom display in order of the platinum jubilee. sunny, dry and platinumjubilee. sunny, dry and warm platinum jubilee. sunny, dry and warm foremost, platinumjubilee. sunny, dry and warm foremost, more platinum jubilee. sunny, dry and warm foremost, more clout in the north and west. it s wednesday the 22nd ofjune. our main story. the uk s rate of inflation is expected to rise once again when the latest figures are released this morning. in april, inflation rose to 9%, its highest in a0 years, as the increasing costs of energy, fuel and food continues to squeeze household budgets. our business correspondent emma simpson reports. if i haven t got the money, i can t eat. you see lots of things that are on cheap, we buy them and freeze them. definitely shopping aro ....
standing ovation. the general assembly overwhelmingly accepted to vote for the credentials of the country s new leadership which promises to form a new government in ten days. those are the headlines. i m zain verjee, and world business today starts now. good morning from cnn london, i m nina des santos. this is world business today. these are your top stories on wednesday, september 21st. a disastrous day for insurers, earthquakes and extreme weather send lloyd s of london deeply into the red. flights, trains and work shifts are canceled in japan as typhoon roke makes landfall. and better maritime security forces somali pirates to change their business model. so plenty to come on this jam-packed show. we ll check the markets for you. first let s have some positive news to consider. the greek government says that it s made progress in its talks with the european commission, the international monetary fund and the european central bank. these three institutio ....