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
that to life, last year, the overall energy production that was taken out because of the russian invasion was i% of global energy supply. i%. that is what created the massive all agility of last year. and so if you get a similar i%, 2%, 3% you geta similari%, 2%, 3% take you get a similar i%, 2%, 3% take out of that production, then who knows how massive that all agility can be. it then who knows how massive that all agility can be. all agility can be. it sounds like ou all agility can be. it sounds like you are all agility can be. it sounds like you are saying - all agility can be. it sounds like you are saying we - all agility can be. it sounds| like you are saying we need all agility can be. it sounds i like you are saying we need to be realistic about how dependent we still are on oil and gas. you are going to keep investing to keep that supply coming, that sounds some people like despair when it comes to the climate. i like despair when it comes to the climate. the climate. i
last year? i that we saw in the summer of last year? last year? i really hope not but the tightness last year? i really hope not but the tightness in - last year? i really hope not but the tightness in the - but the tightness in the broader markets, both for oil and gas, means that small shifts can have a magnified effect, if i canjust bring back to life, last year, the overall energy production that was taken out because of the russian invasion was 1% of global energy supply. 1%. that is what created the massive volatility of last year, and so if you get a similar one, two, 3% take out of that production, then who knows how massive that volatility can be? it then who knows how massive that volatility can be? volatility can be? it sounds like ou volatility can be? it sounds like you are volatility can be? it sounds like you are saying - volatility can be? it sounds like you are saying we - volatility can be? it sounds| like you are saying we need volatility can be? it sounds i li
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