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a semiconductor superpower. our asia business reporter monica miller has more. it is a major setback. prime minister narendra modi has made chip—making a top priority for india's economic strategy in pursuit of what they say is a new era of electronics making. it doesn't get much bigger than foxconn, which makes roughly 70% of apple's iphones. india estimates that its semiconductor market could be worth $63 billion by 2026. now, we need to go back a little bit to explain how this partnership happened. that was in september 2020 to the taiwanese firm and the indian mining giant agre...

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 o...

prices will stay high for longer. and we take a look at the biggest deal in golf, ahead of a us senate hearing into the pga—liv merger. welcome to world business report. let's start here in the uk where the government is facing another big setback in its battle against inflation. new data show that average wages have risen at a record annual pace of 7.3% in the march to may period, compared with the same period last year. british headline inflation is running at 8.7%, staying higher for longer than many had forecast. and there are concerns that after 13 consecutive interest rate ri...

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. group three 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 o...

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 all...