plus china twitter be worried? plus china has one of asia's worst performing currencies. we look into what this means for one of the well�*s biggest economies. welcome to asia business report with me, mariko oi. we begin this bulletin with threads because meta's latest social media app has managed to hit 100 million signups within five days since it was launched. celebrities, politicians and journalists have joined mark zuckerberg's new app which is now the fastest growing online platform to hit the milestone. threads aims to rival twitter which at about 240 million daily active users injuly last daily active users in july last year, daily active users injuly last year, and of daily active users in july last year, and of course that was before it was taken over by billionaire elon musk. the platform _ billionaire elon musk. the platform launched - billionaire elon musk. tue: platform launched by billionaire elon musk. tte: platform launched by instagram owner meta has beat that 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. 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 owned twitter. according to similar web, twitter�*s web traffic was down 11% from the year prior, that's in the days immediately after threads launched. it's worth remembering threads is not the first attempt to challenge the microblogging app but others such as mastodon, blue sky and truth social remain small. history shows

that creating a social media platforms hard but when it works, it really works. the reverse however is also true and when communities leave a social platform, they can do so pretty quickly. remember myspace, anyone? meanwhile, china's officials _ myspace, anyone? meanwhile, china's officials are _ myspace, anyone? meanwhile, china's officials are closely - china's officials are closely watching the performance of the remember the, watching the performance of the rememberthe, making it watching the performance of the remember the, making it one of the worst performing currencies in the region. rate, instead it p995 in the region. rate, instead it pegs the un to the —— the one to the us dollar stop it shows how much you aren't you can get for one us dollar over the past six months. the central bank says the mid— point fixing for the currency and the yuan can trade with the present range. recently that point has been fixed higher to tackle the

slide in the currency. earlier i spoke to chair of that with market. , ., ., , . market. there is two, domestic and external. _ market. there is two, domestic and external. interest - market. there is two, domestic and external. interest rate - and external. interest rate differences, you get a lot more on your currency and your deposit if you convert it to a foreign currency and put it elsewhere, ratherthan foreign currency and put it elsewhere, rather than in china so that is preventing a lot of companies that let's say have receivables, and come in foreign currency, have converted their currency back, and the other component is the market component where, as mentioned, this idea of interest rate differences, the outlook on growth is not quite as hot as it was, the expectations of where the economy might be going as a little bit subdued so it is not very convincing for financial institutions and investors to necessarily put their money here so i think in this case it

is very clear that they would rather stash it elsewhere like the us dollar. rather stash it elsewhere like the us dollar.— the us dollar. we've been caettin the us dollar. we've been getting quite _ the us dollar. we've been getting quite a _ the us dollar. we've been getting quite a lot - the us dollar. we've been getting quite a lot of - the us dollar. we've been| getting quite a lot of weak economic data from china, just yesterday inflation data, almost showing that the economy could be in a deflationary estate, falling prices state. does this weakness in the yuan show a long—term issue in the weakness of the chinese economy? tt weakness of the chinese economy?— economy? it is a bit of a complex _ economy? it is a bit of a complex issue _ economy? it is a bit of a complex issue and - economy? it is a bit of a complex issue and i - economy? it is a bit of a l complex issue and i think economy? it is a bit of a - complex issue and i think in the immediate term, the yuan is perhaps a little bit independent of the economic growth pack because let's not forget that china set the growth target this year at 5% which is a pretty enviable growth number relative to most countries across the world and i think it's got a good chance of hitting that 5% number but there were some expectations that have been set earlier this year, if you recall the reopening rush, moving away from covid zero, those expectations were set pretty high and over the recent days

and months, those expectations have been disappointed and i suppose in a natural markets you can talk about the scale of disappoint, expectations being reached, and as you mentioned, these inflation numbers perhaps not lending such a great sheen on the economy, sort of moderating that positivity that we had from the beginning of the year, so part of this is expectations, part of this re—evaluation of the growth pathway, that is putting additional pressure on the currency. it is a very different set of long—term, you are talking about productivity, longer term growth, and that is definitely a conversation for another time, definitely a conversation for anothertime, i definitely a conversation for another time, i would definitely a conversation for another time, iwould is definitely a conversation for another time, i would is a. elsewhere in china the national weather agency has warned that the country is warming up faster than the global average. in its latest report on climate change, over3000 in its latest report on climate change, over 3000 extreme heat events were recorded last year and that is the highest number and that is the highest number and around six years and the capital beijing is experiencing a severe heat wave and northern

china has been particularly affect. the need to keep call has been driving up demand for electricity and stretching the limits of power grids across the country. earlier i spoke to somebody who told us these challenges are being taken seriously by chinese officials. i think the chinese leaders very aware that china is very vulnerable to climate change extreme temperatures to droughts to rising sea levels, they are very serious challenges to the economy, so the government has taken several measures. i think the real question is, whether or not they are taking enough measures and whether they are taking them quickly enough, and there are people that should be a little more concerned given that china is the biggest emitter of greenhouse gases globally and the challenge is really massive.— globally and the challenge is really massive. last year there were several _ really massive. last year there were several power _ really massive. last year there

were several power shortages | were several power shortages incidents in china, could these extreme weather be having an impact on power grids yet again? impact on power grids yet auain? ., , , impact on power grids yet auain? . , _,, again? that is very possible. i would say _ again? that is very possible. i would say that _ again? that is very possible. i would say that the _ again? that is very possible. i l would say that the government has taken several measures to try and prevent this, especially because china over the past few years, it is not just been last year, there's been several of these shortages both in the summer and the winter due to a combination of natural factors winter due to a combination of naturalfactors and natural factors and institutional factors as well worsened by climate change of course. so the government has taken several measures, including i think most notably at the moment, is the order to keep running power plant and the expansion of permits for new coal power plants. so that in theory should mean demand but we will have to see how that plays out as the summer precedes. to that plays out as the summer precedes-_ that plays out as the summer precedes. to india now where the diabetic _ precedes. to india now where the diabetic population - precedes. to india now where the diabetic population has i the diabetic population has crossed 100 million and gone up by over 40% in just the last

four years. by over 40% in just the last fouryears. one by over 40% in just the last four years. one out of every ten of these people are diabetic. and many more are on the cusp of it to be this woman's poorly controlled diabetes lead to complications and eventually a foot amputation. she is now part of amputation. she is now part of a statistic. every year around 100,000 indians lose a foot from amputation. translation: t from amputation. translation: i would never imagined my would lose my foot. what can one do? i have to live like this now. once considered a rich man's disease, diabetes is now spreading to india's bath rural hinterland, as consumption of processed food goes up and lifestyles become more sedentary.

lifestyles become more sedentary-— lifestyles become more sedentary. lifestyles become more sedenta . ~ ., ., lifestyles become more sedenta .~ ., ., ., sedentary. what we need to do is to make _ sedentary. what we need to do is to make the _ sedentary. what we need to do is to make the healthcare - is to make the healthcare option the easier option by making it much more affordable. this diabetes awareness start—up and a small village in central india is using fun and games to educate people about the disease. awareness of diabetes and access to specialist doctors is a critical gap in remote parts of this country. so you can get yoursugar this country. so you can get your sugar levels tested in a matter of a few seconds with this device and what is a staggering statistic with the scanners that more than 50% of the people who randomly walked in here actually had sugar levels that were higher than normal. care will be key to limiting the spread of the disease. , , , ., ., disease. every expense around diabetes that _ disease. every expense around diabetes that you _ disease. every expense around diabetes that you look - disease. every expense around diabetes that you look at - disease. every expense around diabetes that you look at is - diabetes that you look at is actually out of when it is expense on medicines, expense

ongoing and seeing a, getting your diagnostics done, if you are able to make this whole value proposition a lot more affordable you see a sudden steep rise in the level of inherent and compliance quite this is a disease that carries with it a big economic cost, say experts, to reduce productivity and higher healthcare spending. a major burden for a low income country like india. . burden for a low income country like indie-— like india. that is it for this edition of _ like india. that is it for this edition of asia _ like india. that is it for this edition of asia business . edition of asia business report. i will be back next hour sojoin us if you can but for now, thank you so much for watching. bringing you different stories from across the uk. they are society's places of punishment and rehabilitation, but one mp has described our presence as a ticking time bomb. the daily pressures

prison officers say creating a descending spiral that these staff numbers falling and disorder rising.— disorder rising. prison officers _ disorder rising. prison officers have - disorder rising. prison officers have been - disorder rising. prison - officers have been slashed up and down the country, threatened almost on a daily basis. , ., , ., _ basis. figures obtained by the bbc show _ basis. figures obtained by the bbc show that _ basis. figures obtained by the bbc show that in _ basis. figures obtained by the bbc show that in england - basis. figures obtained by the bbc show that in england and | bbc show that in england and wales over a five year period the number of staff taking days off mental health reasons rose from 1400 86 to 2879. in the southeast of the rise in the same period was sharper still, from 137 — 309. tom hill was in the prison service for 32 years. he says austerity cuts sought swathes of experienced staff leave the service and the impact was clear.— staff leave the service and the impact was clear. when a “oint ofthe impact was clear. when a “oint of the job in i impact was clear. when a “oint of the job in the i impact was clear. when a “oint of the job in the 805, h impact was clear. when a “oint of the job in the 805, if k impact was clear. when a joint of the job in the 805, if you i of the job in the 805, if you had an alarm bell 40 or 50 officers would run to it. when they left the job would be lucky if a handful were turning up lucky if a handful were turning up on that handful unfortunately that didn't turn up, a lot of them did know what to do. , ,., ., ,

to do. the prison reform trust is prisons _ to do. the prison reform trust is prisons are _ to do. the prison reform trust is prisons are too _ to do. the prison reform trust is prisons are too full- to do. the prison reform trust is prisons are too full and - is prisons are too full and lower staff ratios increase both problems and pressure. for more stories from across the uk, head to the bbc news website. i'm levi with the catch up. tonight, a warning about crime, weight loss jabs and pampering homeless dogs. but first, a lawyer representing the young person who is at the centre of allegations about bbc presenter has said the claims made by their mother are rubbish and there are no truth to it. so how did we get here? on friday the son reported claims that a presenter paid a teenager for sexually explicit photos starting when they were 17. and on sunday the mother of

they say the bbc act upon a complaint about the present behaviour and they should properly investigate. a top us senator has called on regulators to investigate an energy drink promoted by youtube as, the prime energy drink is being targeted at children despite containing around twice the amount of caffeine as a red bull. next all police forces and england and wales were using approach to rape and sexual assault investigations from this week, they will focus on increasing they will focus on increasing the low rate of prosecutions. and europe's drug regulator says it is starting a review into some weight loss jabs after reports of a possible link to suicide thoughts and self harm. and time now to leave you with ten seconds of to reach his first wimbledon qua time now to self harm. and time now to leave you with ten seconds dog care. students at the university of nottingham has the top of it provides free self harm. and time now to leave you it th ten seconds treatment for homeless people's self harm. and time now to leave you it th ten se free 5 the top of it provides free treatment for homeless people's

pit stop in the team says they pit stop the have seen an increase in the number of people visiting have seen an increase in the number of people visiting because of the cost of living because of the cost of living crisis. that's all for today, crisis. that's all for today, have a good night. have a good night. wimbledon quarter—final. hello and welcome to sportsday. i'm olly foster. coming up on the program: carlos shows his class: the world number one comes

from a set down to reach his first