More than $70 billion wiped off crypto market in 24 hours as bitcoin drops below $20,000
A number of issues are weighing on cryptocurrency markets including a sell-off in U.S. stocks and issues at Silicon Valley Bank. Bitcoin fell below $20,000.
Many of Europe’s ‘golden visa’ programs are closing — but demand is up in this Mediterranean hotspot
Greece has seen a surge in the number of people applying for its residency by investment program while other European countries call time on such programs.
European banking stocks sink as Silicon Valley Bank jitters spread
European banking stocks sold off sharply Friday as jitters surrounding U.S. bank SVB Financial — which plunged 60% Thursday — spread around the world.
VinFast delays U.S. electric vehicle plant operation to 2025
This comes after the Vietnamese EV maker said in February that the North Carolina plant is on track to start production in 2024.
Consumer spending in China isn’t surging back yet, companies say
China has yet to see a strong rebound in consumer spending, according to major companies.
UK economy rebounds with stronger-than-expected January GDP print
The U.K. economy grew by 0.3% in January, official figures showed on Friday, exceeding expectations as it continues to fend off what economists see as an inevitable recession.
A 50% rent increase? Record property demand in Dubai is creating a nightmare for some residents
“Believe me, there are people willing to pay the price,” one real estate professional told CNBC.
CNBC Daily Open: Investors sold off, anxious about the monthly U.S. jobs report
Investors are getting noticeably jittery about February’s jobs report. Markets experienced a sell off, especially in the banking sector.
Shania Twain says the country music industry has regressed for women artists
“They’re making it so difficult for women,” Twain told CNBC. “They’re not giving them that space.”
Without us ‘there is no Google’: EU telcos ramp up pressure on Big Tech to pay for the internet
European telecom bosses have ramped up pressure on regulators to make digital giants shoulder some of the cost of building internet infrastructure.
