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This is in part the doing of so-called "golden visas," hugely popular residency visas for foreign investors. And they purchased more Portuguese golden visas than any other nationality in 2022. Related storiesBut as Portugal has experienced a worsening housing affordability crisis, Portuguese public opinion on golden visas has soured. Last year, the country changed the terms of its golden visa program to exclude real estate investment. Other southern European countries are following suit, similarly pointing to skyrocketing real estate prices.
Persons: , They're, they're, João Pereira dos Santos, Pereira dos Santos, Nuno Fazenda, Holger Schmieding, Schmieding, David Zorrakino Organizations: Service, Business, The New York Times, School of Economics, Finance, Queen Mary University of London, State, Tourism, Trade, Services, Bloomberg, Berenberg Bank, Getty, European Central Bank, Paris Locations: Greece, Portugal, Tourism, Lisbon, Athens, Spain, Southern Europe, Portuguese, London, Ramblas, Barcelona, Catalonia, Europe, Germany, Netherlands, France
“This is a symptom of Japan’s population decline,” said Jeffrey Hall, a lecturer at Kanda University of International Studies in Chiba. “It’s not really a problem of building too many houses” but “a problem of not having enough people,” he said. According to figures compiled by the Ministry of Internal Affairs and Communications, 14% of all residential properties in Japan are vacant. “When an earthquake or a tsunami occurs, there is a possibility that vacant houses will block evacuation routes as they break down and get destroyed,” he said. In other rural areas with a high concentration of vacant houses, akiya have stalled development, the professor said.
Persons: , Jeffrey Hall, “ It’s, don’t, Akio Kon, it’s, “ They’re, Buddhika Weerasinghe, Yuki Akiyama, Akiyama, ” Akiyama Organizations: CNN, Kanda University of International Studies, Ministry of Internal Affairs and Communications, Kanda University, , Bloomberg, Getty, Ministry, Internal Affairs, Communications, Tokyo City University, Homes Locations: Japan, New York City, Tokyo, Kyoto, Chiba, Kanda, Yato, Yokosuka City, Kanagawa prefecture, Tambasasayama, Noto, Ishikawa, Europe, West,
Trade with Russia has slumped in the first quarter amid tightening US sanctions, the Financial Times said. After a December executive order bolstered its sanctioning power, the department has amplified warnings against foreign lenders that facilitate trade with Russia. At the same time, the US' crackdown has proliferated trade in the Russian ruble, as other currencies increasingly fall out of favor. That's as foreigners are still free to buy rubles on the Moscow Exchange when settling payments with Russian parties. AdvertisementStill, the ruble faces restricted convertibility, making it difficult to reach trade volumes once possible under the dollar.
Persons: , Vladimir Potanin, That's Organizations: Financial Times, Companies, Service, US Treasury Department, United Arab Locations: Russia, China, Turkey, Ankara, United Arab Emirates, Austria, Russian, Iran, Tehran, Moscow, UAE, dirhams
Photo of a person making a mobile payment. Ant InternationalChinese fintech major Ant Group is looking to boost its global presence via its digital offering, Alipay+, as it seeks to connect mobile payment apps around the world. The group's global arm, Ant International, introduced Alipay+ in 2020, allowing foreigners to use apps from their home countries to make payments in China and other countries by scanning QR codes of Ant Group's largely domestically-focused platform Alipay. Ant with its Alipay+ offering seeks to make the most of the early inroads into those markets. "We had the benefit that Alipay was already accepted in many merchants around the world so one of our first steps was [to] convert those merchants to Alipay+ merchants.
Persons: Douglas Feagin, Ant Group's, Ant, Feagin, Alipay Organizations: Ant, Ant Group, CNBC, Ant International Locations: China, Asia, Latam, Europe, U.S, Alipay, Singapore, South Korea, Thailand, Japan
She loaded her carry-ons onto the conveyor belt at the security checkpoint and prepared to walk through the metal detector. “I just felt like they were searching for something.”At first, when they flagged her bags, Griner wasn’t too concerned. This was her eighth season in Russia; she paid taxes there and was familiar with the country and its laws. As soon as she felt the cannabis-oil cartridge stowed in a zippered inner pocket in her backpack, her stomach sank. Griner was told to wait while the agent took the cartridges for testing, along with her passport.
Persons: , , wasn’t, Cherelle, Griner, Lindsay Colas, Colas, Alex Boykov, Boykov, snickered, peered, “ I’ve Organizations: Moscow Locations: Moscow, Yekaterinburg, Russia, Arizona, United States, Russian
One of the Israeli officials said those returning to the north would be subject to no inspections or limitations, while the second said there would be nearly no restrictions, without elaborating. It was not clear whether Hamas would accept the most recent Israeli proposal, which is part of negotiations that the two sides are conducting indirectly through mediators from Egypt and Qatar. The cease-fire talks were a focus of Secretary of State Antony J. Blinken as he visited Israel on Wednesday. The Israeli offer, according to one of the Israeli officials, doesn’t include language that refers explicitly to an end to the fighting. On Monday, The New York Times reported that, as part of its proposal, Israel had reduced the number of hostages Hamas would need to release in the initial phase of a deal.
Persons: hadn’t, Antony J, Blinken, we’ve, ” Mr, Isaac Herzog, Benjamin Netanyahu, Israel, Netanyahu, Bezalel Smotrich, Mr, doesn’t, , , Aaron Boxerman Organizations: Hamas, The New York Times, Mr, Finance Locations: Israel, Gaza, Egypt, Qatar, Rafah
Port-au-Prince, Haiti CNN —Vitel’homme Innocent’s picture on the FBI’s “Ten Most Wanted” list of fugitives suggests a crazed man – eyes wide and wild, teeth bared. But the man on the gold sofa preferred to talk about a brighter future – one that he claims Haiti’s gangs are prepared to usher in. Abandoned cars on the road between the US Embassy and the Kraze Baryé stronghold in Port-au-Prince, Haiti, on April 28, 2024. Kraze Baryé employs around 100 men and women, according to Innocent’s lieutenant and cousin, the bleach-blond Dezod Augustin, 34. But Haiti’s gangs maintain they deserve a seat at the negotiating table.
Persons: Haiti CNN —, Innocent, Evelio Contreras, , ” Innocent, de, , Kraze Baryé, , Viv Ansanm, Ariel Henry, Henry, Kraze, “ It’s, ’ Marie, Lucie Bonhomme Opont, Pierre, Louis Opont, territoire perdue, Opont, , Jimmy Chérizier, Robin Hood, Sanjou, Dezod Augustin, Gedeon Jean, Prince, Baryé, Delmas, Antony Blinken, Haiti Dennis Hankins, Rick Barton, Haiti’s, CNN Jean, Henry’s, Jean, CNN’s Rachel Clarke Organizations: Haiti CNN, CNN, Haiti’s, Prince, de Mars, United Nations, Haitian National Police, , Kenya, Haiti’s National Police, CARICOM, US Embassy, Security, , Washington, US, UN, Fund, Federal Bureau of, State Department Locations: Prince, Haiti, Tabarre, Haiti’s, Port, balaclavas, Haitian Creole, Haitian, Nairobi, , Canada, United States, Kraze Baryé, American, France, Kenya, Bahamas, Bangladesh, Barbados, Benin, Chad, Jamaica, it’s, Atlanta
Hosts broke out bottles of expensive orange soda that they freely mixed with expensive warm beer. We could not escape drinking this any more than we could escape our government-assigned “guide,” whose job was to strictly monitor visitors like us. My students were coal mining engineers preparing to study abroad, so that they might bring back safer mining techniques. After class, my students would bring stools out to the basketball court where, each facing a different direction, they would sit and study for hours on end. Loving their country and wanting to make it strong, they were grateful for Westerners like me.
Persons: Organizations: Shandong Mining Institute Locations: Nanjing, China, Shanghai
Japan's weak currency is boosting tourism, with a record-breaking 3.1 million visitors in March. A weak currency is ensuring that it will remain that way for foreigners. The country just broke its pre-pandemic tourist record, with 3.1 million foreign visitors in March. The government said it's on track to surpass 2025's target of 32 million annual foreign visitors this year, after 8.6 million tourists visited in the first quarter of 2024. This story is available exclusively to Business Insider subscribers.
Persons: Organizations: Service, Business Locations: Japan
“I had been to various countries in the European Union on several occasions but never Italy, though it was on my list. Millet says that he began planning to travel to Italy to buy a house back in 2019, but was thwarted by Covid-19. “The prices of the houses were super-attractive, especially coming from the Los Angeles area, and the Latronico properties were for the most part in good shape. “At the end of the day, I bought my place and began thinking about renovations and the future,” he adds. Sunset cocktailsThe house Millet bought has only one bedroom but came with two large basements.
Persons: you’re Paul Millet, you’ve, Millet, , , Covid, he’d, Paul Millet, he'll, Vincenzo Castellano, Latronico, ” Millet, Vincenzo Castellano Millet, Latronico’s peacefulness, “ It’s, I’ve, “ Franca, he’s, “ That’s, Latronico’s, Castellano Organizations: CNN, European Union, Locations: Italy, Italy’s Basilicata, Los Angeles, Basilicata, Ireland, Latronico, LA, Maui
Meredith Tabbone first decided to buy and renovate a cheap home in Italy to reconnect with her family history. More than four years and nearly half a million dollars later, her 1-euro home journey has given her a new perspective on work, life, friendships and happiness. Meredith Tabbone spent roughly $475,000 on her dream home in Sambuca di Sicilia. She also bought the building next door and spent the next four years managing a local crew on the massive renovation. In all, Tabbone spent roughly $475,000 on her Italian dream home.
Persons: Meredith Tabbone, Tabbone, Sambuca di Sicilia, Mickey Todiwala, I've, She's, she's Organizations: Sambuca, CNBC Locations: Italy, Chicago, Sicilia, Sambuca, America, Sambuca di, U.S, Sicily
Venice CNN —Pope Francis has become the first pontiff to visit Venice’s contemporary art festival during a trip which saw him visit a female prison and rehabilitate the reputation of a pioneering American nun artist. Francis began his Venice trip by greeting each of the approximately 80 inmates in the prison courtyard, several of whom are involved in the exhibition. For 2024, the Venice Biennale has taken the theme “Foreigners Everywhere” and seeks to highlight artists from marginalized backgrounds. The Venice Biennale was first held in 1895 and takes place every other year, with each country having their own pavilion (the Vatican is the world’s smallest sovereign territory). For 2024, it has taken the theme “Foreigners Everywhere” and seeks to highlight artists from marginalized backgrounds.
Persons: Venice CNN — Pope Francis, Pope, Chiara Parisi, Bruno Racine, , Francis, Marco Perego, Zoe Saldaña, Saldana, ” Francis, ” Pope Francis, , Corita Kent, Kent –, Frida Kahlo, Louise Bourgeois —, ” Kent, Mary, James McIntyre, Saint Mark, Cardinal José Tolentino de Mendonça, Maurizio Cattelan, Pope John Paul II Organizations: Venice CNN, Vatican Media, Getty, Immaculate, Vatican, biennale Locations: American, Italian, Venice, Los Angeles, St, Portuguese
What it’s really like to live in Macao
  + stars: | 2024-04-25 | by ( Lilit Marcus | ) edition.cnn.com   time to read: +9 min
Macao, the Chinese special administrative region (SAR) often twinned with Hong Kong, is known as the Las Vegas of Asia. But travelers who are willing to dig in a little deeper can explore Macanese culture, which mixes Portuguese, Chinese and Southeast Asian heritages. Macao is comprised of two islands – the north one, Macao itself, and its southern neighbor Taipa. “In Asia, [people] think that Macao is full of casinos, and I think they do not understand the other parts of Macao,” says Lai. That means that they can live in Macao without a work visa and do not need a company sponsoring them.
Persons: CNN — “, , Vivian Lai, Taipa, Lai, ” Marina Fernandes, Michael Maslan, , it’s, Uber, Fernandes, Eduardo Leal, Ricardo Balocas, Balocas, Don’t Organizations: CNN, Las, Macanese Association, Bloomberg, Macao International Airport, Joseph’s University, Macao, Henley Locations: Macao, Hong Kong, Las Vegas, Asia, China, Taipa, , , Europe, Portuguese, Zhuhai, Macao’s, Singapore, Jakarta, Hanoi, Bangkok, Beijing, North America, Shenzhen, Guangzhou, Bay Area, Portugal, Macao's, Lisbon, St, Philippines, ‘ Little Lisbon, it’s
Andrew Ibrahim moved from Florida to Portugal for a better life for himself and his family. When I rented in South Florida, I rented a one-bedroom apartment that cost me about $2,600 a month. In South Florida, you have so many different options for different cultures of food. I'm enjoying the culture and values in Southern PortugalThe south of Portugal is, I'd say, 350 days a year of sunshine. AdvertisementSouthern Portugal is kind of like island living because you have so many beaches around you, so it's very similar to living in South Florida.
Persons: Andrew Ibrahim, Ibrahim, he's, , I've, I'm, it's, we've, Eve Livesey, that's, there's, Brandon Rosenblum, There's, They've Organizations: Service Locations: Florida, Portugal, Gainesville , Florida, Algarve, South Florida, Gainesville, Montreal, Faro City, United States, Southern, Southern Portugal, , Europe, Praia, Carvoeiro, Lisbon
This is an extraordinarily dangerous time for the United States and our allies. Civil libertarians argued that the surveillance bill erodes Americans’ privacy rights and pointed to examples when American citizens got entangled in investigations. The result preserves critical intelligence powers while protecting Americans’ privacy rights in our complex digital age. At the center of the debate is the Foreign Intelligence Surveillance Act. That way, the government can efficiently obtain from communication providers the calls and messages of large numbers of foreign targets — 246,073 in 2022 alone.
Persons: Israel’s unpreparedness Organizations: Foreign Intelligence, Google Locations: United States
Golden Visa Programs, Once a Boon, Lose Their Luster
  + stars: | 2024-04-21 | by ( Liz Alderman | ) www.nytimes.com   time to read: +1 min
But when she started looking at houses in the same village, almost everything was priced at more than 500,000 euros. The amount — nearly 20 times more than the average annual salary in Spain — happens to correspond to the cost of the country’s “golden visa,” a program that offers residency to wealthy foreigners who buy real estate there. “There’s nothing I can afford,” said Dr. Barba, an allergist who has been working 100 hours overtime every month to save up a nest egg. “If foreigners inflate the prices for those of us who live here, it’s an injustice,” she said. Faced with growing pressure to address its housing crunch, Spain said this month that it would scrap its golden visas, the latest in a wider withdrawal from the program by governments around Europe.
Persons: Ana Jimena Barba, Spain —, , Barba Locations: Madrid, Spain, Europe
After its midnight deadline, the Senate voted early Saturday to reauthorize a key U.S. surveillance law after divisions over whether the FBI should be restricted from using the program to search for Americans' data nearly forced the statute to lapse. The legislation approved 60-34 with bipartisan support would extend for two years the program known as Section 702 of the Foreign Intelligence Surveillance Act. "If you miss a key piece of intelligence, you may miss some event overseas or put troops in harm's way," Sen. Marco Rubio, the top Republican on the Senate Intelligence Committee, said. One of the major changes detractors had proposed centered around restricting the FBI's access to information about Americans through the program. "I think that is a risk that we cannot afford to take with the vast array of challenges our nation faces around the world," Democratic Sen. Mark Warner, chair of the Senate Intelligence Committee, said Friday.
Persons: Chuck Schumer, Alejandro Mayorkas, Joe Biden's, Jake Sullivan, Biden, Ayman al, Sen, Marco Rubio, shouldn't, General Merrick Garland, Garland, Schumer, Dick Durbin, Durbin, Democratic Sen, Mark Warner Organizations: Homeland, U.S, Capitol, Foreign Intelligence, White House, FISA, Republican, Senate Intelligence, Justice Department, United, Justice, Biden, U.S . Capitol, Democratic Locations: Washington , U.S, U.S, harm's, United States
Kate Boardman has visited 54 countries around the world and lived in 10, including the US. She's enjoyed spots like France and Bali but says people should visit underrated places like Oman. I've been to 54 countries and lived in 10, including the US. I also think spots like Cancun are super overrated; there are way cooler places to visit in Mexico. Kate Boardman/@wildkat.wandersI first lived in Guatemala in 2021, where I worked as a teacher at an international school.
Persons: Kate Boardman, She's, , I've, Boardman, It's, You've, they're, @wildkat.wanders, Kate Boardman There's, There's, you've, Earth Organizations: Service, Antigua —, United Arab Locations: France, Bali, Oman, Ecuador, Guatemala, Massachusetts, Germany, Tblisi , Georgia, Paris, London, Cancun, Mexico, Iran, Maharloo, Georgia, Tbilisi, It's, Soviet Union, Kazbegi , Georgia, Turkish, Central America, Costa Rica, Tikal, Guatemala City, Antigua, Boardman, Livingston , Guatemala, El, United Arab Emirates, Yemen, Muscat, Caribbean
The United Arab Emirates, of which Dubai is part, saw the heaviest rainfall in at least 75 years, with more than a year’s worth of precipitation in 24 hours. Abandoned vehicles on a flooded highway after a rainstorm in Dubai, United Arab Emirates on Wednesday. People stand as flood water caused by heavy rains covers the stairs of a residential building, in Dubai, United Arab Emirates on Wednesday. A man walks in flood water caused by heavy rains, with the Burj Khalifa tower visible in the background, in Dubai, United Arab Emirates, April 17, 2024. Residents move their belongings on a kayak at a flooded residential complex following heavy rainfall, in Dubai, United Arab Emirates on Thursday.
Persons: hadn’t, Christopher Pike, , Sofie, Sheikh, Avinash Babur, Amr Alfiky, Babur, Amr Alfiky Amr Alfiky, Ali Salem, , wasn’t Organizations: UAE CNN, United, United Arab Emirates, Bloomberg, Getty, Dubai Marina, CNN, , Dubai “, REUTERS, Reuters, . Schools Locations: Dubai, UAE, United Arab Emirates, Ras Al, Khaimah, Persian, United Arab, Western, lockdowns, freezers, United States, China, Burj Khalifa, Jumeirah
This as-told-to essay is based on a conversation with Mukul Lalchandani, a 44-year-old real-estate agent from New York. I decided to become a real-estate agent so I could prevent other immigrant families from going through the same situation. I've lived in New York for 23 years and have been a real-estate agent for over 15 years. One of the rules is that the seller no longer has to pay a commission to the buyer's agent. Here's what the new commission rules meanThere is a lot of confusion around the commission rule and what it means, especially for buyers.
Persons: Mukul Lalchandani, It's, I've, REBNY, they'll, towners, Sellers Organizations: Service, Business, National Association of Realtors, NAR Locations: New York, Hong Kong, NY
There is broad support in the Senate for Section 702 of the Foreign Intelligence Surveillance Act, and it will eventually be approved. We want to get FISA done as soon as we can, because it’s very important for our national security. So, both sides need to fully cooperate, if we want to get FISA done,” Schumer said on the floor. Under FISA’s Section 702, the government hoovers up massive amounts of internet and cell phone data on foreign targets. Senate Minority Leader Mitch McConnell also pressed for passage of FISA bill, which he said has a number of changes in it to address past “abuses” by the FBI.
Persons: Chuck Schumer, “ We’re, ” Schumer, Critics, Schumer, , Mitch McConnell, McConnell, Katie Bo Lillis Organizations: Washington CNN, Republicans, Foreign Intelligence, FISA, The New York Democrat, FBI, Kentucky Republican Locations: Ukraine, Israel, Taiwan
A top Dutch government minister said he's confident the country's coveted chip-equipment maker ASML will remain in the Netherlands following threats from the company to move its operations abroad. Steven van Weyenberg, the Netherlands' finance minister, told CNBC's Karen Tso on Thursday that he isn't worried by ASML's statements threatening to leave the country. The company makes extreme ultraviolet lithography (EUV) machines, which are critical to the semiconductor industry for manufacturing integrated circuits. "I think many people, many countries would love to welcome ASML, but I think they're strongly embedded in the Netherlands," Van Weyenberg told CNBC Thursday. "I'm very optimistic about ASML's future and that it will be within the Netherlands," he said.
Persons: he's, Steven van Weyenberg, Karen Tso, Peter Wennink, Van Weyenberg, ASML Organizations: CNBC Locations: Netherlands
“I saw holes on the back of his shoulder, his ribs right down till his lower back,” Imran told CNN. “He was going to work as a taxi driver or delivery boy in Russia – that process was on,” Imran said. Meanwhile, India, which has no law preventing its citizens from serving in a foreign state’s military, has acknowledged that a number of its nationals have been fighting for Russia in Ukraine. In early March, India’s Central Bureau of Investigation (CBI) said it had busted major human trafficking networks that were duping men into Russian military jobs, with 35 such cases identified. Asfran Mohammed, right, and his brother Imran are pictured with Asran's children before Asfran left for Russia.
Persons: New Delhi CNN —, Asfan Mohammed, he’d, Imran Mohammad, Vladimir Putin’s, , ” Imran, Imran, , Asfan, Putin, Allen, He’d, Asfran, Mohammed Imran, Inna Varenytsia, Bimala Rai Paudyal, I’d, who’d, Asfran Mohammed, Mohammed Imran “, I’ve Organizations: New, New Delhi CNN, CNN, Russian, , United Arab Emirates, Reuters Foreign, Kremlin, Indian Ministry, External Affairs, India’s, Bureau of Investigation, Indian Nationals, CBI, Asfan, Indian, Indian Embassy Locations: New Delhi, India, Russia, Russian, Ukraine, Hyderabad, , Australia, Moscow, Ukrainian, Kreminna, South Asia, Nepal
What to see at the Venice Biennale 2024
  + stars: | 2024-04-18 | by ( Nicole Mowbray | ) edition.cnn.com   time to read: +10 min
CNN —This week sees the opening of the Venice Biennale, an 8-month-long festival of art and culture staged every other year. For 2024 — the show’s 60th iteration — Brazilian curator Adriano Pedrosa has chosen the topic of “Foreigners Everywhere,” and announced an intention to spotlight artists from diverse and historically marginalized backgrounds. With the main event running from April 20 to November 24 2024, here’s our pick of what to see if you’re headed to Venice. “Willem de Kooning e l’Italia” — Willem de KooningThe show at Gallerie dell’Accademia will include 75 Willem de Kooning works, including "Screams of Children Come from Seagulls (Untitled XX)," 1975. Yoo Youngkuk Art FoundationThe first exhibition in Europe of one of Korea’s most influential artists, including many works never exhibited before outside Korea.
Persons: Adriano Pedrosa, , Pedrosa, , you’re, “ Willem de Kooning, Willem de Kooning, Kooning, Gallerie, Nick, Berlinde De, Abbazia, Ewa Juszkiewicz Juszkiewicz, Élisabeth Vigée Le Brun, Palazzo, Palazzo Cavanis, Ai, Peter Hujar, della, Carolina, Marcel Duchamp, Franchetti, Cindy Sherman, Louise Bourgeois, Sarah Lucas, Irving Penn, Palazzo Franchetti, Marco “, Zoe Saldana, Marco Perego, Corita, Maurizio Cattelan, Pope Francis, Inuuteq Storch, Louise Wolthers, , John Akomfrah, John Akmofrah, Yoo, Yoo Youngkuk, Stampalia, M.F, Husain, Picasso, Viktoria Bavykina, Max Gorbatskyi, Ai Weiwei Ai Weiwei, Ela Bialkowska, Ai Weiwei, Palazzo Smith, Koo Jeong, Koo, Rick Lowe, Lowe's, Lowe Organizations: CNN, Venice Biennale, Palazzo, Sun, Danish, British, Bangkok Art Biennale Foundation Locations: Venice, Italy, , Refuge, ” City, San Giorgio Maggiore, San, New York, Santa, San Marco, Marco, Giudecca, Corita Kent, American, Greenland, Europe, Korea, India, Sale, Ukraine, Continua, Bangkok, Thailand, Laos, Cambodia, Vietnam, Myanmar, Singapore, Houston
Washington CNN —A bill that reauthorizes Section 702 of the Foreign Intelligence Surveillance Act cleared a procedural hurdle on Thursday, paving the way for its passage ahead of a looming Friday night deadline when the intelligence community surveillance tool expires. The test procedural vote passed 67-32, with a combination of liberals and conservatives voting against. It’s unclear if the renewal will happen before the law lapses on Friday. Under FISA’s Section 702, the government hoovers up massive amounts of internet and cellphone data on foreign targets. The Foreign Intelligence Surveillance Court recently OK’d procedures for the program through April 2025, but if the authority lapses on Friday, it is possible that some US companies could refuse to provide the government with data under that certification.
Persons: , Chuck Schumer, Critics, Katie Bo Lillis Organizations: Washington CNN, Foreign Intelligence, FISA Locations: Ukraine
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