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☆ Golden visas attracted wealthy Americans to Southern Europe. Then their housing crisis followed.
▼ + stars: | 2024-05-09 | by ( Eliza Relman | ) www.businessinsider.com time to read: +8 min

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

☆ I moved from California to Portugal as a single mom of 2. Here people actually care about kids.
▼ + stars: | 2024-04-27 | by ( Hannah Nwoko | ) www.businessinsider.com time to read: +5 min

I wanted something different for my daughtersIn the US, individualism really makes it difficult to parent, especially as a single parent. I also wanted safety for all of usAs a gay woman, I wanted to live somewhere where I could have rights, community, and safety. In Portugal, children of all ages are found in restaurants at all hours with their families, and parks have kiosks for parents to enjoy drinks while their children play. There isn't an expectation for single moms to show up as if they aren't single moms. I am grateful that Portugal models other ways of being a parent: prioritizing ourselves, our children, and our time.

Persons: Aisha Canfield, I've Organizations: Service, Business, San Francisco Bay Area Locations: Portugal, San Francisco Bay

☆ Sailors have created a shared heavy metal playlist on Spotify to blast at orcas threatening their boats
▼ + stars: | 2023-11-15 | by ( Grace Eliza Goodwin | ) www.businessinsider.com time to read: +2 min

Sailors have been sharing a heavy metal Spotify playlist they made to deter orca attacks. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementSome sailors are beginning to take their ongoing battle against marauding orcas up a notch: blasting heavy metal music to try to scare away the marine mammals. Rutsch heard through the grapevine that blaring heavy metal music from underwater speakers might deter the apex predators — and the idea even came with a shared Spotify playlist, called 'Metal for Orcas,' specially curated by other sailors, The New York Times reported. Even if orcas did initially hate heavy metal, with their uncanny ability to communicate and adapt, they may have already gotten used to the rockin' tunes.

Persons: —, Florian Rutsch, Rutsch, White, orcas Organizations: Service, New York Times, Times Locations: Portugal, German, Spain, Gibraltar

☆ What it's like in Europe's popular crypto haven Portugal as the U.S. cracks down
▼ + stars: | 2023-09-09 | by ( Mackenzie Sigalos | ) www.cnbc.com time to read: +19 min

They understood the importance of self custody of bitcoin, bitcoin on bitcoin blockchain, not on other chains." Sunrise over Lisbon, Portugal Alexander Spatari | Moment | Getty ImagesThe San Francisco of EuropeA walk through Portugal's capital feels eerily similar to a stroll in San Francisco. "This makes Portugal a really attractive place for crypto users to live," explained Shehan Chandrasekera, a CPA and head of tax strategy at crypto tax software company CoinTracker.io. The only exception to the country's generous crypto scheme relates to companies registered in Portugal that deal in crypto. Cyclists photographed in Lisbon, Portugal, in October 2018.

Persons: Alexander Spatari, PORTUGAL —, maximalists, Lorenzo Primiterra, He's, Peter Pan, Primiterra, Terra Luna, bitcoin, solana, Greenfield, Portugal Alexander Spatari, Jemson Chan, Chan, CNBC Guy Young, Seb True, CNBC Seb, True, That's, it's, bitcoiners, I've, Stephen Knowles, cryptocurrencies, Shehan Chandrasekera, Katie Ananina, Ethena's Young, —, Deley, Deley doesn't, that's, Didi Taihuttu, They've, Taihuttu Organizations: Campo Pequeno, maxis, CNBC Software, CNBC, titans, Securities and Exchange Commission, British, Abril, European, CPA, Cyclists, European Union, D7, Companies, Algarve Locations: LISBON, PORTUGAL, Lisbon, Italy, Portugal, Almada, Lisboa Region, outranking New York, Berlin, Singapore, European, Sunrise, San Francisco of Europe, San Francisco, bitcoin, Europe, Crypto, U.S, Egypt, Asia, Switzerland, it's, Puerto Rico, Australia, Canada, Ghent, Belgium, cryptocurrency, Cryptocurrencies, Lisbon's, Lagos, Angeles, Algarve

☆ U.S. women’s national team coach Vlatko Andonovski resigns after early World Cup exit, AP source says
▼ + stars: | 2023-08-17 | by ( ) www.cnbc.com time to read: +1 min

U.S. women's national team coach Vlatko Andonovski has resigned, a person familiar with the decision told The Associated Press on Wednesday. The move comes less than two weeks after the Americans were knocked out of the Women's World Cup earlier than ever before. The four-time tournament champions struggled throughout the World Cup. The United States had never finished worse that third at the World Cup. The 46-year-old Andonovski was named coach of the United States in October 2019, taking over for Jill Ellis, who led the United States to back-to-back World Cup titles.

Persons: Vlatko Andonovski, Crystal Dunn, Portugal —, Jill Ellis Organizations: FIFA, New Zealand, Melbourne, women's, Associated Press, Netherlands, Sweden, U.S, United Locations: New, Sweden, Melbourne, Naarm, Australia, Vietnam, Portugal, United States

☆ A Ryanair flight was forced to divert mid-air after a drunk family argument erupted into violence, report says
▼ + stars: | 2023-08-06 | by ( Sophia Ankel | ) www.businessinsider.com time to read: +2 min

A Ryanair flight to the Canary Islands was forced to divert mid-air after a brawl broke out. But the flight had to land in Portugal as two family members were "beating each other," police said. A Ryanair flight was forced to divert mid-air on Friday after a family fallout erupted into violence, officials said. The violent argument forced the pilot to divert the plane mid-air and make an emergency landing in Faro, Portugal — which is around 900 miles away, police said. It is unclear what their argument was about, though police confirmed they were both members of the same family.

Organizations: Ryanair, Canarian, Scottish Sun, Gran Canaria Locations: Portugal, Edinburgh, Scotland, Canary, Faro, Gran

☆ The 'Bitcoin Family' has a special algorithm that tracks moon cycles — and it's helped them gain 50% since the bear market bottom
▼ + stars: | 2023-07-11 | by ( Mackenzie Sigalos | ) www.cnbc.com time to read: +13 min

Didi Taihuttu in Lagos, Portugal MacKenzie SigalosTaihuttu's indicator considers a mix of inputs, including directional trading data and moon cycles. Moving Average Convergence Divergence (MACD) compares two moving averages of a cryptocurrency's price by subtracting the 26-period exponential moving average (EMA) from the 12-period EMA. When the 50-day moving average crosses below a falling 200-day moving average, it is known as the Death Cross , signaling a bear market may be imminent. When the 50-day moving average crosses below a falling 200-day moving average, it is known as the , signaling a bear market may be imminent. Price chart showing the 'Didi BAM BAM' market indicator Didi TaihuttuAnd then there are the intangible price influencers — like moon phases.

Persons: Thailand Didi Taihuttu LAGOS, Didi Taihuttu, Portugal MacKenzie Sigalos Taihuttu's, Bitcoin, Taihuttu, DAI —, Didi, Portugal MacKenzie, Portugal —, Portugal Didi Taihuttu, Mayer, It's, Price, —, I'm, Didi Bam Bam, Thailand Didi, ChatGPT, Goldman Sachs, Marco Argenti, Goldman, Louisa, David Solomon, Morgan Stanley, Morgan, Jeff McMillan, — CNBC's Ryan Browne Organizations: CNBC, Didi BAM, BAM, Bollinger Bands, Bollinger, Lightning Networks Locations: Phuket, Thailand, PORTUGAL, Lagos, Algarve, Taihuttu, bitcoin, Portugal, cryptocurrency, ChatGPT

☆ This 52-year-old early retiree left the U.S. for Portugal—a look at his typical weekend: 'I spend less than $40'
▼ + stars: | 2023-02-11 | by ( Alex Trias | ) www.cnbc.com time to read: +4 min

On weekends when I'm out and about, I spend less than $40 a day:Start the day with coffee and breakfastPrice per person: $6.31 Lisbon is paradise for breakfast lovers. Take a train to the seashore and rent bikesPrice per person: $11.34 A one-hour train ride from Lisbon's historic Cais do Sodré station to the fishing village of Cascais costs $4.92 (round trip). We like to stop by on weekends, and it is conveniently located on the train ride back from Cascais. Our daughter loves bargain hunting at the Feira da Ladra, a popular flea market located within the Alfama district of Lisbon. Photo: Alex TriasI also enjoy the weekend flea market in Principé Real, where you'll find plenty of delicious artisanal honey, cheese and cured sausages.

☆ A woman who moved to Portugal halved her monthly expenses but laid out some expected costs and stresses of moving abroad
▼ + stars: | 2022-12-25 | by ( Jordan Pandy | ) www.businessinsider.com time to read: +6 min

She and her husband moved with their son to Portugal in October to lower their cost of living. Frances Bo Cordova, 32, her husband, and her four-year-old son left the Bay Area for Porto, Portugal in October. "The D7 process is definitely not for the faint of heart," she said. Porto, Portugal, where Cordova and her family moved. But because the visa process takes months, she had to pay the $1,000/month rent on the apartment for several months before even stepping foot in the country.

☆ Morocco faces France in politically charged World Cup semifinal
▼ + stars: | 2022-12-14 | by ( Associated Press | ) www.nbcnews.com time to read: +1 min

For the 26-year-old English teacher in Morocco’s capital, and many of her countrymen both inside the North African nation and throughout the diaspora, it’s about to get more complicated. Next up is France: The defending champion and Morocco’s former colonial ruler for much of the first half of the 20th century. Wednesday’s match has political and emotional resonance for both nations. It dredges up everything that’s complex about the relationship in which France still wields considerable economic, political and cultural influence. “Especially since France is next to beat.”“We can show the rest of the world that Morocco is no longer France’s backyard.”

David Beckham, England — World Cup (1998, 2002 and 2006)Nate: The uncontainable aura of a man who transcended the sport and captured the world’s eyes. Eusebio, Portugal — (World Cup 1966)Nate: Rising high by the crowd that carries him; adored by Benfica, adored by Portugal, adored by the whole world. Zlatan Ibrahimović , Sweden (World Cup, 2002 and 2006)Nate: An ever present mythos … seemingly reversing time whilst being a journeyman through it. Lionel Messi, Argentina — (World Cup, 2006, 2010, 2014 and 2018)Nate: Ladies and gentlemen … It’s Lionel Messi. Socrates, Brazil — (World Cup, 1982 and 1986)Nate: Philosopher by name … glory that belongs in the Colosseum.

☆ 'We will see spectacular failures': CEOs and investors on what the end of cheap money means for tech
▼ + stars: | 2022-11-15 | by ( Ryan Browne | ) www.cnbc.com time to read: +4 min

Horacio Villalobos | Getty ImagesLISBON, Portugal — Once high-flying tech unicorns are now having their wings clipped as the era of easy money comes to an end. Rising cost of capitalPrivate tech company valuations are under immense pressure amid rising interest rates, high inflation and the prospect of a global economic downturn. "What we've seen in the last few years was a cost of money that was 0," Pousaz said. Pousaz said investors are yet to find a "floor" for determining how much the cost of capital will rise. 'An entire industry got ahead of its skis'A common topic of conversation at Web Summit was the relentless wave of layoffs hitting major tech companies.

☆ 'Vaccination-style' intervention needed to solve energy crisis, UK energy boss says
▼ + stars: | 2022-11-14 | by ( Ryan Browne | ) www.cnbc.com time to read: +2 min

Gas prices have soared to record levels over the last year as higher global demand has been intensified in Europe. LISBON, Portugal — The U.K. should embark on a "vaccination-style" effort to address surging energy prices and prevent future energy crises from happening, according to the boss of gas and electricity supplier Ovo Energy. That's even after a cap on consumer energy bills was imposed by the government in early September. Between July 2021 and May 2022, 29 U.K. energy suppliers — including Bulb, once the seventh-biggest — have collapsed. After a deal to acquire the retail arm of Scottish firm SSE Energy , Ovo became the second-largest supplier of energy to households in the U.K.

☆ Ukraine looks to technology to help rebuild its economy amid Russia’s onslaught
▼ + stars: | 2022-11-07 | by ( Ryan Browne | ) www.cnbc.com time to read: +7 min

An attendee passes by the Ukraine stand at the Web Summit 2022 tech conference in Lisbon, Portugal. Ukraine had a notable presence at Web Summit, where it sought support from the global tech community to bolster its fight against Russia. In 2021, Ukraine had a small booth at Web Summit, Krasovsky said. Ukraine Vice Prime Minister Mykhailo Fedorov (right) and First Lady Olena Zelenska (center) attend the Ukraine booth at Web Summit 2022. SID Venture Partners, a venture fund set up by Sigma and fellow Ukrainian tech firms Ideasoft and Datrics, has so far invested in 10 startups with Ukrainian founders, Krasovsky said.

☆ Web inventor Tim Berners-Lee wants us to 'ignore' Web3: 'Web3 is not the web at all'
▼ + stars: | 2022-11-04 | by ( Ryan Browne | ) www.cnbc.com time to read: +3 min

It involves a few technologies, including blockchain, cryptocurrencies and nonfungible tokens. Personal data stores have to be fast, cheap and private." "Ignore the Web3 stuff, random Web3 that was built on blockchain," he added. Berners-Lee said people too often conflate Web3 with "Web 3.0," his own proposal for reshaping the internet. "The result was a big data race where the winner was the one corporation that controlled the most data and the losers were everybody else," he said.

☆ Ark's Cathie Wood is betting Elon Musk will turn Twitter into a 'super app'
▼ + stars: | 2022-11-02 | by ( Ryan Browne | ) www.cnbc.com time to read: +1 min

LISBON, Portugal — Ark Invest founder Cathie Wood thinks Elon Musk might be onto something with his vision for Twitter. "He's thinking about a super app like WeChat Pay," Wood said at the Web Summit technology conference in Lisbon, Portugal, Wednesday. Wood was referring to the digital payments service of Chinese messaging app WeChat. Tesla CEO Musk has already hinted at plans to make Twitter a super app. "He and [Twitter co-founder] Jack Dorsey working together, I think, could turn this into a super app."

☆ Binance CEO was in the dark about Musk's Twitter U-turn: 'It's very hard to predict what Elon will do next'
▼ + stars: | 2022-11-02 | by ( Ryan Browne | ) www.cnbc.com time to read: +3 min

Co-founder and CEO of Binance, Changpeng Zhao, speaks on stage during the opening night of Web Summit 2022. "It's very hard to predict what Elon will do next," Zhao, who goes by "CZ" online, told the audience on the opening night of Web Summit Tuesday. Binance, the world's largest crypto exchange, is now one of Twitter's equity backers, kicking in $500 million to help Musk buy the company. LISBON, Portugal — The boss of crypto exchange Binance says he wasn't privy to Elon Musk's thinking when the billionaire backed away from, and then revived, his takeover of Twitter. The protracted saga over Musk's purchase of Twitter drew to a close last month when Musk agreed to a final deal with the company.

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