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Search resuls for: "Gaelle Legrand"


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☆ How China's property bubble burst
  + stars: | 2024-02-29 | by ( Gaelle Legrand | ) www.cnbc.com   time to read: +1 min
Since China's economic liberalization in the 1970s and housing reforms in the late 1980s, locals have flocked to properties as the investment vehicle of choice over alternatives such as the stock market. The property and construction boom helped fuel China's – and the world's – economic growth for 30 years. By some estimates, property in China was worth $60 trillion at its peak, making it the biggest asset class in the world. But the country's property crisis has deeper roots than speculation and uncontrollable debt. Watch the video to find out how China's property bubble burst.
Persons: wasn't Locations: China, Beijing
☆ What is the World Economic Forum?
  + stars: | 2024-01-15 | by ( Gaelle Legrand | ) www.cnbc.com   time to read: 1 min
The World Economic Forum is famous for its annual week-long meeting in Davos, Switzerland — so much so, that "WEF" and "Davos" have pretty much become synonymous. Once the meetings are over, WEF packs up and returns to its headquarters 267 miles away in the suburbs of Geneva. Based there are around 600 of the international non-profit organization's more than 800 employees. Its says its mission is "improving the state of the world." Watch our video to learn more about the organization behind one of the world's most high-profile gatherings.
Persons: WEF Locations: Davos, Switzerland, Geneva
☆ Russia's relationship with Israel, in 60 seconds
  + stars: | 2023-11-16 | by ( Gaelle Legrand | ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailRussia's relationship with Israel, in 60 secondsRussia is turning increasingly hostile toward Israel. But what has been their relationship over the past 75 years and how has it changed?
Locations: Israel, Russia
☆ The Airbnb effect: why second homes have become so divisive
  + stars: | 2023-08-15 | by ( Gaelle Legrand | ) www.cnbc.com   time to read: +1 min
In the Italian city of Venice, the number of beds dedicated to tourists is now almost on par with the number of beds allocated to residents. An electronic counter installed by activists in the city tracking this number illustrates the ever-growing demand for short-term rentals, popularized by the home-sharing platform Airbnb, which is now as popular as hotels. The short-term rental market is projected to be worth $228.9 billion in 2030, boosted by the rise of commercial operators. But as the housing crisis deepens worldwide due to land and labor shortages, residents are questioning the impact of Airbnbs and second homes locally. So what is the economic impact of Airbnb and short-term rentals?
Persons: Dario Nardella Organizations: CNBC Locations: Italian, Venice, Florence
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