May 18, 2024
Investors

Spanish authorities arrest 9 for defrauding over $678 million

World News By Chris Harris Published April 13, 2024, 5:46 p.m. ET Nine gang members have been busted around the world for swindling over $686 million from people in 35 different countries by getting them to invest in a non-existent medicinal marijuana business. The Spanish National Police announced the arrests early Saturday in an X

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Property

Spain axes ‘golden visa’ scheme to curb property speculation

Prime Minister Pedro Sanchez on Monday announced the Spanish government’s decision to abolish the controversial “golden visa” scheme, signaling a pivotal move in curbing the rampant speculation plaguing many Spanish cities. Under this scheme, foreign investors could obtain residency in Spain by investing €500,000 in property.During his visit near Seville, Prime Minister Sanchez emphasized the

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Funds

€500B remains unspent from EU’s Covid recovery fund – POLITICO

Several countries — especially those that can borrow at low cost from financial markets — are reluctant to carry out unpopular domestic reforms in exchange for loans which they will have to eventually hand back to the Commission. An EU official said the Commission introduced stricter checks as a sop to frugal governments, mainly countries

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Crypto

Spain Suspends Worldcoin Crypto Over Privacy Concerns

Spain’s data protection agency said Wednesday it had ordered the temporary suspension of the Worldcoin crypto project that relies on an eye scan to verify a user’s identity, citing concerns about data protection. Worldcoin, set up by OpenAI chief executive Sam Altman, began operating last year and provides users with a private digital identity —

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