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Daily Digest 10/20 — Facebook Doubles Down on “Metaverse”; More Bad News for Chinese Real Estate

October 21, 2021
Source: peakprosperity.com peakprosperity.com
News Snapshot:
Economy China property: Default risks for other developers, PBOC on Evergrande All eyes will be on Chinese real estate developer Sinic Holdings, which warned last week it’s not likely to repay offshore bonds worth $250 million due on Monday. On Friday, another developer, China Properties Group, said it had defaulted on $226 million worth of notes. Bitcoin closed in on a record high after a US bitcoin ETF started trading Bitcoin prices climbed toward a record high after the first US exchange-traded fund for the digital asset started trading. Environment Facebook to create 10,000 jobs in EU to help build...
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Tags: bank | bitcoin | blockchain | brand | bus | Business | car | China | Chinese | Covid-19 | developer | digital | drugs | Economy | electric vehicle | ETF | Facebook | fintech | Foxconn | medicine | New York | real estate | social media | technology | World Health Organization

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