El Salvador plans to create a ‘Bitcoin City’ and raise $1 billion via a ‘Bitcoin Bond’

El Salvador plans to construct a “Bitcoin City” near a volcano that will be funded by the cryptocurrency, the country’s President Nayib Bukele announced Saturday.

The city will have residential and commercial areas, services, entertainment, restaurants and an airport and will be built near Conchagua volcano in south eastern El Salvador.

Big business bosses are warning that supply chain issues and inflation are here to stay

ONDON — Top executives at multiple European blue-chip companies have told CNBC that supply chain problems, labor shortages and inflationary pressures will run for longer than policymakers are expecting.