Getty Images Thousands of protesters took to the streets in the Canary Islands complaining of over-tourism The Spanish government has called for the removal of the listings of nearly 66,000 properties on rental platform Airbnb on the grounds that they breach regulations for tourist accommodation. The clampdown comes as protests against over-tourism have begun ahead…
The European Union has identified seven countries it considers safe countries of origin, as part of proposals to speed up asylum applications, especially from those countries involved. Citizens from Kosovo, Bangladesh, Colombia, Egypt, India, Morocco and Tunisia would all have their claims fast-tracked within three months on the assumption that they were likely to fail….
President Donald Trump Saul Loeb | AFP | Getty Images Investors who followed President Donald Trump’s blunt advice to buy stocks on Wednesday morning received a windfall when the president hours later rolled back some of his market-ruining tariffs. At 9:37 a.m. ET, just minutes after the opening bell, Trump posted on Truth Social that…
Short-term rentals in Hakuba, Japan on average, bring in over $60,000 annually, according to new data by AirDNA. Oscar Wong | Moment | Getty Images Starting a short-term rental business can be very lucrative if done correctly. One of the biggest initial hurdles is picking the right market to purchase a property, which can play…
Luxury handbags have outperformed other collectibles in recent years and are increasingly viewed as a potential investment category in the eyes of consumers and analysts, at least according to some recent reports. For the first time, the value proposition of designer handbags from top brands, such as Hermes, Chanel, Goyard and Louis Vuitton are growing…
China is poised for economic stimulus and major structural changes that will set corporates up for strong returns, according to Andrew Swan, head of Asia equities at Man Group. “The sentiment around the China market obviously has been pretty poor, not just recently, but for some time now. I think investors are ignoring some of…
A leading EU official has denied taking a softer approach to Big Tech, citing a “very clear legal basis” for regulators and pointing to several ongoing investigations into the likes of social media platform X and Meta. The FT reported earlier this week that the EU was reassessing investigations into Apple, Google and Meta —…
General Muhoozi Kainerugaba, the son of Uganda’s President Yoweri Museveni, has reactivated his X account barely a week after he quit the social media platform, citing renewed focus on his military duties. “I’m back!” Gen Kainerugaba posted on his verified account @mkainerugaba that has quickly amassed hundreds of followers. He came back in his characteristic…
Chora Media/Reuters Cecilia Sala (L) was welcomed home to Rome by Italy’s prime minister who took personal charge of her case An Italian journalist has returned to Rome after spending weeks in an Iranian jail. Cecilia Sala, 29, was arrested on 19 December, three days after an Iranian engineer was detained by Italian authorities in…
A tip jar at a cafe in the Brooklyn borough of New York, U.S., on Friday, Aug. 23, 2024. Yuki Iwamura | Bloomberg | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where…
