Month: October 2024
Overtourism isn’t the problem — it’s ‘lack of management’ by cities, says sustainable travel expert
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email Travel demand is here to stay, so cities need to transition from marketing to managing tourism to avoid problems associated with overtourism, Randy Durban, CEO of the Global Sustainable Tourism Council told CNBC’s “Squawk Box Asia” Monday. Source
Read More
China property stocks jump after Beijing proposes measures to lift troubled sector
Investor confidence in China’s real estate market appear to be boosted by the government’s promise to support the sector and some loosening of policies. But analysts say China’s high-growth property market may be a thing of the past. Getty Images | Getty Images News | Getty Images China property stocks jumped Monday after Chinese policymakers […]
Read More
China’s Ministry of Finance is taking aim at local debt problems before tackling broader economic challenges
Key Points China’s Ministry of Finance’s weekend press briefing underscored how it is focused on addressing local government debt, even though some investors were anticipating fiscal stimulus. Minister of Finance Lan Fo’an laid out four measures, starting with increasing support for local governments in resolving debt risks. “The press conference is consistent with our view […]
Read More
China launches war games around Taiwan, drawing ire from Taipei, Washington
Taiwan President Lai Ching-te gives a keynote address on national day to mark the 113th birthday of the Republic of China, Taiwan’s formal name, in Taipei, Taiwan October 10, 2024. Ann Wang | Reuters China’s military launched a new round of war games near Taiwan on Monday, saying it was a warning to the “separatist acts of Taiwan independence […]
Read More
GSTC CEO: Barcelona tourists and locals face ‘unique’ clash
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email Randy Durband, CEO of the Global Sustainable Tourism Council, talks about the anti-tourism protests in Barcelona and tried-and-true strategies authorities can implement to mitigate overtourism. Source
Read More
Singapore keeps monetary policy steady as third-quarter growth picks up
A view of Singapore’s skyline and Marina Bay. Fraser Hall | The Image Bank | Getty Images Singapore’s central bank on Monday left its monetary settings unchanged, as expected, as data showed the economy perked up in the third quarter though analysts are betting on a loosening in policy early next year to guard against external […]
Read More
Protestors in Spain told travelers to ‘go home.’ Did they listen?
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email More international tourists visited Spain this summer than ever before. And the most popular spots were the very places where protests took place this year, report CNBC’s Monica Pitrelli. Source
Read More
CNBC Daily Open: With a stagnant PPI, the Fed’s nearly at the finish line
Jerome Powell, chairman of the US Federal Reserve, during the National Association of Business Economics (NABE) annual meeting in Nashville, Tennessee, US, on Monday, Sept. 30, 2024. Seth Herald | 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 […]
Read More
Expect more protests against mass tourism in Spain, organizers say
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email Tourist arrivals to Spain increased following anti-tourism protests this year. But Barcelona organizers say protests are one step in a larger plan to reduce tourism in the city, reports CNBC’s Monica Pitrelli. Source
Read More
Delta pauses hot meal service on dozens of Detroit flights citing ‘food safety issue’ at caterer
Delta Air Lines planes are seen parked at Seattle-Tacoma International Airport on June 19, 2024 in Seattle, Washington. Kent Nishimura | Getty Images Delta Air Lines had to suspend hot meal service on more than 200 flights out of its Detroit Metropolitan Wayne County Airport hub over the past several days because of a “food […]
Read More