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French lawmakers back bill to tighten Airbnb regulation
French lawmakers back bill to tighten Airbnb regulation
Business and Economy
by  AFP

French lawmakers on Thursday backed a bill aimed at increasing the regulation of tourist accommodation such as Airbnb to combat the shortage of affordable housing. The legislation, which has been in the works since April 2023, aims to slash tax breaks for tourist properties in a bid to curb short-term rentals amid shortages of affordable housing.

Nissan announces 9,000 job cuts, slashes sales forecast
Nissan announces 9,000 job cuts, slashes sales forecast
Business and Economy
by  AFP

Japanese automaker Nissan on Thursday announced 9,000 job cuts as it slashed its annual sales forecast, saying it was taking urgent measures to tackle "a severe situation". "Facing a severe situation, Nissan is taking urgent measures to turnaround its performance and create a leaner, more resilient business capable of swiftly adapting to changes in the market," a company statement said.