Venezuelan oil exports drop sharply after U.S. tanker seizure
Venezuela’s oil shipments have plunged following the United States’ seizure of a tanker earlier this week....
Despite government efforts to curb short-term tourist rentals amid a housing crisis, Spain has seen a 25% surge in such accommodations over the past two years, outpacing hotel growth and fueling public backlash over rising living costs.
Short-term tourist rentals in Spain have surged by 25% over the past two years, according to a study by tourism industry group Exceltur, despite efforts by local governments to curb their growth amid a worsening housing crisis. The study reveals that tourist accommodation is expanding at an above-average rate in many of Spain’s top 50 destinations, which together accounted for half of all international tourist arrivals in 2024.
In contrast, the number of hotel rooms increased by just 2% between 2022 and 2024, based on data from registered tourist accommodations and listings analyzed by Exceltur. This sharp growth in short-term rentals has intensified public pressure, with residents blaming mass tourism for rising rental and property prices.
To combat the strain on housing, Spanish authorities are introducing stricter regulations to shift property use toward long-term rentals. The Bank of Spain estimates a nationwide shortfall of 450,000 homes. In response, cities like Barcelona have banned new short-term rental permits by 2028, while Madrid, Malaga, and the Canary Islands are limiting new authorizations.
Just last week, the Spanish government ordered Airbnb to remove over 65,000 listings it said were in violation of current regulations. Airbnb has stated it plans to appeal the decision. However, Exceltur’s vice president, Oscar Perelli, pointed out that enforcement remains weak, as traditional inspections have failed to keep up with the scale of listings.
Madrid saw a 49% increase in tourist rentals between 2022 and 2024, now representing 38% of the city’s 176,702 tourist beds. Malaga experienced a 36% rise, with short-term rentals now making up 56% of its visitor accommodations. Even in Barcelona, where a moratorium on new permits has been in place for years, short-term rentals have still grown by 26%.
Spain remains the world’s second most visited country after France, with 25.6 million international tourists arriving in the first four months of 2025—an increase of 7% year-on-year.
Japan has lifted a tsunami advisory issued after an earthquake with a magnitude of 6.9 hit the country's northeastern region on Friday (12 December), the Japan Meteorological Agency (JMA) said. The JMA had earlier put the earthquake's preliminary magnitude at 6.7.
The United States issued new sanctions targeting Venezuela on Thursday, imposing curbs on three nephews of President Nicolas Maduro's wife, as well as six crude oil tankers and shipping companies linked to them, as Washington ramps up pressure on Caracas.
Iran is preparing to host a multilateral regional meeting next week in a bid to mediate between Afghanistan and Pakistan.
Kyiv has escalated its naval campaign against Moscow’s economic lifelines, claiming a successful strike on a vessel suspected of skirting international sanctions within the Black Sea.
An extratropical cyclone has caused widespread disruption across Brazil’s São Paulo state, with powerful winds toppling trees and power lines, blocking streets and leaving large parts of the region without electricity.
Türkiye’s Trade Minister Omer Bolat said Friday that discussions in Washington with U.S. officials have strengthened efforts to expand bilateral trade, moving closer to a $100 billion target.
Türkiye’s President Recep Tayyip Erdoğan and Pakistani Prime Minister Shahbaz Sharif held talks on Friday during the International Peace and Trust Forum in Ashgabat, Turkmenistan, focusing on bilateral relations as well as regional and global issues
Hungary has strongly criticised NATO Secretary-General Mark Rutte’s warning that Russia could be capable of attacking the alliance within five years, with Foreign Minister Péter Szijjártó describing the remarks as irresponsible and dangerous.
Thailand and Cambodia have agreed to halt all shooting from Friday evening following renewed fighting along their shared border, U.S. President Donald Trump said on Friday.
China’s Ministry of Commerce announced on Friday that it will introduce a licensing system for steel exports starting in 2026, covering around 300 steel products.
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