Palma in Spain’s Balearic Islands bans almost all Airbnb-style rentals

MADRID (Reuters) – Palma de Mallorca, capital of Mediterranean tourist destination the Balearic Islands, voted on Thursday to ban almost all short-term rentals of private homes like those on Airbnb, which locals say have triggered sharp rises in rental prices.

Is it time to raise interest rates? Experts debate the Brexit watch data

Two former members of Bank of England’s interest rate-setting committee discuss a potential rise
Interest rate rise clouds outlook
Brexit economy – April verdict

Senior economic adviser at the PwC consultancy and member of the Bank of England’s monetary policy committee from October 2006 to May 2011

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GM profit dips on truck changeover but beats estimates

DETROIT (Reuters) – General Motors Co on Thursday reported a higher-than-expected quarterly profit despite a drop in production of high-margin pickup trucks, as it gears up for new models that are expected to boost profits next year.

UK retail sales continue to disappoint in April

Hopes of recovery from ‘beast from the east’ dashed after fifth consecutive month of weak sales

Hopes in the high street of a bounce back from poor weather-affected trading have been dashed after the CBI reported another weak month of sales for retailers.

Related: High street sales feel chill from ‘beast from the east’

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Disney plays up local ties in China amid trade standoff

SHANGHAI (Reuters) – Shanghai Disneyland should be viewed as a local company in China, Walt Disney said on Thursday, shrugging off concerns that U.S.-China trade tensions could affect visitor numbers or import costs for the $5.5 billion theme park.