Paris asks court to fine Airbnb over unregistered listings

Updated 12 April 2018
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Paris asks court to fine Airbnb over unregistered listings

PARIS: The municipality of Paris has asked a French court to urgently fine Airbnb and two other small companies for unauthorized short-term letting, said an official with the city’s administration.

A hearing at a Paris court is scheduled for June 12.

Founded in 2008 in San Francisco, Airbnb matches people wishing to rent out all or part of their homes to temporary guests, via a website.

Ian Brossat, deputy mayor of Paris in charge of housing, told Le Parisien newspaper that Airbnb and other competitors had failed to take down listings lacking official registration numbers.

The registration number, he said, helps ensure the companies do not rent out properties for more than the 120 nights a year allowed.

Brossat said the municipality had asked for fines ranging from €1,000- €5,000 per day and per advertisement.

Officials with Airbnb were not immediately available for comment.

Earlier this month, a Singapore court fined two Airbnb hosts a total of $45,800 each for unauthorized short-term letting.

Several cities throughout the world have expressed concerns that platforms such as Airbnb might stand as unfair competitors to hotels.

France is Airbnb’s second-largest market after the US. Paris, one of the most visited cities in the world, is its biggest single market, with around 65,000 homes listed.


DP World announces new leadership appointments

Updated 16 sec ago
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DP World announces new leadership appointments

DUBAI: DP World announced the appointment of Essa Kazim as Chairman of its Board of Directors and the appointment of Yuvraj Narayan as Group Chief Executive Officer.

Essa Kazim currently serves as Governor of the Dubai International Financial Centre and Chairman of Borse Dubai. He brings extensive experience in financial and economic affairs, having previously held senior leadership positions in several national institutions.

Yuvraj Narayan has extensive professional experience in financial management, corporate finance, supply chains, and global trade. Since joining DP World in 2004, he has led a number of strategic and transformational initiatives that supported the company’s expansion across international markets and strengthened its role as an integrated global provider of end-to-end supply chain solutions.

Narayan has served as Group Chief Financial Officer since 2005, contributing to the company’s financial resilience and operational efficiency.

DP World affirmed that the new appointments support its strategy for sustainable growth and reinforce its role in strengthening global supply chains and supporting Dubai’s position as a leading hub for trade and logistics.