Oil Prices Hold Steady as U.S.-Iran Conflict and Houthi Blockade Keep Markets on Edge 
Trump Criticizes ABC, NBC and CNN for Limiting Coverage of Election Speech 
GameStop Raises eBay Stake to 9.8% as Ryan Cohen Pushes $56 Billion Takeover Bid 
Brent Oil Jumps 16% for Best Week Since April as US-Iran Conflict Fuels Supply Fears 
SpaceX Aborts Starship Test Flight as Engine Issue Delays Launch 
DeepSeek Eyes $74 Billion Valuation Ahead of Planned China IPO 
Seven & i Eyes Żabka Stake in Major European Expansion Push 
Samsung Cuts U.S. Consumer Electronics Jobs as Headquarters Moves to Texas 
China Holds Loan Prime Rates Steady for 14th Month as Economic Recovery Remains Uneven 
Gold Climbs Above $4,000 as Middle East Tensions and Fed Outlook Drive Safe-Haven Demand 
Gold Prices Slip Near $4,000 as U.S.-Iran Conflict Fuels Inflation Fears 
Malaysia Q2 Economy Grows 5.8%, Beating Forecasts on Strong Tech Exports and Domestic Demand 
Mikron H1 2026 Sales Fall 5.9% as Automation Weakness Weighs on Profit 
Volvo Cars Q2 Profit Falls as Automaker Bets on EX60 EV to Drive Recovery 
US Stock Futures Hold Steady as Tesla, Alphabet Earnings and Iran Conflict Dominate Market Focus 
KB Securities Explains Why KOSPI Is Falling Despite Strong Samsung, SK Hynix Earnings 
KPMG Australia Appoints John Sams as CEO Following Audit Leak Scandal 
Airbnb, an American company that operates an online marketplace for lodging, mainly homestays for vacation rentals and tourism activities, announced on Tuesday, June 28, that it has permanently banned the holding of parties and events at its rental properties.
As per Fox Business, Airbnb is also putting an end to its large occupancy cap. The company said that the ban is effective for all of the properties around the world.
In its announcement, Airbnb said it officially codifies the temporary party ban that it imposed on unauthorized house parties more than two years ago. The San Francisco, California-headquartered firm explained that it finds the ban effective. Thus, it decided to make the rule permanent.
Airbnb first placed the ban that was in effect "until further notice" after house rental guests started to engage in "partying behavior" at the time when clubs and bars were closed down due to the COVID-19 pandemic. In other words, some people that have rented homes through Airbnb have turned the place into "clubs," which created lots of noise and probably damaged properties as well.
The company said that these gatherings were not just rowdy but also opened the risk for the virus to spread. Apart from the prohibition on parties and events, Airbnb also announced it has capped all occupancies at 16 to help prevent the spread of COVID-19 by avoiding large gatherings of people.
"Disruptive parties and events will continue to be prohibited, including open-invite gatherings. 'Party house' properties will continue to be strictly prohibited as well," Airbnb stated in a blog post. "The policy will continue to include serious consequences for guests who attempt to violate these rules, varying from account suspension to full removal from the platform."
The company further revealed that "In 2021, over 6,600 guests were suspended from Airbnb for attempting to violate our party ban. In these cases, we also work to support our Hosts with property damage protection via AirCover for Hosts."
Finally, the vacation rental firm also said it is offering property damage protection for all hosts via AirCover. The ban is in immediately in effect, so renters should be aware of this prior to the bookings.
