French and European taxi drivers clash with riot police as they attempt to disrupt rush hour traffic on the ring-road around Paris, during a demonstration against Uber, the app-based transportation network and taxi company service in Paris, France on January 26, 2016. Christophe Petit Tesson/EPA
French and European taxi drivers clash with riot police as they attempt to disrupt rush hour traffic on the ring-road around Paris, during a demonstration against Uber, the app-based transportation network and taxi company service in Paris, France on January 26, 2016. Christophe Petit Tesson/EPA
French and European taxi drivers clash with riot police as they attempt to disrupt rush hour traffic on the ring-road around Paris, during a demonstration against Uber, the app-based transportation network and taxi company service in Paris, France on January 26, 2016. Christophe Petit Tesson/EPA
French and European taxi drivers clash with riot police as they attempt to disrupt rush hour traffic on the ring-road around Paris, during a demonstration against Uber, the app-based transportation ne

‘Black Tuesday’ as France grapples with nationwide strikes


  • English
  • Arabic

Paris // Tempers flared in Paris as striking taxi drivers blocked key roads and set fire to tyres on a “Black Tuesday” which saw simultaneous strikes by air traffic controllers, civil servants, hospital workers and teachers.

Paris police fired tear gas and taxi drivers lit bonfires on a major highway amid nationwide strikes and protests over working conditions and competition from non-traditional services such as Uber.

Prime minister Manuel Valls agreed to an emergency meeting with taxi drivers, in an apparent attempt to defuse tensions.

The protests were the latest challenge to the Socialist government as it tries to modernise the economy and find France’s place in an increasingly globalised, online marketplace.

At Orly airport, one protester was injured in the leg when a shuttle bus forced its way through a blockade. Police said the bus driver was arrested.

Some 300 taxi drivers furious over competition from non-licensed private hire cabs also blocked the capital’s ring road at a key intersection in the west of the city, lighting fires and throwing smoke bombs.

“Today our survival is at stake, we are fed up of meetings and negotiations,” said Ibrahima Sylla, spokesman of the Taxis de France collective.

Nineteen protesters were arrested.

Adding to the airport chaos, one in five flights in and out of Orly as well as Paris’ main air hub, Charles de Gaulle, were cancelled because of a strike by air traffic controllers over pay and conditions.

Air France had said it would operate all of its long-haul flights and more than 80 per cent of its short- and medium-haul flights in France and elsewhere in Europe, but that “last-minute delays or cancellations cannot be ruled out”.

Budget airline EasyJet said it had cancelled 35 flights.

On the ground, police said 1,200 taxi drivers were protesting in various parts of Paris, while their colleagues also disrupted traffic in Toulouse, northern Lille and southern Marseille.

They are seeking compensation for business lost to taxi app company Uber and similar firms.

Meanwhile some 5.6 million civil servants have been called to down tools to protest against labour reforms proposed last September affecting pay and career advancement.

School teachers were striking on Tuesday for higher pay, with about a third – or 100,000 – expected to take part, according to their union, which predicts a stay-away rate of up to 45 per cent in Paris.

The striking unions – who led up to 120 demonstrations across France on what the daily Le Parisien dubbed “black Tuesday” – also claim they are protesting against job losses totalling some 150,000 since 2007 and say the hospital sector is especially in need of new jobs.

Travellers on Tuesday may also encounter roadblocks set up by a different set of protesters: farmers upset over falling prices.

The farmers’ unions are demanding that distributors and major food companies pay equitable prices for their produce and livestock.

* Agence France-Presse and Associated Press

NATIONAL%20SELECTIONS
%3Cp%3E6.00pm%3A%20Heros%20de%20Lagarde%3Cbr%3E6.35pm%3A%20City%20Walk%3Cbr%3E7.10pm%3A%20Mimi%20Kakushi%3Cbr%3E7.45pm%3A%20New%20Kingdom%3Cbr%3E8.20pm%3A%20Siskany%3Cbr%3E8.55pm%3A%20Nations%20Pride%3Cbr%3E9.30pm%3A%20Ever%20Given%3C%2Fp%3E%0A
The Brutalist

Director: Brady Corbet

Stars: Adrien Brody, Felicity Jones, Guy Pearce, Joe Alwyn

Rating: 3.5/5

David Haye record

Total fights: 32
Wins: 28
Wins by KO: 26
Losses: 4

Three ways to get a gratitude glow

By committing to at least one of these daily, you can bring more gratitude into your life, says Ong.

  • During your morning skincare routine, name five things you are thankful for about yourself.
  • As you finish your skincare routine, look yourself in the eye and speak an affirmation, such as: “I am grateful for every part of me, including my ability to take care of my skin.”
  • In the evening, take some deep breaths, notice how your skin feels, and listen for what your skin is grateful for.

Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.

Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.

Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.

Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.

“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.

Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.

From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.

Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.

BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.

Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.

Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.

“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.

Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.

“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.

“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”

The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”

The Sheikh Zayed Future Energy Prize

This year’s winners of the US$4 million Sheikh Zayed Future Energy Prize will be recognised and rewarded in Abu Dhabi on January 15 as part of Abu Dhabi Sustainable Week, which runs in the capital from January 13 to 20.

From solutions to life-changing technologies, the aim is to discover innovative breakthroughs to create a new and sustainable energy future.

WITHIN%20SAND
%3Cp%3EDirector%3A%20Moe%20Alatawi%3C%2Fp%3E%0A%3Cp%3EStarring%3A%20Ra%E2%80%99ed%20Alshammari%2C%20Adwa%20Fahd%2C%20Muhand%20Alsaleh%3C%2Fp%3E%0A%3Cp%3ERating%3A%203%2F5%3C%2Fp%3E%0A
The schedule

December 5 - 23: Shooting competition, Al Dhafra Shooting Club

December 9 - 24: Handicrafts competition, from 4pm until 10pm, Heritage Souq

December 11 - 20: Dates competition, from 4pm

December 12 - 20: Sour milk competition

December 13: Falcon beauty competition

December 14 and 20: Saluki races

December 15: Arabian horse races, from 4pm

December 16 - 19: Falconry competition

December 18: Camel milk competition, from 7.30 - 9.30 am

December 20 and 21: Sheep beauty competition, from 10am

December 22: The best herd of 30 camels

Indoor cricket in a nutshell

Indoor Cricket World Cup - Sep 16-20, Insportz, Dubai

16 Indoor cricket matches are 16 overs per side

8 There are eight players per team

There have been nine Indoor Cricket World Cups for men. Australia have won every one.

5 Five runs are deducted from the score when a wickets falls

Batsmen bat in pairs, facing four overs per partnership

Scoring In indoor cricket, runs are scored by way of both physical and bonus runs. Physical runs are scored by both batsmen completing a run from one crease to the other. Bonus runs are scored when the ball hits a net in different zones, but only when at least one physical run is score.

Zones

A Front net, behind the striker and wicketkeeper: 0 runs

B Side nets, between the striker and halfway down the pitch: 1 run

Side nets between halfway and the bowlers end: 2 runs

Back net: 4 runs on the bounce, 6 runs on the full

Indoor cricket in a nutshell

Indoor Cricket World Cup - Sep 16-20, Insportz, Dubai

16 Indoor cricket matches are 16 overs per side

8 There are eight players per team

There have been nine Indoor Cricket World Cups for men. Australia have won every one.

5 Five runs are deducted from the score when a wickets falls

Batsmen bat in pairs, facing four overs per partnership

Scoring In indoor cricket, runs are scored by way of both physical and bonus runs. Physical runs are scored by both batsmen completing a run from one crease to the other. Bonus runs are scored when the ball hits a net in different zones, but only when at least one physical run is score.

Zones

A Front net, behind the striker and wicketkeeper: 0 runs

B Side nets, between the striker and halfway down the pitch: 1 run

Side nets between halfway and the bowlers end: 2 runs

Back net: 4 runs on the bounce, 6 runs on the full