Municipality workers remove graffiti from the Republique Statue in Paris – which became the focal point of mourning following attacks in the French capital – on August 8, 2016. Michel Euler/AP Photo
Municipality workers remove graffiti from the Republique Statue in Paris – which became the focal point of mourning following attacks in the French capital – on August 8, 2016. Michel Euler/AP Photo

Empty tables at tourist spots as France loses some of its joie de vivre



NICE // Jean-Michel reflects on the rare sight of empty tables at his seafront cafe on the French Riviera in high season and allows himself a philosophical sigh.

“We are not a business of need, but one of pleasure,” he says. “If they’re just thirsty, they can buy a drink from a shop. Our customers come to relax, look out to the sea or gaze at other tourists going by. And too many people don’t feel that happiness just now.”

For all the spirit of defiance displayed during the recent wave of terrorist attacks, France has lost some of its celebrated joie de vivre.

The beaches are still crowded and on the Cote d’Azur, as in Paris, people are determined to enjoy the summer sunshine.

But tourism numbers are down. A government minister has confirmed there were 10 per cent fewer overnight stays by foreigners in June and July than in the same period last year. Although 2015 was a record year for French tourism, with 85 million international visitors, when the last of the holidaymakers have gone home at the end of this summer, the providers of accommodation, dining out and attractions may be seriously out of pocket.

Even the national obsession with totting up motorway congestion on the busiest weekend of the summer showed the length of traffic jams down from a cumulative 1,000 kilometres in 2014, to under 700km on the equivalent day this year.

Along the Mediterranean coastline from Monaco and the Italian border to Marseille, emotions remain raw after the horror of Bastille Day, when a Tunisian delivery driver used a 19-tonne hired lorry as a lethal weapon on the Promenade des Anglais in Nice.

It hardly helps that each week brings some new development in the fight against terror. Since the carnage on July 14, a Catholic priest has been murdered in his Normandy church, there have been arrests of other suspected extremists and the Nice death count has risen to 85 from an initial toll of 84.

The French government has identified more than 60 big festivals and other events that will go ahead only if they pass extensive security reviews.

The “braderie” in Lille, Europe’s largest flea market held on the first weekend of every September in the northern city, is the most prominent casualty so far. Its cancellation will have a severe effect on the economy of France’s fourth-largest city, given the massive crowds – 2.5 million last year – it always attracts.

Mayor Martine Aubry spoke sadly of “risks we cannot reduce” and many Lille residents accept the decision as unavoidable. But there is dissent. “The tourist season is already not great,” one 19-year-old man, identified as Bad, told France 3 television. “Now we’re sacrificing our September festival for fear of a band of cretins.”

The town council in one Riviera resort, Le Lavandou near Saint-Tropez, has banned the open-air services on the seafront that had become a feature of Sunday mornings in summer months.

With political leaders regularly referring to being “at war”, and soldiers patrolling locations where crowds gather, the wariness is not surprising. Eric Lecornu, who lives in Saint-Etienne-du-Rouvray, the Normandy town south of Rouen where the priest was killed, says he used to call his son in Paris to check he was safe. “Now it is him calling me, ‘Dad are you OK?’. You never know, it can happen anywhere.”

French Muslims are doubly affected. Already terrified of being caught up in an attack – a Muslim died in the Charlie Hebdo killings and more in the Paris and Nice massacres – they have to endure unjust suspicion from others.

But many in France are triumphing above natural fear. Mohamed Henni, a Muslim in Marseille, posted a video clip denouncing ISIL in expletive-filled terms. Others in France mock the terrorist organisation on Twitter.

This reluctance to allow terrorism to disrupt life is exemplified by Anthony Brown, a long-term British resident of Paris married to a Frenchwoman.

“Yes, we are a little more anxious and my wife is aware of the risk on her commute. But we at least try not to let it stop us doing what we want,” he said. “My daughter came back from university in England and made a point of going to all the sorts of places that were attacked on November 13.”

And similarly, when Benoit, a Parisian businessman, was asked if he had changed his habits, lost his zest for life or begun avoiding certain locations, he replied: “No, no and no. But it can be hard work and we need to take care of one another.”

Pierre Nadir, a travel specialist, told Le Journal du Dimanche newspaper that terrorism offers only one explanation for the reduction in foreign visitors. "The taxi-drivers' protests in January [over unregulated competition], then demonstrations against new employment laws and train and refuse-collection strikes during Euro 2016 tarnished France's image."

And the effects of social discontent are felt by the French, too.

“Terrorism is obviously important, “ says Jean-Michel, left to contemplate the likelihood of a poor season at his cafe. “But even without it, France’s problems mean people just don’t have the feel-good factor.”

foreign.desk@thenational.ae

* Additional reporting Agence France-Presse

The burning issue

The internal combustion engine is facing a watershed moment – major manufacturer Volvo is to stop producing petroleum-powered vehicles by 2021 and countries in Europe, including the UK, have vowed to ban their sale before 2040. The National takes a look at the story of one of the most successful technologies of the last 100 years and how it has impacted life in the UAE.

Read part three: the age of the electric vehicle begins

Read part two: how climate change drove the race for an alternative 

Read part one: how cars came to the UAE

At a glance

Global events: Much of the UK’s economic woes were blamed on “increased global uncertainty”, which can be interpreted as the economic impact of the Ukraine war and the uncertainty over Donald Trump’s tariffs.

 

Growth forecasts: Cut for 2025 from 2 per cent to 1 per cent. The OBR watchdog also estimated inflation will average 3.2 per cent this year

 

Welfare: Universal credit health element cut by 50 per cent and frozen for new claimants, building on cuts to the disability and incapacity bill set out earlier this month

 

Spending cuts: Overall day-to day-spending across government cut by £6.1bn in 2029-30 

 

Tax evasion: Steps to crack down on tax evasion to raise “£6.5bn per year” for the public purse

 

Defence: New high-tech weaponry, upgrading HM Naval Base in Portsmouth

 

Housing: Housebuilding to reach its highest in 40 years, with planning reforms helping generate an extra £3.4bn for public finances

Dust and sand storms compared

Sand storm

  • Particle size: Larger, heavier sand grains
  • Visibility: Often dramatic with thick "walls" of sand
  • Duration: Short-lived, typically localised
  • Travel distance: Limited 
  • Source: Open desert areas with strong winds

Dust storm

  • Particle size: Much finer, lightweight particles
  • Visibility: Hazy skies but less intense
  • Duration: Can linger for days
  • Travel distance: Long-range, up to thousands of kilometres
  • Source: Can be carried from distant regions

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.”

Small Victories: The True Story of Faith No More by Adrian Harte
Jawbone Press

'Midnights'
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What is hepatitis?

Hepatitis is an inflammation of the liver, which can lead to fibrosis (scarring), cirrhosis or liver cancer.

There are 5 main hepatitis viruses, referred to as types A, B, C, D and E.

Hepatitis C is mostly transmitted through exposure to infective blood. This can occur through blood transfusions, contaminated injections during medical procedures, and through injecting drugs. Sexual transmission is also possible, but is much less common.

People infected with hepatitis C experience few or no symptoms, meaning they can live with the virus for years without being diagnosed. This delay in treatment can increase the risk of significant liver damage.

There are an estimated 170 million carriers of Hepatitis C around the world.

The virus causes approximately 399,000 fatalities each year worldwide, according to WHO.