Women march with balloons during a rally of the Women's Yellow Vest protest movement near Place de la Bastille in Paris. AFP
Women march with balloons during a rally of the Women's Yellow Vest protest movement near Place de la Bastille in Paris. AFP

French women reclaim 'yellow vest' protests with peaceful demonstration



Hundreds of women marched through Paris on Sunday to reclaim France's "yellow vest" movement from violent activists, a day after protesters smashed their way into a government ministry.

The women, wearing yellow vests, turned out after 50,000 people returned to the streets of France on Saturday amid violent clashes with police.

Some of the women waved yellow balloons and pushed prams. Protests were also held in other French cities.

"All the media ever reports is the violence, and we are forgetting the root of the problem" which is the fight against austerity, said one protester, Karen, a 42-year-old nurse from Marseille.

The women sang the "Marseillaise", France's national anthem, as they gathered on the steps of the city's opera house at Bastille before marching through nearby streets.

The women's demonstrations came as Economy Minister Bruno Le Maire called for an end to the "yellow vest" unrest, saying "those who believe in democracy" should now say "that's enough", he told Europe 1 radio.

There were also women's demonstrations in Caen, north-western France, and Montceau-les-Mines, central-eastern France. In the south-western city of Toulouse, 300 women took to the streets shouting: "Macron your goose is cooked, the chicks are in the street."

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Read more:

Upbeat Macron vows to do better amid 'yellow vests' protests

Damage to French economy mounts as 'yellow-vest' protests continue

Macron’s ratings fall further after month of protests

France's 'yellow vest' protests decline on fifth weekend

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The "yellow vest" protest movement, which has now seen protests on eight consecutive Saturdays, was triggered by anger over an increase in fuel taxes.

But it has since morphed into a campaign against the high cost of living and the government of President Emmanuel Macron, seen by many as arrogant and too beholden to big business.

Government spokesman Benjamin Griveaux, who is also a minister, on Saturday had to flee his offices by a back door when a handful of protesters smashed down the large wooden door into his ministry compound with the help of a forklift truck.

He later denounced the break-in, in which some cars were damaged and windows smashed, as an "unacceptable attack on the Republic".

Mr Griveaux had earlier criticised the yellow vest movement, describing those involved as "agitators" who sought "to overthrow the government".

The yellow vest protests have turned into the biggest political crisis of Mr Macron's 20-month presidency and brought his popularity ratings to an all-time low.

He initially refused to make any concessions, but in mid-December, after weeks of violence, the president scrapped the planned fuel tax increase and promised extra cash for minimum wage earners as well as tax cuts for pensioners.

Although public anger appeared to abate over the holiday period, the brief arrest on Wednesday of Eric Drouet, one of the leaders of the movement, seems to have rekindled resentment among his supporters.

The latest opinion poll, published on Thursday by Odoxa Dentsu, indicated 55 per cent support the protests — a figure which, although lower than the 75 per cent back in November, is still important enough to suggest the anti-austerity movement retains political clout.

Meanwhile, former film star Brigitte Bardot, who is today best known for her animal rights activism, on Sunday said she understood what motivated the yellow vest movement.

"When I see the millions spent on incredibly trivial things, when I see politicians using private planes and chauffeur-driven cars to get around, all this money spent is unacceptable," she told the Midi Libre newspaper.

"It should be given instead to people in need."

The National's picks

4.35pm: Tilal Al Khalediah
5.10pm: Continous
5.45pm: Raging Torrent
6.20pm: West Acre
7pm: Flood Zone
7.40pm: Straight No Chaser
8.15pm: Romantic Warrior
8.50pm: Calandogan
9.30pm: Forever Young

The five pillars of Islam

1. Fasting

2. Prayer

3. Hajj

4. Shahada

5. Zakat 

Final round

25 under -  Antoine Rozner (FRA)

23 - Francesco Laporta (ITA), Mike Lorenzo-Vera (FRA), Andy Sullivan (ENG), Matt Wallace (ENG)

21 - Grant Forrest (SCO)

20 - Ross Fisher (ENG)

19 - Steven Brown (ENG), Joakim Lagergren (SWE), Niklas Lemke (SWE), Marc Warren (SCO), Bernd Wiesberger (AUT)

The bio

Favourite book: The Alchemist by Paulo Coelho

Favourite travel destination: Maldives and south of France

Favourite pastime: Family and friends, meditation, discovering new cuisines

Favourite Movie: Joker (2019). I didn’t like it while I was watching it but then afterwards I loved it. I loved the psychology behind it.

Favourite Author: My father for sure

Favourite Artist: Damien Hurst

Key facilities
  • Olympic-size swimming pool with a split bulkhead for multi-use configurations, including water polo and 50m/25m training lanes
  • Premier League-standard football pitch
  • 400m Olympic running track
  • NBA-spec basketball court with auditorium
  • 600-seat auditorium
  • Spaces for historical and cultural exploration
  • An elevated football field that doubles as a helipad
  • Specialist robotics and science laboratories
  • AR and VR-enabled learning centres
  • Disruption Lab and Research Centre for developing entrepreneurial skills
MISSION: IMPOSSIBLE – FINAL RECKONING

Director: Christopher McQuarrie

Starring: Tom Cruise, Hayley Atwell, Simon Pegg

Rating: 4/5

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.”

UK's plans to cut net migration

Under the UK government’s proposals, migrants will have to spend 10 years in the UK before being able to apply for citizenship.

Skilled worker visas will require a university degree, and there will be tighter restrictions on recruitment for jobs with skills shortages.

But what are described as "high-contributing" individuals such as doctors and nurses could be fast-tracked through the system.

Language requirements will be increased for all immigration routes to ensure a higher level of English.

Rules will also be laid out for adult dependants, meaning they will have to demonstrate a basic understanding of the language.

The plans also call for stricter tests for colleges and universities offering places to foreign students and a reduction in the time graduates can remain in the UK after their studies from two years to 18 months.