A man shot dead in Paris on Friday after he launched a knife attack on passers-by had a history of mental illness, police said.
The man, who killed one man and then wounded two others in the attack, was found to be in possession of a Quran and other religious documents. However officials said there was no reason to believe he had been influenced by radical Islamists.
A spokesman for the prosecutors said the attacker was undergoing a course of psychiatric treatment after a being admitted to hospital a few months ago.
BFTV said the attacker died shortly after he was shot. AFP reported that one victim had been killed and another two injured.
The number two at the interior ministry, Laurent Nunez, travelled to the scene of the stabbings accompanied by Paris police chief Didier Lallement.
Local mayor, Vincent Jeanbrun, told broadcaster BFMTV that the attacker assaulted people in a park in Villejuif, about 8 km (5 miles) south of central Paris.
He then fled to a shopping centre in his area, L'Hay-les-Roses, and was shot by police there.
Police union official Yves Lefebvre said officers fired repeatedly because they feared the man was wearing an explosive belt and might blow himself up.
The two injured victims were being treated in nearby hospitals, Laure Beccuau, the prosecutor whose office is handling the case, told reporters.
"The suspect tried to attack other victims during his murderous spree, who were able to escape," she said.
Laurent Nunez, the deputy interior minister, visited the scene and said the attacker likely would have hurt more people if police had not shot him when they did. "It was an extremely courageous act," Nunez said of the police response.
The prosecutor's spokesman said the attacker, identified only as Nathan C., was born in 1997 in Lilas, a northeastern suburb of Paris.
One witness described hearing the attacker shout "Allahu Akbar," or "God is great," during the knife attack in the park, according to the spokesman.
But he said: "We don't have evidence that would allow us to suppose there has been a radicalisation." The man was not known to domestic intelligence services and had no criminal record, the spokesman said.
During the attack, the man first targeted a woman. The woman's spouse intervened to protect her, and in the process he was fatally stabbed. The woman was not gravely wounded, the spokesman said.
In October last year, four people were stabbed to death at the Paris police headquarters by Mickael Harpon, an IT specialist working for the police. Prosecutors said that Harpon, who was shot dead by police, had come under the sway of radical Islamists.
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FFP EXPLAINED
What is Financial Fair Play?
Introduced in 2011 by Uefa, European football’s governing body, it demands that clubs live within their means. Chiefly, spend within their income and not make substantial losses.
What the rules dictate?
The second phase of its implementation limits losses to €30 million (Dh136m) over three seasons. Extra expenditure is permitted for investment in sustainable areas (youth academies, stadium development, etc). Money provided by owners is not viewed as income. Revenue from “related parties” to those owners is assessed by Uefa's “financial control body” to be sure it is a fair value, or in line with market prices.
What are the penalties?
There are a number of punishments, including fines, a loss of prize money or having to reduce squad size for European competition – as happened to PSG in 2014. There is even the threat of a competition ban, which could in theory lead to PSG’s suspension from the Uefa Champions League.
2.0
Director: S Shankar
Producer: Lyca Productions; presented by Dharma Films
Cast: Rajnikanth, Akshay Kumar, Amy Jackson, Sudhanshu Pandey
Rating: 3.5/5 stars
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MATCH INFO
Red Star Belgrade v Tottenham Hotspur, midnight (Thursday), UAE
Ten tax points to be aware of in 2026
1. Domestic VAT refund amendments: request your refund within five years
If a business does not apply for the refund on time, they lose their credit.
2. E-invoicing in the UAE
Businesses should continue preparing for the implementation of e-invoicing in the UAE, with 2026 a preparation and transition period ahead of phased mandatory adoption.
3. More tax audits
Tax authorities are increasingly using data already available across multiple filings to identify audit risks.
4. More beneficial VAT and excise tax penalty regime
Tax disputes are expected to become more frequent and more structured, with clearer administrative objection and appeal processes. The UAE has adopted a new penalty regime for VAT and excise disputes, which now mirrors the penalty regime for corporate tax.
5. Greater emphasis on statutory audit
There is a greater need for the accuracy of financial statements. The International Financial Reporting Standards standards need to be strictly adhered to and, as a result, the quality of the audits will need to increase.
6. Further transfer pricing enforcement
Transfer pricing enforcement, which refers to the practice of establishing prices for internal transactions between related entities, is expected to broaden in scope. The UAE will shortly open the possibility to negotiate advance pricing agreements, or essentially rulings for transfer pricing purposes.
7. Limited time periods for audits
Recent amendments also introduce a default five-year limitation period for tax audits and assessments, subject to specific statutory exceptions. While the standard audit and assessment period is five years, this may be extended to up to 15 years in cases involving fraud or tax evasion.
8. Pillar 2 implementation
Many multinational groups will begin to feel the practical effect of the Domestic Minimum Top-Up Tax (DMTT), the UAE's implementation of the OECD’s global minimum tax under Pillar 2. While the rules apply for financial years starting on or after January 1, 2025, it is 2026 that marks the transition to an operational phase.
9. Reduced compliance obligations for imported goods and services
Businesses that apply the reverse-charge mechanism for VAT purposes in the UAE may benefit from reduced compliance obligations.
10. Substance and CbC reporting focus
Tax authorities are expected to continue strengthening the enforcement of economic substance and Country-by-Country (CbC) reporting frameworks. In the UAE, these regimes are increasingly being used as risk-assessment tools, providing tax authorities with a comprehensive view of multinational groups’ global footprints and enabling them to assess whether profits are aligned with real economic activity.
Contributed by Thomas Vanhee and Hend Rashwan, Aurifer
How to invest in gold
Investors can tap into the gold price by purchasing physical jewellery, coins and even gold bars, but these need to be stored safely and possibly insured.
A cheaper and more straightforward way to benefit from gold price growth is to buy an exchange-traded fund (ETF).
Most advisers suggest sticking to “physical” ETFs. These hold actual gold bullion, bars and coins in a vault on investors’ behalf. Others do not hold gold but use derivatives to track the price instead, adding an extra layer of risk. The two biggest physical gold ETFs are SPDR Gold Trust and iShares Gold Trust.
Another way to invest in gold’s success is to buy gold mining stocks, but Mr Gravier says this brings added risks and can be more volatile. “They have a serious downside potential should the price consolidate.”
Mr Kyprianou says gold and gold miners are two different asset classes. “One is a commodity and the other is a company stock, which means they behave differently.”
Mining companies are a business, susceptible to other market forces, such as worker availability, health and safety, strikes, debt levels, and so on. “These have nothing to do with gold at all. It means that some companies will survive, others won’t.”
By contrast, when gold is mined, it just sits in a vault. “It doesn’t even rust, which means it retains its value,” Mr Kyprianou says.
You may already have exposure to gold miners in your portfolio, say, through an international ETF or actively managed mutual fund.
You could spread this risk with an actively managed fund that invests in a spread of gold miners, with the best known being BlackRock Gold & General. It is up an incredible 55 per cent over the past year, and 240 per cent over five years. As always, past performance is no guide to the future.
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