French Tourism Sector Faces Cancellations over Unrest

Days of violent protests in the wake of the police killing of a 17-year-old have begun to take a toll on France's tourism sector. JEFF PACHOUD / AFP
Days of violent protests in the wake of the police killing of a 17-year-old have begun to take a toll on France's tourism sector. JEFF PACHOUD / AFP
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French Tourism Sector Faces Cancellations over Unrest

Days of violent protests in the wake of the police killing of a 17-year-old have begun to take a toll on France's tourism sector. JEFF PACHOUD / AFP
Days of violent protests in the wake of the police killing of a 17-year-old have begun to take a toll on France's tourism sector. JEFF PACHOUD / AFP

Days of violent protests across France after the fatal police shooting of a teenager have started to impact the country's tourism sector, with hotels and restaurants facing cancellations while some have also suffered damage in the unrest.

Since the death of 17-year-old Nahel during a traffic stop in a Paris suburb on Tuesday, "our hotel members have suffered a wave of cancellations of reservations in all the territories affected by the damage and clashes," said chef Thierry Marx, president of the main association for hotel and catering industry employers.

Marx said Friday he was receiving daily alerts from industry professionals who have suffered "attacks, looting and destruction of their businesses, including some restaurants and cafes”, AFP reported.

"Our establishments are intrinsically hospitality venues, and sometimes even refuges and places of help in crisis situations. They must not suffer the consequences of anger that they have not aroused and we condemn these actions," he added.

Marx wants the authorities to do "everything" to guarantee the safety of people in the hotel and catering industry in the world's most popular tourist destination.

The French retail federation (FCD) also called for reinforced police security around stores, said managing director Jacques Creyssel.

The riots "gave rise to real scenes of looting", he said, with "more than a hundred medium and large food or non-food stores vandalized, looted or even burned".

These incidents "are extremely serious and have an extremely heavy cost", according to Creyssel, who said he had asked the economy, interior and trade ministers to act.

The Paris Ile-de-France Chamber of Commerce said it was ensuring its teams were mobilized to "provide the necessary support and technical assistance, particularly in terms of continuing operations, insurance compensation, etc..." for traders and managers of affected companies.

Security concerns

The GHR organization for independent hotels and restaurants in France deplored that "foreign (TV networks) are starting to show images of Paris on fire and blood, which does not correspond to reality".

"Will the violence and riots continue and cause a real wave of cancellations? That's the risk," managing director Franck Trouet told AFP.

"Asian tourists, in particular, who are very concerned about security, may not hesitate to postpone or cancel their trip," he warned.

Didier Arino, managing director of the Protourisme firm said: "Tourists who know us well, like the Belgians or the British, who also have problems themselves in their suburbs, will be able to make sense of things".

But in the end, he said "it's as if we were doing a negative publicity campaign worth several tens of millions of euros for destination France".

The confederation of tobacconists was also indignant at the "looting and ransacking of shops, including 91 tobacconists during these last days of clashes".

"If it continues like this, it can significantly complicate the organization of the Olympic Games, especially since a good part of the events will take place in Seine-Saint-Denis," a disadvantaged area in the north of Paris, said Jean-Francois Rial, president of the Paris Tourist Office.



ECB President Lagarde Reportedly Plans to Quit Before Macron's Term Ends

FILE PHOTO: European Central Bank (ECB) President Christine Lagarde addresses the press following the ECB's Governing Council meeting, at the ECB headquarters in Frankfurt, Germany, February 5, 2026. REUTERS/Jana Rodenbusch/File Photo
FILE PHOTO: European Central Bank (ECB) President Christine Lagarde addresses the press following the ECB's Governing Council meeting, at the ECB headquarters in Frankfurt, Germany, February 5, 2026. REUTERS/Jana Rodenbusch/File Photo
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ECB President Lagarde Reportedly Plans to Quit Before Macron's Term Ends

FILE PHOTO: European Central Bank (ECB) President Christine Lagarde addresses the press following the ECB's Governing Council meeting, at the ECB headquarters in Frankfurt, Germany, February 5, 2026. REUTERS/Jana Rodenbusch/File Photo
FILE PHOTO: European Central Bank (ECB) President Christine Lagarde addresses the press following the ECB's Governing Council meeting, at the ECB headquarters in Frankfurt, Germany, February 5, 2026. REUTERS/Jana Rodenbusch/File Photo

European Central Bank President Christine Lagarde plans to leave her job before next year's French presidential election to allow Emmanuel Macron to have an input into picking her successor, the Financial Times reported on Wednesday.

Lagarde's term is due to end in October 2027 but some fear that the far right may win the French presidential race ‌in the spring of ‌2027, complicating the selection for the ‌new ⁠leader of Europe's most ⁠important financial institution.

Citing a person familiar with the matter, the FT said Lagarde has not yet decided on the exact timing of her departure but was keen on Macron and German Chancellor Friedrich Merz to be the key deciders in who succeeds her. Macron cannot run again for a third term.

"President Lagarde is ⁠totally focused on her mission and has not ‌taken any decision regarding the end ‌of her term," Reuters quoted an ECB spokesperson as saying.

The FT report comes only ‌a week after Bank of France Governor Francois Villeroy de Galhau ‌said he would step down in June this year, more than a year before the end of his term, allowing Macron to name his replacement before the presidential election that the far-right could win.

While it ‌will be up to all leaders from the 21-nation euro zone to pick Lagarde's successor, ⁠past practice ⁠suggests that any successful candidate must have both German and French support to clinch the role.

There are no formal candidates for the job yet but several names have been floating among ECB circles as potential ECB presidents. The most prominent among these are former Dutch central bank chief Klaas Knot and Bank for International Settlements General Manager Pablo Hernandez de Cos.

Lagarde's non-renewable term at the ECB runs until October 31, 2027. Prior to heading the ECB, she was managing director of the International Monetary Fund from 2011 to 2019 and before that, the French finance minister.


UK Inflation Falls to 3.0% in January

Pedestrians cross Westminster Bridge in front of Parliament during the early morning hours in London, Tuesday, Feb. 10, 2026.(AP Photo/Kin Cheung)
Pedestrians cross Westminster Bridge in front of Parliament during the early morning hours in London, Tuesday, Feb. 10, 2026.(AP Photo/Kin Cheung)
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UK Inflation Falls to 3.0% in January

Pedestrians cross Westminster Bridge in front of Parliament during the early morning hours in London, Tuesday, Feb. 10, 2026.(AP Photo/Kin Cheung)
Pedestrians cross Westminster Bridge in front of Parliament during the early morning hours in London, Tuesday, Feb. 10, 2026.(AP Photo/Kin Cheung)

Britain's annual ‌rate of consumer price inflation fell to 3.0% in January from 3.4% in December, official figures showed on Wednesday.

A Reuters poll of economists had shown a median forecast of 3.0% in January and the Bank of England projected earlier this month that the headline measure of inflation would slow to ‌2.9%.

British inflation ‌has run higher than in ‌the ⁠United States and in ⁠the euro zone where it stood at 2.4% and 1.7% respectively in January.

But the BoE expects the pace of price rises to slow sharply to almost its 2% target in ⁠April as last year's rises ‌in utility costs and ‌other government-controlled tariffs fall out of ‌the annual comparison.

Investors expect the central bank ‌to cut its benchmark interest rate to 3.5% at its next meeting in March after a tight vote to keep borrowing costs ‌on hold in February although some policymakers remain worried about underlying ⁠inflation ⁠pressure.

Financial markets on Tuesday also priced a second quarter-point interest rate cut by the BoE by the end of in 2026.

ONS data last week painted a downbeat picture of Britain's economy at the end of 2025 with output barely growing. Figures released on Tuesday showed the labor market was still losing jobs although there were some signs of a stabilization.


Riyadh to Host Middle East’s Largest General Aviation Airshow in November 

The AERO Middle East x Sand & Fun 2026 will be held in Riyadh from November 24 to 28. (SPA)
The AERO Middle East x Sand & Fun 2026 will be held in Riyadh from November 24 to 28. (SPA)
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Riyadh to Host Middle East’s Largest General Aviation Airshow in November 

The AERO Middle East x Sand & Fun 2026 will be held in Riyadh from November 24 to 28. (SPA)
The AERO Middle East x Sand & Fun 2026 will be held in Riyadh from November 24 to 28. (SPA)

The Saudi Aviation Club announced that it will organize the AERO Middle East x Sand & Fun 2026 in Riyadh from November 24 to 28, reported the Saudi Press Agency on Tuesday.

The event is set to be the largest of its kind for general aviation in the Middle East, combining international business, investment, and innovation with live flying displays and interactive public experiences. It is being held in partnership with Messe Frankfurt Saudi Arabia.

Held at Thumamah Airport, the exhibition will bring together leading global companies operating in the general aviation industry, including aircraft and components manufacturers, avionics and navigation systems providers, as well as maintenance, repair, and overhaul (MRO) companies, offering an integrated platform that covers the full value chain of the sector.

The event will also spotlight startups in advanced air mobility (AAM) and innovators of electric vertical take-off and landing (eVTOL) aircraft, showcasing technologies and business models shaping the future of aviation.

General Supervisor of the Saudi Aviation Club Dr. Ahmed Alfahaid stated that AERO Middle East x Sand & Fun 2026 represents a qualitative leap for the Kingdom’s aviation sector and reinforces its positioning as a global hub for general aviation and advanced air mobility.

The partnership with Messe Frankfurt Saudi Arabia goes beyond presenting global innovations to providing a vital platform for international investment and strategic collaboration, he stressed.

Moreover, the event contributes to achieving Saudi Vision 2030 objectives, including the Kingdom’s ambition to rank among the world’s top 10 general aviation markets, he added.