French police forces secured Trocadero place as the yellow vest protest intensified. Reuters
French police forces secured Trocadero place as the yellow vest protest intensified. Reuters

Eiffel Tower to close ahead of 'yellow vest' protests



The Eiffel Tower, the Louvre museum and scores of shops on the Champs-Elysees are set to close as authorities warned of fresh violence this weekend during protests which have ballooned into the biggest crisis of Emmanuel Macron's presidency.

The government is scrambling to stave off another Saturday of burned cars and running street battles with police by "yellow vest" protesters furious over rising costs of living they blame on high taxes.

An interior ministry official told AFP that authorities were bracing for "significant violence" on Saturday, based on indications that protesters on both the far right and far left are planning to converge on the capital.

Officials fear they could be joined by hooligans set on rioting and looting, as is widely thought to have been the case last weekend.

Prime Minister Edouard Philippe said 8,000 police would be deployed in Paris alongside a dozen armoured vehicles - not used in urban areas since suburban youth riots in 2005 - for crowd control as part of "exceptional" measures to contain the risk of violence.

He also reiterated his appeal for calm, saying in a prime-time TV interview that the government was ready to consider "any measure which would allow us to boost spending power".

Across the country some 89,000 police will be mobilised, up from 65,000 last weekend, when the country was rocked by daylong scenes of urban unrest in Paris.

But so far the "yellow vest" movement shows no signs of losing steam, despite the government's rollback of planned fuel tax hikes for January, one of the protesters' core demands.

Shops and businesses along and near the famous Champs-Elysees were told to keep their doors closed, protect exposed windows and remove outdoor furniture, according to police notices seen by AFP.

The move is likely to cost thousands of euros in lost revenue as tourists and locals stay clear for a second holiday weekend in a row.

Both the Garnier and Bastille opera houses have cancelled performances on Saturday and the doors of major museums will be shut.

Six Ligue 1 football games, one involving Paris Saint-Germain, scheduled for Saturday have been postponed.

The "yellow vest" protests began on November 17 in opposition to rising fuel taxes, but they have since expanded into a broad challenge to Macron's pro-business agenda and style of governing.

The protesters, mainly from small-town and rural France, have broad public support, with an opinion poll this week showing 72 percent backed the demonstrations despite last weekend's violence.

The movement has spurred other protests, in particular students demanding an end to testing overhauls and stricter university entrance requirements.

Nearly 280 high schools were disrupted, 45 of which were blocked, in protests across France on Thursday, with more than 700 students detained by police, an interior ministry source said.

Dozens of people wearing face masks threw Molotov cocktails, torched rubbish bins and clashed with police outside schools in several cities.

"We're the ones who are going to eventually have to pay higher fuel prices," said Ines, one of around 150 high school students demonstrating in the southern Paris suburb of Cachan.

Farmers have also called for demonstrations every day next week, while two truck driver unions plan an indefinite sympathy strike from Sunday night.

Meanwhile yellow-vest blockades at fuel depots have caused shortages in Brittany, Normandy, and southeast regions of France.

Political leaders from across the spectrum have appealed for calm, after four people died in accidents during protests and hundreds have been injured.

On Thursday a yellow-vest representative, Benjamin Cauchy, called on Macron to meet a delegation of protesters Friday to help defuse a situation that he said had brought the country "to the brink of insurrection and civil war".

"We're asking him to meet us to negotiate on spending power, which is what underpins all this anger," Mr Cauchy said.

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Read more:

Iraqi marchers don yellow vests after Paris riots

Macron scraps fuel tax that enraged France

'Yellow vests' protests leave France shattered and divided

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Macron, whose approval ratings are down to just 23 percent, will speak about the issue "early next week", Richard Ferrand, a senior MP from the president's party, said late Thursday.

The French leader, who has not commented publicly since Saturday on the deepest crisis of his presidency so far, did not want to "pour oil on the fire" ahead of Saturday's protest, Mr Ferrand told AFP.

Members of Mr Macron's government have signalled they are ready to make further concessions.

But Mr Macron's office said he would stick to his decision to cut a "fortune tax" on high-earners, which the former investment banker abolished last year.

Restoring the wealth tax has become a core demand of the "yellow vests," alongside the fuel tax rollback and an increase in the minimum wage.

Building boom turning to bust as Turkey's economy slows

Deep in a provincial region of northwestern Turkey, it looks like a mirage - hundreds of luxury houses built in neat rows, their pointed towers somewhere between French chateau and Disney castle.

Meant to provide luxurious accommodations for foreign buyers, the houses are however standing empty in what is anything but a fairytale for their investors.

The ambitious development has been hit by regional turmoil as well as the slump in the Turkish construction industry - a key sector - as the country's economy heads towards what could be a hard landing in an intensifying downturn.

After a long period of solid growth, Turkey's economy contracted 1.1 per cent in the third quarter, and many economists expect it will enter into recession this year.

The country has been hit by high inflation and a currency crisis in August. The lira lost 28 per cent of its value against the dollar in 2018 and markets are still unconvinced by the readiness of the government under President Recep Tayyip Erdogan to tackle underlying economic issues.

The villas close to the town centre of Mudurnu in the Bolu region are intended to resemble European architecture and are part of the Sarot Group's Burj Al Babas project.

But the development of 732 villas and a shopping centre - which began in 2014 - is now in limbo as Sarot Group has sought bankruptcy protection.

It is one of hundreds of Turkish companies that have done so as they seek cover from creditors and to restructure their debts.

NO OTHER LAND

Director: Basel Adra, Yuval Abraham, Rachel Szor, Hamdan Ballal

Stars: Basel Adra, Yuval Abraham

Rating: 3.5/5

2025 Fifa Club World Cup groups

Group A: Palmeiras, Porto, Al Ahly, Inter Miami.

Group B: Paris Saint-Germain, Atletico Madrid, Botafogo, Seattle.

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Group D: Flamengo, ES Tunis, Chelsea, Leon.

Group E: River Plate, Urawa, Monterrey, Inter Milan.

Group F: Fluminense, Borussia Dortmund, Ulsan, Mamelodi Sundowns.

Group G: Manchester City, Wydad, Al Ain, Juventus.

Group H: Real Madrid, Al Hilal, Pachuca, Salzburg.

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Ms Yang's top tips for parents new to the UAE
  1. Join parent networks
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In numbers: PKK’s money network in Europe

Germany: PKK collectors typically bring in $18 million in cash a year – amount has trebled since 2010

Revolutionary tax: Investigators say about $2 million a year raised from ‘tax collection’ around Marseille

Extortion: Gunman convicted in 2023 of demanding $10,000 from Kurdish businessman in Stockholm

Drug trade: PKK income claimed by Turkish anti-drugs force in 2024 to be as high as $500 million a year

Denmark: PKK one of two terrorist groups along with Iranian separatists ASMLA to raise “two-digit million amounts”

Contributions: Hundreds of euros expected from typical Kurdish families and thousands from business owners

TV channel: Kurdish Roj TV accounts frozen and went bankrupt after Denmark fined it more than $1 million over PKK links in 2013 

Emergency

Director: Kangana Ranaut

Stars: Kangana Ranaut, Anupam Kher, Shreyas Talpade, Milind Soman, Mahima Chaudhry 

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The specs
 
Engine: 3.0-litre six-cylinder turbo
Power: 398hp from 5,250rpm
Torque: 580Nm at 1,900-4,800rpm
Transmission: Eight-speed auto
Fuel economy, combined: 6.5L/100km
On sale: December
Price: From Dh330,000 (estimate)
The Buckingham Murders

Starring: Kareena Kapoor Khan, Ash Tandon, Prabhleen Sandhu

Director: Hansal Mehta

Rating: 4 / 5

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What are NFTs?

Are non-fungible tokens a currency, asset, or a licensing instrument? Arnab Das, global market strategist EMEA at Invesco, says they are mix of all of three.

You can buy, hold and use NFTs just like US dollars and Bitcoins. “They can appreciate in value and even produce cash flows.”

However, while money is fungible, NFTs are not. “One Bitcoin, dollar, euro or dirham is largely indistinguishable from the next. Nothing ties a dollar bill to a particular owner, for example. Nor does it tie you to to any goods, services or assets you bought with that currency. In contrast, NFTs confer specific ownership,” Mr Das says.

This makes NFTs closer to a piece of intellectual property such as a work of art or licence, as you can claim royalties or profit by exchanging it at a higher value later, Mr Das says. “They could provide a sustainable income stream.”

This income will depend on future demand and use, which makes NFTs difficult to value. “However, there is a credible use case for many forms of intellectual property, notably art, songs, videos,” Mr Das says.

Best Academy: Ajax and Benfica

Best Agent: Jorge Mendes

Best Club : Liverpool   

 Best Coach: Jurgen Klopp (Liverpool)  

 Best Goalkeeper: Alisson Becker

 Best Men’s Player: Cristiano Ronaldo

 Best Partnership of the Year Award by SportBusiness: Manchester City and SAP

 Best Referee: Stephanie Frappart

Best Revelation Player: Joao Felix (Atletico Madrid and Portugal)

Best Sporting Director: Andrea Berta (Atletico Madrid)

Best Women's Player:  Lucy Bronze

Best Young Arab Player: Achraf Hakimi

 Kooora – Best Arab Club: Al Hilal (Saudi Arabia)

 Kooora – Best Arab Player: Abderrazak Hamdallah (Al-Nassr FC, Saudi Arabia)

 Player Career Award: Miralem Pjanic and Ryan Giggs

Tips for taking the metro

- set out well ahead of time

- make sure you have at least Dh15 on you Nol card, as there could be big queues for top-up machines

- enter the right cabin. The train may be too busy to move between carriages once you're on

- don't carry too much luggage and tuck it under a seat to make room for fellow passengers