News - Monday, November 21st

COP Disappointment

France has expressed regret at the lack of ambition in the agreement reached at the COP27 climate summit in Egypt.

Energy minister Agnes Pannier-Runacher said in a statement that “no progress was made on making additional efforts to reduce greenhouse gas emissions and abandoning fossil fuels”

However, the French Government welcomed progress on providing funding for vulnerable countries. The UN climate summit agreed on the creation of a “loss and damage” fund to help vulnerable countries.

 

Bankruptcies on the rise

Nice Matin reports this morning on a worrying trend of bankruptcies in our region. Shops and businesses are closing at the fastest rate in history, especially in the last 3 months. According to the Cabinet Altharès 8950 businesses started bankruptcy proceedings in France between July 1st and September 30th, a rise of 69%, with local shops being the worst affected. The number of local supermarkets going bankrupt has doubled in the last year.  Hairdressers and beauty parlours have also been particularly affected, mainly due to rising energy costs and the burden of paying back loans taken out during lockdown.

In the Provence Cote d’Azur region 3950 businesses are said to have started legal reorganisations or liquidation proceedings since the start of the year. The director of Nice Etoile, Patriuck Nolier, points out that some big brand shops like Fossil, André and Wellington  have closed while others like Habitat are restructuring and moving away from Nice Etoile.

 

Protests Across France

At least 32000 protestors took to the streets across France this week-end to raise awareness about sexist violence and the rights of women. Traffic and public transport was disrupted in Nice as at least 1000 people marched through the city to denounce the dysfunctions of the justice system and to demand a "framework law" against the "impunity" of the aggressors.

 

Monaco National Day celebrations

Celebrations took place over the weekend to mark Monaco’s National Day. Following a spectacular drone show on Friday, a mass was held at the cathedral on in Saturday the presence of their Serene Highnesses Prince Albert and Princess Charlene, who showed a united family with their their children Prince Jacques and Princess Gabriella. HRH Princess Caroline and HSH Princess Stephanie were also present during the celebrations.

 

NRJ Music Awards

Several International music stars were spotted in Cannes over the week-end including David Guetta, Ava Max, Lizzo and Yungblud. Three and a half million viewers watched