
Another European city issues cruise ship ban as overtourism anger grows
The French Riviera resort of Cannes is set to implement what its city council describes as "drastic regulation" on cruise ships, banning any vessels carrying more than 1,000 people from its harbour starting next year. The move, effective from January 1, positions the home of the world's premier film festival at the forefront of a growing global backlash against overtourism.
Cannes joins a list of destinations grappling with the impact of excessive visitor numbers, following recent uproar over Jeff Bezos ' and Lauren Sanchez ' Venice wedding, water-gun protests in Spain, and a surprise strike at the Louvre Museum.
The city council, which voted on the measures on Friday, aims for cruise tourism to be "less numerous, less big, less polluting and more esthetic." Under the new limits, only ships with fewer than 1,000 passengers will be allowed in the port, with a maximum of 6,000 passengers permitted to disembark per day. Larger ships will be expected to transfer their passengers to smaller boats to enter Cannes.
France — which drew in some 100 million visitors last year, more than any other European country and more than the country's population — is on the front line of efforts to balance economic benefits of tourism with environmental concerns while managing ever-growing crowds.
"Cannes has become a major cruise ship destination, with real economic benefits. It's not about banning cruise ships, but about regulating, organizing, setting guidelines for their navigation," Mayor David Lisnard said in a statement.
Cruise operators have called such restrictions damaging for destinations and for passengers.
Two cruise ships were scheduled to dock in Cannes on Sunday, each bigger than the upcoming 1,000-passenger limit and with a combined capacity of more than 7,000 people. Their owners did not immediately respond to requests for comment on the new restrictions.
The nearby Mediterranean city of Nice announced limits on cruise ships earlier this year, as have some other European cities.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


BreakingNews.ie
28 minutes ago
- BreakingNews.ie
Microsoft making billions from alleged unlawful processing of data for advertising
Microsoft Ireland Operations is being sued in the first-ever High Court representative action under new legislation over its alleged unlawful processing of personal data, which generates billions in advertising revenue. The Irish Council for Civil Liberties (ICCL) has brought the action claiming Microsoft operates an advertising business, through its "Xandr" platform, which allows it to sell advertising slots to individual advertisers in a real-time bidding system for a fee. Advertisement It is claimed that Microsoft's "search and news advertising" business generated some $10.2 billion (€8.7 billion) in the nine months ending March 2025. The ICCL is seeking declarations and orders against Microsoft Ireland Operations Ltd directing it to cease such data processing and/or adjust its processing to comply with GDPR and Irish law. In May, the ICCL obtained High Court approval deeming its action admissible as a representative action under the 2023 Protection of the Collective Interests of Consumers Act. This is the first such case to be brought under that Act. On Monday, the case was admitted to the fast track Commercial Court list on the application of James Doherty SC, for the ICCL. Advertisement Declan McGrath SC, for Microsoft, said he did not object to the entry of the matter into the list but he wanted time to write to the ICCL to set out why it is Xandr that should be the defendant and not Microsoft. Mr McGrath also said his side had separately written to the ICCL about its sources of funding for the proceedings and that is expected to be provided within a week. Microsoft may have to bring an application in relation to that, he said. Ms Justice Eileen Roberts said it was a rather unusual case but one that not only has a commercial aspect but will benefit enormously from the case management jurisdiction of the Commercial Court. Ireland Cleaner accused of taking photos of overweight col... Read More She adjourned it for three weeks but did not make directions on how it is to proceed to allow the parties exchange correspondence in relation to funding and the correct defendant. Advertisement In an affidavit seeking entry of the case to the commercial list, Johnny Ryan, senior fellow with the ICCL and director of its privacy and data protection programme "Enforce", said the $10.2 billion from Microsoft's search and news advertising business was contained in the company's "10-Q" submission to the US Securities and Exchange Commission. He said further publicly available documents provided by the defendant, which Microsoft claims sufficiently sets out the lawfulness of its processing activities, failed to satisfy the ICCL's concerns. Mr Ryan said the claim that Microsoft is not the correct defendant is an attempt to delay the prosecution of the proceedings and also delay the vindication of the rights of Irish consumers. If another party is to be added or substituted as a defendant, Mr Ryan believes this can be done during the currency of the proceedings.


The Sun
31 minutes ago
- The Sun
Nepo baby with Hollywood A-list dad makes red carpet debut for Dior – can you guess his famous parents?
A NEPO-BABY with a Hollywood A-lister dad looked a chip off the old block as he made a stylish appearance at the Dior runway show in Paris. The 16-year-old was completely unfazed by the cameras, posing for snaps in a blue Dior pullover and white cargo shorts. 3 3 3 He showed off the looks that come with having a movie star hunk dad and supermodel mum - looking right at home in the spotlight. The budding star on the red carpet was Levi McConaughey, the son of Oscar winner Matthew, 55, and Camila Alves, 42. Matthew and Camila - who tied the knot in 2012 after getting together in 2006 - are also parents to Vida, 15, and 12-year-old Livingston. Levi is following in his famous dad's footsteps by pursuing an acting career and has landed a role alongside Chris Pratt in upcoming movie Way of the Warrior Kid. Matthew - who has starred in films including Dallas Buyers Club and The Gentlemen - recently shared the advice he gave his son as he attempts to break Hollywood. He told People: 'Don't be afraid to make a fool of yourself – I did it plenty of times, and it's a lot easier to go big and come back down to reality than it is to come in under and push it to more energy later. 'It's a lot easier to go big, make a fool of yourself, get embarrassed, and then bring it down to reality than it is to start with low energy and go, hey, we need more.' Matthew also told the publication how having kids has helped him in his own career, saying becoming a dad made him a better actor. He said: 'Having children I know has made me a better artist and has made me a better actor, because kids see things for the first time all the time. Their questions are innocent. 'I become a better storyteller because I have kids, meaning, I come home from work on something like True Detective, and my 4-year-old kid goes, 'What'd you do today?' 'I cannot tell them what the show's really about, it's not age-appropriate. So I have to go into a parable for them.'


Daily Mail
31 minutes ago
- Daily Mail
SMALL CAP IDEA: Nine of the best unloved UK small cap funds
While the FTSE 100 has been busy setting new records this year, one corner of the UK market has remained stubbornly unloved: smaller company investment trusts. The average discount that shares of UK smaller company trusts shares trade at compared to the value of the net assets in their investment portfolios is 12 per cent, according to data from the Association of Investment Companies (AIC). Despite a swarm of hungry private equity buyers and deep-pocketed multinationals gobbling up dozens of UK companies over the past couple of years, that gap hasn't closed. In fact, over the last year, the average discount has widened by about one percentage point. By contrast, similar sectors such as the wider UK all-companies, Europe and even European smaller companies have seen discounts narrow by between one and over three percentage points. However, this discrepancy is variable, while many UK small trusts possessing highly attractive growth records over the medium- and long-term, and many offering tempting dividend yields on top. Before highlighting 10 standout funds, it's worth first considering how investment trusts work, what's been driving the current dislocation in valuations, and what might prompt a shift in sentiment. What, who, why? A quick brush up on investment trusts for the uninitiated or those whose knowledge might have got a bit rusty. A key feature of what are now often called investment companies is that they are closed-ended funds that are listed on the London stock market. This means they have a fixed number of shares in issue, and these can be bought and sold, like any other company or exchange-traded fund, so their share price can go up and down. Investment trusts are actively managed funds, with each set of fund managers making their pick of which companies they think are most likely to grow fastest or looking most undervalued. UK smaller company trusts invest pretty much only in equities listed in the UK valued at below £2billion. Companies with lower market capitalisations can offer good growth potential, though they tend to be more volatile and less liquid than larger counterparts. This lack of liquidity is part of why trusts investing in small caps might trade at discounts, though each trust's net asset value (NAV) is 'marked to market' daily. In other words, the share prices of all its investments are totted up at the end of each London trading session. Those justifying the discounts might point to the impact of management fees and how trusts were managed, though most UK smaller companies trusts have performed well in the long-term on a NAV basis. Scope for returns 'While we've heard a lot about money flowing back into European and UK stock markets given investors' concerns about the US, the UK smaller company sector is clearly not at the front of the queue for these flows,' says Nick Britton, research director at the AIC. He agrees that the sector discount remains 'wide' and that there are long-established, well-regarded trusts trading at double-digit discounts and only a handful bucking the trend. 'This offers considerable scope for strong returns if discounts should narrow, following the trends we are seeing in other equity sectors,' he says. 'Of course, nothing is guaranteed and investors in this sector need to be in it for the long term.' The value on offer from UK small cap investment trusts has been flagged by others too. Research from fund manager Aberdeen showed that earlier this year the forward price-to-earnings ratio – a measure that investors use to value companies based on their expected performance in the coming year – for the MSCI UK Small Cap Index was 24.3 per cent below its 10-year average January. That's the steepest valuation discount among all major global regions. According to Abby Glennie, co-manager of the Abrdn UK Smaller Companies Fund, this reflects negative sentiment in the sector. However, she said this is starting to be dispelled, as many UK small caps are delivering strong earnings growth, outperforming larger global peers. Other structural factors are also at play, it is fair to say, with the number of active UK small-cap funds is at its lowest since 1997, reducing investor coverage and contributing to inefficiencies in pricing. Glennie and Britton are not the only ones seeing potential for recovery. Falling inflation and anticipated interest rate cuts should benefit smaller, more leveraged firms. Acquisition activity is also increasing, with expectations that a significant share of UK small and mid-caps could be acquired in the coming year, following 73 UK companies being taken over by foreign companies in 2024 and an increased value of £19.2billion of takeovers in the first quarter of 2025. Looking ahead, initiatives such as the Mansion House Accord, which aims to channel £25billion into UK-listed firms including small and AIM-listed companies by 2030, could support sentiment and capital flows into the sector. Nine of the best UK small cap funds This list includes the top performing small cap trusts over one-year, five-year and 10-year share price total return categories. Rockwood Strategic is top or near on many of the categories, with manager Richard Staveley taking a value-orientated investment focus. Top investments at its last update were RM, the provider of IT to the education sector; tech component maker Filtronic; fastenings specialist Trifast; and sub-prime lender Vanquis. Another with a strong record of late is Crystal Amber, an activist fund that targets undervalued companies, aiming to improve their value through engagement and strategic changes. A boost to its NAV was driven largely by its activism at De La Rue, where the sale of a division led to a boost in returns. Aberforth Smaller Companies' top holdings show a mix of UK small and mid caps, including information and training publisher Wilmington, ready meal supplier Bakkavor, casino owner Rank and construction group Galliford Try. Marwyn Value Investors is another with a slightly different approach. It takes an almost private equity style approach with a small and tighter portfolio of listed companies, backing management teams to generally go on acquisitive growth strategies. Its top four investments account for over 90 per cent of its portfolio. Performance of smaller company investment trusts Rockwood Strategic – share price total return of 7.94 per cent over 1yr, 224.36 per cent over 5yrs, 396.96 per cent over 10yrs, shares at premium of 3.16 per cent Crystal Amber Fund – share price total return of 56.4 per cent over 1yr, 180.93 per cent over 5yrs, 86.34 per cent over 5yrs, shares at discount of 27.3 per cent Aberforth Smaller Companies – 6.17 per cent over 1yrs, 95.1 per cent over 5yrs, 74.45% over 10yrs, discount 10.99 per cent Marwyn Value Investors – 32.2 per cent over 1yr, 67.92 per cent over 5yrs, -12.59 per cent over 10yrs, discount 49.15 per cent Abrdn UK Smaller Companies Growth – 11.15 per cent over 1yr, 17.45 per cent over 5yrs, 107.25 per cent over 10yrs, discount 8.58 per cent JPMorgan UK Small Cap Growth & Income – 9.71 per cent over 1yr, 79.04 per cent over 5yrs, 161.15 per cent over 10yrs, discount 7.29 per cent Strategic Equity Capital – 1.36 per cent over 1yr, 91.14 per cent over 5yrs, 66.29 per cent over 10yrs, discount of 8.84 per cent Oryx International Growth – -1.8 per cent over 1yrs, 44.41 per cent over 5yrs, 138.35 per cent over 10yrs, discount of 30.53 per cent Odyssean Investment Trust – -6.40 per cent over 1yr, 67.27 per cent over 5yrs, no 10yr record yet, discount of 1.7 per cent