France extended its State of Emergency for three months following the terror attack in the city of Nice at Bastille Day celebration, the country’s most important national holiday, on Thursday evening, July 15. President François Hollande said Europe faces "immense danger" and has called for a "profound change" in the European Union.
Moments after a Bastille Day fireworks display, a French-Tunisian-driven 25-tonne lorry truck plowed into a crowd along the Promenade des Anglais seaside walk in Nice on Thursday, shortly after 22:30 local time (20:30 GMT). The driver then fired shots at fleeing revellers before being killed. As of this writing, the attack has left at least 84 people dead and 202 others injured.
Nice Côte d'Azur International Airport located along Rue Costes et Bellonte in Nice was briefly evacuated on Friday afternoon local time due to a bomb threat. It has since been lifted and passengers were allowed back to the terminal. A message posted at the airport website reads: “Despite the dreadful events that occurred, access to the airport and Air traffic won’t be disrupted.”
While the 31-year-old driver reportedly shouted 'Allahu Akbar' (God is greatest) and pro-ISIS groups began celebrating on social outlets including Twitter and Telegram using the hashtag “#Nice_Attack,” no group has claimed responsibility yet. However, Hollande noted that it mirrors past terror attacks. He raises no questions. Investigators are looking at assassination attempts and any links to terrorist operations.
The city implemented its protocol for a terrorist attack and citizens were asked to stay at home and advised to remain calm. Travelers to the city of Nice were advised to expect stepped-up security at airports and train stations. Hollande then extended the State of Emergency issued after the terror attack that killed 130 in Paris in November to another three months. The said state of emergency is set to be lifted later this month. A military operation has been put in place, allowing the deployment of 10,000 military officers across the country to assist in Nice. Furthermore, borders in the country will be tightened with reservists guarding them.
Border Security Heightened by Neighboring Countries
Several European Union countries, including Germany, Spain and Italy, have stepped up security along their borders with France. Czech Republic also boosted its security at the airport in Prague and other international airports, train stations, and other locations.
US’ New York Governor Andrew Cuomo, meanwhile, directed law enforcement officials to step up security at the state’s major transport hubs including airports and mass transit systems. The state of Chicago’s police has also been monitoring the situation.
Other After Effects
The FTSE 100 opened down 0.23% on Friday. Easyjet’s shares were down around 3%, while British Airways Owner International Airlines Group fell 0.1%. Air France, meanwhile, lost 1.7%.
Several cruise lines including Royal Caribbean, P&O Cruises, MSC Cruises, Norwegian Cruise Line, Oceania Cruises, and Regent Seven Seas Cruises have cancelled port calls and shore excursions to Nice.
These are what we know so far. While France boasts an economy including automotive, aerospace, pharmaceuticals, and a home of one of the busiest airports in the word— Paris-Charles de Gaulle Airport—further details on the attack’s supply chain-related disruptions remain unavailable. But since border security in the country and its neighboring countries has been heightened, supply chain logistics may possibly be affected. We advise that you stay agile and coordinate with your logistics provider to avoid disruptions.