France Promised Curfews, Not a Lockdown — Here’s the Difference

France spent the back half of October trying to calm nationwide unrest. More than half a million people took to the streets on October 18, 2026. Some of those protests turned into looting and arson in several cities. The France curfew protests have eased since then. Prime Minister Sebastien Lecornu’s government is still weighing targeted curfews rather than declaring the crisis over.

What set off the France curfew protests

The October 18 demonstrations combined two separate grievances. Students had already been protesting education conditions for weeks. A wider group of demonstrators turned out over the rising cost of living and fuel prices on the same day. According to Al Jazeera’s reporting, the protests spread into looting and arson in multiple locations. More than 2,500 people have been arrested so far.

Arc de Triomphe and central Paris avenue, a focal point during the France curfew protests unrest

The cost-of-living piece of the protests reflects a strain that has been building in France for months. Fuel prices climbed through much of 2026, squeezing households already dealing with higher grocery and housing costs. Unlike the student demonstrations, which focused on specific education policy complaints, the broader cost-of-living protests drew a wider crowd. That crowd included workers from multiple industries who do not typically join the same demonstrations.

A targeted curfew approach, not a nationwide lockdown

Lecornu did not impose a single blanket curfew. He said on October 20 that new curfews would apply only where local authorities judge them necessary. Each prefecture is coordinating directly with its own mayors. That is a notably different approach from a nationwide measure. It reflects how unevenly the unrest has actually spread across the country.

Digital Minister Anne Le Henanff took aim at a secondary problem: looted goods being resold online. She met with social media company executives to press them to remove listings for stolen merchandise. It was an unusual but direct response to unrest that spilled from the streets into e-commerce platforms within days.

Local officials in the hardest-hit cities welcomed the flexibility a targeted approach gives them. A single nationwide curfew would have applied even to areas that saw little or no unrest, a mismatch critics said would have punished calm regions unfairly. Mayors in cities that avoided serious violence pushed back early against any blanket measure, and Lecornu’s prefecture-by-prefecture approach appears designed partly to address that specific objection.

The government’s week of political meetings

Lecornu laid out a short, deliberate schedule after announcing the curfew approach. First came a meeting with union officials. Talks with political parties followed soon after. That sequencing suggests the government wanted labor groups on side before opening broader political talks. It is a sign of how seriously officials are treating the political risk here. They worry the unrest could become a vehicle for opposition parties, rather than staying a contained public-order problem. Euronews reported that President Macron separately denounced the rioting and looting directly.

Opposition lawmakers offered sharply different readings of the same unrest. Some on the left argued the protests reflect a genuine crisis of household purchasing power that the government has ignored for too long. Some on the right argued the demonstrations show a breakdown in public order that demands a tougher security response rather than further political dialogue. Lecornu’s government has tried to occupy a middle position, acknowledging the economic grievances while still promising a firm response to the looting and arson specifically.

Why the timing matters for France’s 2027 election

The unrest lands just over a year before France’s presidential election in April and May 2027. Macron cannot contest that vote himself because of term limits. Current polling puts Marine Le Pen of National Rally in the lead. Jean-Luc Melenchon of La France Insoumise sits close behind her. Both politicians have faced accusations of exploiting the protests for political gain. That adds extra pressure on Lecornu’s government to be seen managing the crisis competently, not just policing it.

Analysts covering French politics have noted that unrest this far ahead of an election rarely determines the outcome by itself. It can, however, shape which issues dominate the campaign once it formally begins. A prolonged standoff over cost-of-living measures would likely keep economic grievances near the center of the 2027 race. That would benefit whichever candidate voters trust most to address rising prices directly.

How this unrest compares with past French protest waves

France has a long history of large, disruptive street protests, from the 2018 to 2019 Yellow Vest movement to repeated pension reform strikes in recent years. What sets this round apart is the combination of two separate grievances. Student conditions and cost-of-living pressure arrived at the same moment, rather than one dominating the other. That overlap is part of why the government’s response has focused on local, targeted measures instead of a single nationwide policy.

Historians of French protest movements point out that sustained unrest often leaves a lasting mark. Even once it fades from the streets, its effect on policy debates can linger for years. The Yellow Vest movement, for instance, reshaped how French governments approach fuel tax changes long after the protests themselves ended.

What happens next as France tries to de-escalate

Monday night passed without major incidents, according to police. That is a sign the worst of the unrest may have passed for now. Demonstrators still called for a fresh round of protests on October 24. France’s main trade unions have not backed that call, though, which suggests the movement has fractured into smaller, less coordinated groups rather than disappearing outright. Whether Lecornu’s targeted curfews hold through the weekend will be the clearest early test of whether the government has actually regained control.

For more on how governments elsewhere are managing political and economic pressure, see Tamara News’ coverage of the EU’s Brussels summit on frozen Russian assets and the latest Russia-Ukraine peace talks.

New Zealand Graduate Work Visas Change on 16 November

From Monday 16 November 2026, the New Zealand graduate work visa options change: a new Short-Term Graduate Work Visa opens and the government widens eligibility for its Post Study Work Visa, with applications for both made through Enhanced Immigration Online. Immigration New Zealand (INZ) announced both changes. The new visa gives six months of open work rights, and the wider Post Study Work Visa now reaches more graduates holding diplomas, postgraduate diplomas and master’s degrees.

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The Short-Term Graduate Work Visa

INZ says the new visa gives graduates six months of open work rights to look for work and, where suitable, move to an Accredited Employer Work Visa. Eligible graduates hold a New Zealand Qualifications and Credentials Framework (NZQCF) Level 5 to 7 qualification, studied full-time for at least 24 weeks in New Zealand, that is not an English language, foundation or bridging course and does not already qualify them for a Post Study Work Visa. They need at least NZ$5,000 available to support themselves, a medical certificate and chest X-ray where required, and must never have held a Short-Term Graduate Work Visa or Post Study Work Visa.

The visa allows work under an employment agreement or contract for services but not business ownership. It cannot be extended or granted a second time. Holders cannot support a partner’s work visa or a dependent child student visa, although partners and children may apply in their own right.

Wider Post Study Work Visa eligibility

For the longer visa, INZ lists these groups as benefiting from 16 November: graduate diploma (Level 7) holders who also hold a bachelor’s degree, postgraduate diploma (Level 8) graduates who may receive a one-year visa, and master’s (Level 9) graduates who may receive a three-year visa. Postgraduate diploma and master’s applicants need at least 30 weeks of full-time study in the qualification the visa is based on. Transferred credits, cross-credits and recognition of prior learning do not count toward the master’s for this purpose.

Only one Post Study Work Visa can be held per person. Holders can support partners and dependent children on visitor, work or dependent child student visas, if the requirements are met.

Filing windows and cut-offs

The Short-Term Graduate Work Visa must be applied for within three months of the student visa expiring. INZ’s own example is that a student visa which expired before 16 August 2026 would not qualify when applications open. Law firm Clark Hill’s September APAC recap adds that paper Post Study Work Visa applications end, with those filed by 15 November 2026 still processed. Treat that detail as the law firm’s reading and confirm it on the INZ site.

A worked example

Consider a hypothetical graduate. Maricel is a Filipino graduate finishing a Level 7 qualification that does not lead to a Post Study Work Visa. Under the new rules she could apply for the six-month visa within three months of her student visa ending, use that time to find an employer, and then explore an Accredited Employer Work Visa. She would need her funds evidence and medical documents ready before she applies. A neighbouring example: our report on Australia’s student visa changes shows how quickly neighbouring countries are reshaping post-study options.

What to do before 16 November

Check your qualification level and study length against the INZ lists, note when your student visa expires, and gather proof of funds and health documents. Create your Enhanced Immigration Online login in advance. If you are comparing study destinations, the visa eligibility checker can help you weigh post-study options before you pay tuition deposits.

New Zealand graduate visa questions

These answers rely on the INZ announcements cited above.

When does the Short-Term Graduate Work Visa open?

Applications open on Monday 16 November 2026 through Enhanced Immigration Online, according to Immigration New Zealand.

How long does the visa last?

Six months with open work rights, per INZ.

Can I get it twice or extend it?

No. INZ says holders cannot apply for a second visa or extend the first.

Who gets the three-year Post Study Work Visa?

Master’s (Level 9) graduates who meet the 30-week full-time study requirement in the master’s itself.

How much money do I need?

INZ says at least NZ$5,000 available to support yourself for the Short-Term Graduate Work Visa.

Can I run a business on this visa?

No. INZ says work must be for an employer under an agreement or contract for services, and business ownership is not allowed.

Sources

JPMorgan’s Profit Jumped 6% — So Why Did Its Stock Drop?

JPMorgan Chase kicked off this quarter’s run of big bank earnings on October 13, 2026. It reported a 6% rise in third-quarter profit to $15.31 billion. Rising expenses took some shine off the result. The JPMorgan third quarter profit beat the prior year’s figure on the back of stronger lending income and lower losses set aside for bad loans.

Inside the JPMorgan third quarter profit numbers

JPMorgan earned $5.57 per share in the quarter, up from $5.07 a year earlier, on net income of $15.31 billion. The bank also reported an adjusted figure that strips out special items. On that basis, profit was even higher, at $15.8 billion, or $5.75 per share. Total net revenue reached $50.91 billion on a managed basis. That is an 8% increase from $47.12 billion a year earlier, according to figures reported by RTTNews.

Stock exchange sign representing market reaction to JPMorgan third quarter profit

Net interest income rose 13% to $27.1 billion. That is the money banks make from the gap between what they pay depositors and what they charge borrowers. Non-interest revenue grew a more modest 3% to $23.8 billion. This category includes fees from trading, advisory work, and asset management.

JPMorgan’s consumer banking division also played a role in the results. Credit card spending held up through the quarter, a sign that household spending has not pulled back sharply despite ongoing inflation concerns. Deposits across the bank’s retail and commercial units stayed broadly stable too. That stability matters. Sudden deposit outflows were a central worry during the regional banking stress of recent years. JPMorgan’s results offered no sign of a repeat this quarter.

Lower credit losses helped the bottom line

JPMorgan set aside $2.74 billion for potential credit losses in the quarter, down from $3.40 billion a year earlier. A smaller provision signals something specific. It means the bank is less worried about borrowers defaulting than it was a year ago. That is one of the clearest signals in any bank earnings report. It shows how healthy the bank’s lending book looks heading into the rest of the year.

That improvement came even as noninterest expense rose 12% to $27.30 billion. JPMorgan attributed the increase to higher compensation, brokerage costs, distribution fees, marketing spending, and technology investment. Rising costs alongside rising revenue is a pattern investors will watch closely as the rest of the big banks report.

The drop in credit-loss provisions extended across both consumer and commercial lending books. Fewer borrowers missed payments compared with the same period last year, according to the bank’s own disclosures. That trend, if it continues through the rest of the year, would suggest the broader economy is holding up well. Forecasters had expected more strain heading into 2026, especially with interest rates still elevated by historical standards.

Markets gave the report a mixed reception

Despite the profit increase, JPMorgan’s shares slipped about 2.5% in pre-market trading the morning results came out, trading near $326.03. A profit beat followed by a stock decline usually points to one thing. Investors are focusing on a specific detail in the report rather than doubting the headline growth itself. Here, that detail was the sharp rise in expenses.

JPMorgan’s own investor relations announcement confirmed the date of its earnings call. Executives typically give more detail on segment performance on that call than the initial headline release covers.

Some analysts framed the pre-market stock dip as a short-term reaction rather than a lasting verdict on the quarter. They pointed out that JPMorgan’s trading and investment banking revenue, a volatile line item from quarter to quarter, came in roughly in line with expectations. Others said the market’s focus on expense growth reflects a broader worry on Wall Street. Banks are competing heavily on technology spending and talent retention, and investors want proof they can still keep costs under control.

JPMorgan sets the tone for bank earnings season

JPMorgan is the largest U.S. bank by assets. Its results are traditionally read as an early signal for the health of the broader banking sector and, by extension, the wider economy. A rise in lending income alongside a drop in credit-loss provisions generally points to steady consumer and corporate borrowing conditions. Rising costs, on the other hand, suggest banks are still spending heavily to compete on technology and talent.

JPMorgan Chief Executive Jamie Dimon has used past earnings calls to comment on the broader economy, not just his own bank’s numbers. Investors and reporters alike tend to parse his remarks closely for hints about where he sees risk building, whether in commercial real estate, consumer debt, or geopolitical tension affecting markets.

How other major lenders compared this season

JPMorgan’s report opened a stretch of major bank earnings that also included Goldman Sachs this quarter. Investors use the combined results from the big lenders to judge market direction. They want to know whether lending, trading, and deal-making activity are moving the same way across Wall Street. Or whether one bank’s performance is simply an outlier tied to its own specific business mix.

Goldman Sachs, which reported in the same window, leans far more heavily on trading and investment banking than JPMorgan’s more diversified business mix. Comparing the two banks side by side gives investors a clearer picture. It shows which parts of Wall Street’s business, traditional lending or capital markets activity, are carrying more of the quarter’s overall growth.

What happens next in bank earnings season

The next signal to watch is whether net interest income trends hold up through the Federal Reserve’s October policy meeting. Any shift in the rate outlook directly affects what banks earn on loans versus what they pay out on deposits. A hold, a cut, or a hike would each ripple differently through next quarter’s bank results.

For more on how major financial firms performed this earnings season, read Tamara News’ coverage of Goldman Sachs and Wells Fargo’s third-quarter results and TSMC’s AI-driven earnings.

Instacart Quietly Explored Selling Itself — and the Market Noticed Fast

Instacart has held talks about selling itself to two of its biggest rivals in grocery and food delivery. Reports from The Information and Bloomberg sent the company’s shares sharply higher on October 23, 2026. The Instacart sale talks reportedly involved both DoorDash and Uber. Neither company has confirmed a deal is close.

What is known about the Instacart sale talks

The Information reported that Instacart hired an investment bank to evaluate its strategic options. The same report said the company had held acquisition discussions with DoorDash. Bloomberg separately reported that Instacart also talked with Uber about a possible sale. Bloomberg said Uber walked away from those conversations. Neither report, as covered by TechCrunch, included a specific price or valuation for a potential deal. Bloomberg also cautioned that the discussions are at an early stage and may not lead anywhere.

Shopper loading groceries into a vehicle, part of the delivery logistics behind the Instacart sale talks

Instacart has not issued a public statement confirming or denying the talks. That silence is typical for a company in early-stage strategic discussions. Premature confirmation can complicate negotiations. It can also trigger disclosure obligations before anything is final.

Instacart went public in 2023 at a valuation well below its earlier private funding rounds. Since then, the company has worked to prove it can grow steadily in a notoriously thin-margin business. Grocery delivery costs more to run than restaurant delivery. Orders are larger, deliveries take longer, and retailer partnerships require constant negotiation over fees and data sharing. That operating reality shapes why a sale to a larger, better-funded rival might appeal to Instacart’s board even without financial distress forcing the decision.

Why the market reacted so quickly

Instacart’s stock jumped more than 9% on the day the reports surfaced. That is a sharp move for a company whose shares were already up around 25% for the year. DoorDash and Uber shares both fell. That is the pattern investors often expect when a deal’s cost or dilution risk falls on the buyer’s side, even before any terms exist. A separate pickup of The Information’s reporting, carried by Investing.com, framed the DoorDash talks as a defensive move. The goal would be to keep a fast-growing grocery delivery rival from falling into a different competitor’s hands.

Wall Street analysts covering the sector offered mixed reactions to the reports. Some noted that DoorDash has been expanding well beyond restaurant delivery for the past two years, adding grocery, retail, and convenience store partnerships of its own. Buying Instacart outright would be a faster way to gain scale in groceries than building that capability from scratch. Others cautioned that a deal of this size would take months to negotiate even if talks accelerate from here, and plenty of early-stage discussions like this one quietly fall apart before any public announcement follows.

The competitive logic behind a possible sale

Grocery delivery has consolidated steadily over the past several years. Instacart has spent that time building market share in a category that is harder to enter than restaurant delivery. It requires deeper retailer partnerships. It also requires more complex logistics than handing off a single restaurant order. Selling now, while the company’s stock sits near a multi-year high, is the kind of timing a board under pressure to maximize shareholder value would take seriously, especially before a rival builds out its own grocery capability from scratch.

At the same time, a sale to either DoorDash or Uber would combine two of the largest players in on-demand delivery. That combination is likely to draw attention from antitrust regulators regardless of which buyer ultimately emerges, if either does.

Instacart’s advertising business is also part of its appeal to a potential buyer. Like many delivery platforms, Instacart sells promoted placement to grocery brands trying to reach shoppers inside the app. That advertising revenue carries far higher margins than the delivery business itself. A buyer gaining Instacart’s advertising relationships, not just its delivery network, would be acquiring a business that looks more like a media company in parts of its operation.

What a deal would mean for grocery delivery customers

For now, nothing changes for shoppers who use Instacart, DoorDash, or Uber’s delivery services. Early-stage talks of this kind frequently stall before anything is signed. Even when they do lead to a deal, regulatory review in the United States typically takes months. Any integration of apps, pricing, or delivery networks would only begin after that review clears.

Retailers that already partner with Instacart, including major grocery chains, would also be watching any deal closely. Those partnerships took years to negotiate and depend on trust between Instacart and the stores it serves. A change in ownership could reopen questions about data sharing, exclusivity, and fees that grocery chains thought were already settled.

What Wall Street analysts are watching for

Analysts covering the delivery sector will be watching Instacart’s next earnings call closely for any hint of management’s thinking, even if executives decline to comment directly on deal speculation. A formal sale process, if one begins, typically shows up first in a securities filing rather than a press statement, since public companies face strict rules about when takeover discussions must be disclosed to all shareholders at once.

What happens next with Instacart’s future

Watch for whether Instacart’s board moves from exploring options to running a formal sale process. That shift would likely surface in a regulatory filing or a leak naming additional bidders. Also worth watching is whether DoorDash, having reportedly stayed in talks longer than Uber, re-engages. A private equity buyer entering the picture instead would not be a surprise, since grocery delivery assets with real market share have attracted financial buyers before.

For more on recent consolidation in consumer tech and delivery, see Tamara News’ coverage of the Bumble-Ithaca Holdings acquisition and Tesla’s latest quarterly results.

Netherlands Master’s Scholarships for 2027: Key Deadlines

Two Dutch universities have Netherlands master’s scholarships for September 2027 with deadlines on 1 February 2027, and the steps before that start earlier. VU Amsterdam’s Fellowship Programme covers tuition and its Studielink registration is advised by 1 December 2026. Maastricht University runs a separate NL High Potential Scholarship. Both are aimed at students from outside the EU and EEA, and both require admission to a master’s programme first.

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VU Amsterdam Fellowship Programme

According to VU Amsterdam, the programme covers tuition fees only, with no allowance for rent, food or insurance. A small number of recipients also receive a one-off NL Scholarship of €5,000 toward first-year living costs, from roughly 20 to 25 available a year. Applicants need a non-EU/EEA passport, no Dutch nationality, and a bachelor’s GPA equivalent to a Dutch 8.0 on the 1 to 10 scale. They must be admitted, conditionally or unconditionally, to a full-time English-taught master’s starting in September 2027. February starts and joint programmes where VU does not run admissions are excluded.

The dates are firm. Studielink applications open on 1 October 2026 with an advised deadline of 1 December 2026. The fellowship application opens on 1 November 2026 and closes on 1 February 2027 at 23:59 CET. Results are expected in mid-March 2027, and offers must be accepted by the end of March. Meeting the GPA minimum only gets an application processed and does not guarantee an award.

Maastricht NL High Potential Scholarship

Maastricht University lists the scholarship on its own scholarship page for students from abroad. We could not read the full 2027-28 terms there, so the details below come from a third-party summary on Scholars4Dev and should be checked against the university before you apply. That summary reports 21 awards of up to €36,000 per academic year, a scholarship application deadline of 1 February 2027, a GPA of 7.5 out of 10 or higher, a maximum age of 35 on 1 September 2027, and no earlier degree-seeking study in the Netherlands. It also gives conflicting admission deadline dates, one of which looks like a typo for 10 December 2026, so confirm the admission cut-off with Maastricht directly.

Order of steps

The sequence matters because both schemes require admission before the scholarship application. Register for your programme in Studielink, receive conditional admission, then submit the scholarship form with transcripts. Each form can only be submitted once, so gather the documents first and read the instructions twice. Our report on the Erasmus Mundus joint master’s deadlines covers a parallel European route with similar timing.

A worked example

Consider a hypothetical applicant. Linh is a Vietnamese engineering graduate with a strong transcript who wants a one-year master’s in Amsterdam. She would register in Studielink before 1 December 2026, wait for conditional admission, prepare her transcript with a clear explanation of the grading scale, and submit before 1 February 2027. If she is selected, tuition is covered but she would still need to budget for housing and living costs, unless she receives the NL Scholarship contribution.

Choosing between them

The two schemes differ in what they pay for, so read the terms before assuming either covers living costs. The VU programme is described by VU as tuition-only. The Maastricht summary reports a larger package, but that comes from a non-official source. Funding of this kind is competitive, so applying to more than one university is reasonable, as long as each application follows its own rules. Students weighing the UK instead can read our guide to the Clarendon Scholarship at Oxford. If you are unsure which visa and study route fits your profile, try the visa eligibility checker.

Dutch scholarship questions

When is the VU Fellowship Programme deadline?

The fellowship application closes on 1 February 2027 at 23:59 CET, according to VU Amsterdam. The advised Studielink deadline is 1 December 2026.

Does the VU programme pay living costs?

No. VU says it covers tuition only. A few recipients also receive a one-off €5,000 NL Scholarship.

Who can apply?

Students with a non-EU/EEA passport and no Dutch nationality who are admitted to a full-time English-taught master’s starting in September 2027, with a bachelor’s GPA equal to a Dutch 8.

What is the Maastricht scholarship deadline?

A third-party summary gives 1 February 2027 for the scholarship. Confirm this and the admission deadline with Maastricht University.

Do I need admission before applying?

Yes, for VU you must be conditionally or unconditionally admitted before submitting the fellowship application.

When are VU results announced?

VU expects results in mid-March 2027, with offers to be accepted by the end of March.

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