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Egypt crisis hits tourism and economy

Egypt's crisis is already taking a heavy toll on tourism and the economy, with foreign governments advising against travel to the country, holiday companies scrapping tours and some businesses scaling back operations temporarily pending a resolution to the violence.
Germany and Sweden advised against all travel to Egypt, while the Foreign Office told Britons to avoid all but essential visits. German travel company TUI cancelled all holidays to Egypt for a month and Swedish operators followed suit.
British energy companies are understood to be scaling back staff, although they say production levels have not been cut. Shell said: "To ensure the safety and security of our staff, Shell offices in Egypt are closed for business into the weekend and business travel into the country has been restricted. We will continue to monitor the situation in Egypt." Read more...