A gunman, identified as an affiliate of ISIS, shot at police officers parked along the Champs-Élysées in Paris.
The assailant has long been a person of interest by the French Police.
To protect iconic landmarks in Paris after a series of terrorist attacks, the city has granted $22 million to build a bulletproof wall surrounding the famed Eiffel Tower, one of the country's top tourist destinations. The structure alone will also undergo a series of development within 15 years to further improve security with a budget of $320 million.
Famous designer Karl Lagerfeld is investing in his own group of hotel chains, restaurants, night clubs and residential properties. This comes after other famous designers launched their own similar ventures.