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Hello Zhansaya
Thanks for your comment! Even though all of us at the British Council are happy to be able to help and support students like you, it's always nice to get messages like yours.
Take care and stay safe!
All the best
Kirk
The LearnEnglish Team
Hello Nikolaos
It's because it's a conditional sentence. The condition for the Cannes festival being canceled is a situation in which the Coronavirus situation has not improved. That condition is not a changing condition, it is a condition that has improved or has not (otherwise, how can you make a decision to cancel or not?) and so a continuous form expressing change doesn't make sense here.
Please note that it is possible to use a continuous form in conditional sentences (e.g. 'If he's coming to the party, I'm staying home' -- here the present continuous expresses future plans), but a continuous form in the headline you asked about just doesn't express the right meaning.
All the best
Kirk
The LearnEnglish Team