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Evening Update 04 May

Greve - Striking train drivers have been handed a cheque for one million euro, which was raised from donations by the public. To date 26,000 people have contributed to the fund. Meanwhile Air France crews are on their 12th day of striking over pay, with 15% percent of Air France flights cancelled again today.

Funeral - The remains of the Niçoise policewoman, who died in a scuba–training incident in Paris, will return to Nice for burial next week. Although she died in January, her body was only found on April 29th. The funeral will be held at the Sainte-Réparate Basilica, next Wednesday at 10am.

Hospital - In Monaco, the new head of the Princess Grace Hospital has been announced as 36 year-old Benoîte de Sevelinges. She will succeed the current directer Patrick Bini, at the start of July.

Facebook - Facebook has closed the French account of a local right-wing group, who are campaigning against immigration and so-called Islam-ization. They used the group to co-ordinate patrols of militants, at the French-Italian border, to ensure there were no clandestine crossings into France. Facebook say the group broke their rules on community standards, saying they do not allow hate speech on Facebook.

Fire - Twenty firefighters have dealt with a blaze at a car dealership in Cagnes-sur-mer. The incident happened this morning during rush hour but fortunately the disastrous fire did not claim any casualties.

BUSINESS

Telecom Italia shareholders have voted to form a new board, ending a bitter battle for control between Elliott Management and French conglomerate Vivendi. Elliott Management, an activist fund run by its billionaire founder Paul Singer, won the vote, securing two-thirds of seats on Telecom Italia's board.

Argentina's central bank has raised interest rates to 40% as the country's currency, the peso, continues to fall sharply. The rise is the third is just eight days in a crisis analysts say is escalating and looks set to continue.

Europe’s fastest expanding budget airline, Norwegian, says it has unanimously rejected two bid offers from the owner of British Airways. IAG, which owns 4.6% of Norwegian, is seeking to lift its market share, amid competition from low-cost carriers. However, Norwegian said the proposals undervalued the firm and its prospects.  The markets reacted with Norwegian shares falling 10% while IAG went up almost 6%.

SPORT

Football - AS Monaco will be without captain Radamel Falcao for this weekends league match on Sunday. Falcao suffered an injury to his right thigh and remains in medical care.

Tickets for the France Italy pre-World Cup clash, set for Allianz Riveira in Nice have just gone on sale today. The game will take place on Friday night June 1st with tickets from 20 euro to 95 selling fast today.

Former Liverpool legend Steven Gerrard has just been appointed as the new Rangers manager on a four year deal.

Rugby - Robbie Diack has become the latest player to leave Ulster after opting to return home to South Africa following 205 appearances for the province. He also earned earned two Ireland caps on the 2014 summer tour of Argentina.

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