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Evening Update 06 December

Bail - The Russian oligarch arrested at Nice airport two weeks ago, will not be detained in jail, after he posted a bail of €40 million. Senator Kerimov, whose fortune is estimated at €6 billion, was arrested on charges of tax fraud and money laundering, after a number of property purchases on Cap d’Antibes. Although he has avoided jail, he must remain on the Riviera.

UNESCO - Two towns on the Cote d’Azur are vying to be the next UNESCO World Heritage Site. Following Cannes’s announcement, they are to apply on behalf of the Lerins Islands, the city of Nice is slightly ahead, after receiving permission to continue to the next stage of their application. Mayor Christian Estrosi described it as a major step for the city.

Park - Smart parking is to be introduced in Nice in the New Year. Smart-meters will allow motorists to use their phone’s to save their car details and pay using the either the phone or by credit card. Monthly and yearly subscriptions will also be available for residents.

Hallyday - The Cote d’Azur is to pay tribute to Johnny Hallyday, France’s biggest ever rock star, who died last nighta aged 74. A portrait of the singer will be installed at the Water Mirror in Nice and many of his hits played over speakers. The City Council are also expected to announce, that a street in the city, is to be renamed Rue Hallyday.

BUSINESS

UK Brexit Secretary, David Davis, has told parliament, the government has not carried out any impact assessments, that leaving the EU will have on the UK economy. He said the usefulness of such assessments would be near zero because of the scale of change that Brexit is likely to cause.

Steinhoff International has seen its shares fall by up to 66%, after it said it would launch a probe into accounting irregularities. The news came as the company’s CEO resigned, and the South African group postponed its full-year results, while PwC conduct an independent investigation. Steinhoff owns 40 local brands in more than 30 countries, including Poundland in the UK, as well as furniture and homeware stores.

SPORT

Football - In Champions League tonight, AS Monaco take on Porto, and although the result matters little to Monaco, Porto need a win, or at least a draw, to progress to the next stage of the league. So Monaco could scupper their chances, with a win tonight in Portugal. Kick-off is at 8.45.

And up to five UK teams are expected to make it through to the last 16 of the league, when tonight’s final games are finished. Tottenham, Chelsea, Manchester City and Manchester United are already though, with the fate of Liverpool to be decided in their home game against Spartak Moscow. If they win, it will be the first time, five UK teams have made the Champions League last 16.

Athletics - The Kremlin says Russia must avoid an emotional response after being banned from the Winter Olympics. They said decision to exclude Russia from the Games in South Korea next February, required serious analysis. The IOC made the rulings after two investigations outlined a state-sponsored doping programme in Russia.

Tennis - Serena Williams has entered to play the Australian Open in January just three months after giving birth to a daughter in September. Williams won the event earlier this year while in the early stages of pregnancy.

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