Evening Update 07 Aug

Five motorists, each one driving a Porsche in a high speed convoy going over 200km/h, have been stopped by French police. The incident happened around six yesterday evening, when five Korean nationals all on holiday in France with rented Porches, were stopped for driving at excessive speed. Each had their car confiscated, was given a €750 fine and issued with a driving ban in France.

There are still disruptions to flights between London and Nice Cote d’Azur airport today following an IT failure in the UK. Two British Airways flights were cancelled this morning, while tonight’s 7pm arrival and 7.50 BA departure to Heathrow has been cancelled also. Overall more than 200 flights across the UK were delayed or cancelled due to the IT outage. Anyone travelling to the UK tonight is advised to check with their airline.

Police in Nice put a complete stop to diving at the popular Rauba Capeu diving spot and completely banned diving in the area. To ensure the ban is kept in place, police have covered the entire area in netting, making access impossible. The diving spot, popular among young people, is treacherously dangerous with three serious incidents so far this summer, one which led to a traumatic brain injury.

There’s a new scam on the beach. Sun bathers are warned that criminals now have small electronic devices that can copy credit card details. Victims are often unaware that a beachgoer or a "fake tourist" sitting beside them, can copy bank details from contactless credit cards. Riviera Radio listeners on Facebook advise getting an RFID wallet which will block any signals with contactless cards.

BUSINESS

An accelerated slide has seen 10-year US Treasury yields hit their lowest value since 2016. It’s on the back on concerns about the US/China trade war and aggressive rate cuts by overseas central banks. The yield on the 10-year Treasury note, used as a benchmark for mortgage rates and car loans, hit a low of 1.59%.

Stocks are falling once again on Wall Street with the Dow Jones Industrial Average dropping almost 500 points. Investors are moving back into safe havens like gold, just as they did on Monday, when stocks dropped the most they have in a single day this year, while gold reached a six-year high.

SPORT

Athletics - Italy have been warned they could be banned from the Olympic Games next year. It follows a move by the Italian government last night to become more involved in the management of their national Olympic Committee. In a letter to the Italian Committee, the IOC said the government move ‘would call into question’ the committees independence and could, in the worst case, lead to exclusion from the next Olympic Games in Tokyo.

Tennis - The Top 10 highest-earning female sport athletes over the past year are all tennis players. Serena Williams tops the list after earning $29m while Japan's Naomi Osaka, who beat Williams in the US Open final, is second.

Last local news

Evening Update Friday 24 January 2020

It’s been another day of industrial action across France today in protest at the government’s proposed pension reforms... Evening Update Friday 24 January 2020 Read More

24/01/2020

French and Riviera News.Friday January 24th 2020

Strike action-Public transport is being seriously affected today because of strike action in protest over the government’s pension reforms.... French and Riviera News.Friday January 24th 2020 Read More

24/01/2020

Evening Update Thursday 23 January 2020

Protesting lawyers this morning blocked the entrance to the Prefecture in Nice and then blocked an access ramp to the motorway... Evening Update Thursday 23 January 2020 Read More

23/01/2020

Pension Reform and strikes

The French government has said it will look at punishing striking workers who cut power supplies to tens of thousands of homes and businesses people i... Pension Reform and strikes Read More

23/01/2020

Nicoise Alizé Cornet knocked out of Australian Open

French tennis player and Nicoise Alizé Cornet has been knocked out of the Australian Open, the last French woman in the running, was eliminated on Th...  Nicoise Alizé Cornet knocked out of Australian Open Read More

23/01/2020