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Evening Update 12 Oct

Assault - The sexual assault claims against American movie producer Harvey Weinstein have now reached the Riviera, with stories of orgy parties at the Cannes Film Festival. French actress Judith Godrèche, has also said Mr Weinstein tried to assault her at the Eden Roc Hotel in Antibes, while French ‘Bond Girl’ Léa Seydoux has made similar claims. Organisers of the Film Festival in Cannes have released a statement saying they are dismayed to discover the charges but that their thoughts go the victims and those who have the courage to testify and denounce these unacceptable practices.

Strikes - More strikes and protests could be coming as President Macron launches his second round of reforms. This time he wants to transform the French social model, including the generous unemployment benefits system. As well as extending unemployment payments to the self-employed people and farmers, he’s also proposing that claimants can only refuse one job for which they are qualified. If they refuse twice, they lose their payouts.

Drink - The Mayor of Ventilmillia has announced a crackdown on alcohol sales, with a ban on selling alcohol in shops or supermarkets after 7.30 in the evening, along with a total ban on drinking in the streets. The bans are a result of increasing alcohol related violence in the town.

BUSINESS

Two of America's biggest banks have been hit by a drop in bond trading revenue, in the three months to September, but profits still rose. JP Morgan Chase profits rose 7% to $6.7bn, while Citigroup profits were up 8% at $4.1bn. The banks had warned that trading revenues would be weaker, compared to a post-Brexit surge last year.

James Murdoch has been re-elected as Sky chairman after narrowly winning the support of independent shareholders. At the broadcaster's annual meeting, 51.5% of independent investors voted for him. Some investors had complained that Mr Murdoch faces a conflict of interest, as both chairman of Sky and chief executive of 21st Century Fox, which wants to by the company.

Lufthansa is set to sign a deal to buy parts of failed German carrier Air Berlin. The airline had filed for bankruptcy in August after its main shareholder, Etihad, said it would not give further financial support.

SPORT

Tennis
At the ATP Shanghai Masters, Gilles Simon, from Nice, has lost out to fellow Frenchman Richard Gasquet,  in a game that ended 5-7 7-6 3-6. Top seed Rafael Nadal continued his bid for a first Shanghai Masters title by seeing off Italy's Fabio Fog.nini in an impressive 6-3 6-1 victory which took in little over an hour to play. He next faces Grigor Dimitrov in the quarter finals.

Meanwhile, British number one Johanna Konta will miss the WTA Finals after withdrawing from next week's Kremlin Cup with a foot injury. She needed to reach the final in Moscow to qualify for the season finale which features the top eight players in the world.

Football
Gordon Strachan has left his position as Scotland manager. The decision, was taken by mutual consent with the Scottish FA board. Strachan and his assistant Mark McGhee have stepped down with immediate effect.

Criminal proceedings have been opened into Paris St-Germain's chairman Nasser Al-Khelaifi by Swiss prosecutors. The proceedings are connected to an ongoing investigation into the former FIFA secretary general Jerome Valcke, and relate to the sale of World Cup TV rights to BeInSports, of which Al-Khelaifi is chief executive.

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