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Evening Update 13 Apr

Tram / Strike - No trams are operating in Nice today as drivers walk out over the conviction of a driver given a 6 month sentence for manslaughter. Unions say the driver is innocent, as it was a problem in the braking system that caused the accident, which led to the death of a pedestrian. Lignes d’Azur are running replacement busses, along the tram tracks instead.

Across the rest of the region, commuters are dealing with another day of rail strikes, severely curtailing services between Les Arcs and Ventimiglia.  The strike is in place until 8am on Sunday morning, after which the next stoppage will be Wednesday & Thursday next week.

Wall - Twenty-one families have been evacuated in Cagnes-sur-mer as a five metre wall, destabilised during yesterday’s rain, threatens to give way, collapsing the above road and several precariously parked cars, onto their homes on l’Avenue de Grasse. Authorities are on the scene strengthening the roadway, the wall and removing the cars.

Hallyday - A French court has frozen the assets of Johnny Hallyday, as his children David and Laura dispute the singers last will and testament, which left Johnny’s entire estate to his 43 year-old wife. It will be frozen until courts can decide; if it was legal to disinherit his grown children, or, if the will itself is considered legal.

BUSINESS

JP Morgan Chase has reported better than expected first-quarter earnings, although trading revenue growth, remained light. Earnings were $2.37 a share versus an estimated $2.28 while revenue was $28.52bn versus an estimated $27.68.

Analysists are saying oil prices could skyrocket to over $100 a barrel, as tensions escalate in the Middle East. Already ‘crude futures’ have surged to highs not seen since December 2014, due to the political uncertainty in Syria and the prospect of imminent military action.

The London Stock Exchange has announced David Schwimmer as their new chief executive to replace Frenchman Xavier Rolet, who quit last November. Mr Schwimmer, who spent 20 years with Goldman Sachs, will take up the post in August.

SPORT

Football - Draws have taken place for the semi-finals of the Champions and Europa Leagues today.  In Champions Leagues, Liverpool play Roma, while Bayern will take on Madrid.  In the Europa League semi-final draw, Arsenal are against Atletico and Marseille play Salzburg.

Commonwealth Games - Australia continue to dominate with 168 medals so far, of which 65 are gold. Way behind, but still in second place are England with 99 medals (31 Gold) and India with 42 medals overall.

Tennis - The Monte Carlo Rolex Masters gets underway tomorrow at the Monte Carlo Country Club. World number one Rafael Nadal is the defending champion, and looking for his 11th Monte Carlo title at the tournament. Qualifiers start tomorrow before the big guns join in at the start of next week.

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