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Evening Update 13 July

Transport - Angry rail passengers brought local TER train services to a standstill this morning, by occupying the track at Nice Riquier station. They were protesting the poor level of service, late trains and trains being cancelled at the last minute without warning or reason. Trains eventually returned to normal after 10am.

Helicopter - Two people have died after their helicopter crashed at Estérel near St Raphael this morning. The accident happened around 9.30, with emergency services very quickly on the scene, to control the burning wreckage.

July 14 - Tomorrow, Bastille Day, Nice will commemorate the attack of two years ago, with special ceremonies on Place Masséna staring from 4pm. They will be attended by French Prime Minister Edouard Philippe, Mayor Christian Estrosi, victims and families of those who died on the night. On the prom, Villa Masséna will also be open to those who wish to visit the memorial to the victims. No fireworks will light the sky over Nice this year, but the city council do promise a return of Bastille Day fireworks beginning next year. As a mark of respect, fireworks displays will be held after Bastille Day, on the 15th of July from next year onwards.

BUSINESS

JP Morgan Chase has posted record second-quarter profit of $8.32 billion. Profit surged 18 percent, clobbering analyst estimates of 9.4 percent, and earnings per share at 2.29 beating the $2.22 estimate. The company's revenue increase was less stark, rising 6 percent to $28.4 billion.

China's monthly trade surplus with the US hit a record high of nearly $29bn last month as exports to America remained strong. The figures come a week after the beginning of the trade war between the two countries, with the US imposing tariffs on $34bn of Chinese goods, and China retaliating. This week, the Americans have threatened to impose 10% tariffs on another $200bn of Chinese imports. Analysts expect to see the impact of the latest tariffs in July's figures.

SPORT

Patrick Vieira having a tough start with OGC Nice as striker Alassane Plea, who scored 44 goals for the club, has become the latest key player to depart the team. With immediate effect he’s moving to German club Borussia Moncheng.ladbach on a transfer of about €25m. The departure follows the news yesterday that Mika Seri and Maxime Le Marchand have just signed to UK club Fulham and the Italian Mario Balotelli is about to transfer to rival club Olympic Marseilles.

Chelsea have officially announced the sacking of manager Antonio Conte after two years in charge. Conte, who had one year remaining on his contract, won the Premier League in his first season and the FA Cup in May, but the team finished fifth in the league last season, missing out on Champions League qualification. Ex-Napoli manager Maurizio Sarri is expected to succeed him.

 

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