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Evening Update 15 May

Life - Figures from INSEE show the number of people over 80 years of age, is set to double by the year 2050. To cope with the extended life expectancy in the South of France, the Department has today announced a 20 million euro investment programme, to redevelop or build new care facilities. As well as allowing older people to age in comfort, the plan will provide excellent working conditions for staff.

Protest - Protesting students and police clashed today when police had to forcibly intervene and remove students blocking the entrance to an exam hall in Marseilles. The students are protesting changes to university entrance requirements.

Cars - Control Technique centres across the Cote d’Azur are reporting a considerable uplift in car exams, before more rigorous requirements come into force. From this Sunday, cars will be examined for 610 potential defects, 129 of which are considered critical. The increase also means the price of an exam itself, will go from €75 to €100.

Wealth - Prince Albert of Monaco has been listed at the third wealthiest royal in Europe by Business Insider magazine. The Sovereign Prince’s estimated net worth, of one billion US dollars, is twice that of Queen Elizabeth of England. Topping list was Prince Hans Adam II of Liechtenstein, who has a net worth of €5 billion, much of it, in the privately owned LGT Bank.

BUSINESS

Air France KLM have announced an interim management team to replace the airline’s CEO who resigned over the current pay dispute with staff. The three person management committee will include the groups CFO, assisted by the individual heads of Air France and KLM. Existing board member Anne-Marie Couderc will act as non-executive chairman.

Vodafone's chief executive is to leave the mobile phone giant in October after 10 years at the helm. He will be replaced by current finance director Nick Read. Under Vittorio Colao’s leadership, Vodafone  doubled its customer base to 536 million people across 25 countries.

In the United States, the yield on benchmark 10-year Treasury notes has hit its highest level since 2011. The 10-year Treasury note, which rose 7 basis points to 3.06%, is important to investors as a barometer for mortgage rates and other financial instruments.

SPORT

Tennis - British number one Kyle Edmund has continued his excellent run, with a hard-earned round one win at the Italian Open. The win has moves him inside the world's Top 20 for the first time, just one place behind Novac Djokovic. Edmund will next face either Lucas Pouille or Andreas Seppi in round two in Rome.

Formula 1 - Mercedes chief Toto Wolff says he’s worried Lewis Hamilton may be headed for another disastrous race in Monaco. Along with Singapore and Hungary, he said Monaco is not a good track for Mercedes, where last year Hamilton ended up finishing seventh. That’s in sharp contrast to last weekends convincing win in Spain, which put Hamilton 17 points ahead in the championship. The Monaco Grand Prix starts Friday week May 25th.

Football - Former Aston Villa and Bolton defender Jlloyd Samuel has died in a car crash. Aged just 37, Samuel made 199 appearances for Villa, and played 83 times for Bolton between 2007 and 2011.

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