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Evening Update 17 Aug

Drugs - A man and woman in their fifties have been arrested for smuggling a metric ton of cannabis into Nice. Police say the pair had made four or five drug runs from Spain this year, and were arrested this week on the latest, with 300kg of cannabis resin in their car.

Meanwhile in Monaco, a 20 year-old has been given 15 days in jail for possession of 18 grammes of hash with intent to supply. The accused claimed in court he had no idea that selling cannabis was an offence in Monaco.

Bridge - The Genoa bridge disaster, has brought to attention, an audit from the French Transport Ministry, which shows that one-third of French bridges are in need of repair. The auditors examined 12,000 bridges, in addition to 10,000kms of national public roads, where they say 17% are also in need of structural repair.

Tomorrow, as Italy observes a national day of mourning, the Principality of Monaco will show solidarity, by flying flags at half-mast.

Trump - America’s President Trump has announced he is to visit Paris to commemorate the centennial of World War I. The President had been due to hold his own Veterans Day parade in Washington, but the Pentagon has told the President, it will be postponed as it would cost over $90m to stage. The Eylsees Palace in Paris has made no comment on the proposed visit.

Boat - Asia’s largest superyacht is heading for Monaco, where the 88 metre Illusion Plus will be one of the largest vessels to attend this year’s Monaco Yacht Show. With six decks, accommodation for 12 guests across six staterooms, and a cruising speed of 12 knots, the Illusion Plus has a price tag of $145m.

BUSINESS

The US Securities and Exchange Commission is investigating a tweet by Elon Musk, about taking his Tesla car company private, which sparked a rally in share prices. Also of concern is the price that Mr Musk tweeted, he wanted to take the company private at; $420 a share. 4/20 is a common term in the US to describe cannabis, so today Mr Musk has had to say to say that he was ‘not on weed’ when he made the comments.

Annual inflation in the Eurozone increased to 2.1% in July. The increase is good news for the ECB, which aims to end a bond purchasing programme by the end of the year and has signalled a possible interest rate hike next year.

SPORT

Football - Real Madrid have reported Inter Milan to FIFA, over an alleged illegal approach for midfielder Luka Modric. The Croatian player, who captained his country to the World Cup final, had been linked with a move to the Italian team. Real Madrid’s President said the only way Modric would leave, was if his €750m release clause was met.

Manchester United manager Jose Mourinho says he couldn't be happier with Paul Pogba after the French midfielder suggested he was dissatisfied with life at Old Trafford. The World Cup winner fell out of favour last season and this summer has been linked with a move to Barcelona. However Mourinho said Pogba is playing well, does well for the fans, does well for the team, and that's all Mourinho wants.

Rugby - England's Danny Cipriani has been charged with ‘conduct prejudicial to the interests of the game’ by the Rugby Football Union. It comes after a court fined him £2,000 following an incident in a Jersey nightclub. The RFU say Cipriani's disciplinary hearing will take place next week.

Cricket - Ben Stokes will make his England return in the third Test against India at Trent Bridge tomorrow. The Durham all-rounder missed the second Test due to a trail, which found him not guilty of affray, on Tuesday.

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