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Evening Update 23 Aug 2017

Accident - Another teenager has died on the roads this week after an accident at La Trinité last night. The 19 year-old was riding a scooter, which collided with the blades of a forklift, which was loading a truck at the time.

Fire - Reports are coming in of a fire above Monaco. Plumes of smoke can be seen coming from the Moyenne Corniche on the Monte-Carlo side of Port Hercule. Fire services are attending.

Social Charges - The issue of social charges is being brought to the forefront today, as President Macron tries to overturn a controversial EU regulation, which allows foreign companies to send workers here, without paying local social charges, and therefore undercutting local the labour force. The President is in Austria, Romania and Bulgaria to drum up support for his proposal to change the rule.

Drivers - As we approach the last weekend of August, drivers are reminded that very heavy traffic is expected on the regions motorways, starting from lunchtime tomorrow Friday and hitting a peak throughout the day on Saturday. Local drivers are asked to avoid the motorways if possible this weekend, and long distance drivers are reminded to take a break every two to three hours.

BUSINESS

Sterling has hit a new eight year low against the Euro, after the EU was boosted by strong economic data, while the UK still faces Brexit uncertainty. Sterling slipped to almost €1.08, the lowest it’s been since October 2009, when it came close to parity. The pound's weakness means British holidaymakers, have even less spending money to splash while in France, or elsewhere.

ECB President Mario Draghi has said ‘quantitative easing’ has been a success on both sides of the Atlantic. It was introduced as an emergency measure during the financial crisis, to pump money directly into the financial system, and keep banks lending. A decade later, the stimulus policies are still in place and Mr Draghi said they have made the world more resilient. As the economic recovery in the eurozone gathers pace, investors are watching closely, for when the ECB will ease back on its €60bn euro a month bond-buying programme.

SPORT

Football - England's all-time leading goal-scorer Wayne Rooney has announced today that he is to retire from international football, after turning down the chance to be part of the England squad in next month's World Cup qualifiers. In a statement he said, it was a real privilege to be asked but he believed now was the time to bow out.

Formula 1 - After yesterdays announcement that Kimi Raikkonen is to stay with Ferrari, Stoffel Vandoorne has confirmed he will stay with McLaren for a second season. The Belgian had a difficult start to his rookie campaign, as team-mate to double world champion Fernando Alonso, but his form has improved and team have given him a 100% vote of confidence.

Tennis - Three-time Wimbledon champion Boris Becker has been appointed Head of Men's Tennis in Germany. The 49-year-old, who won six Grand Slams between 1985 and 1996, will take up the new role immediately.

Golf - Rory McIlroy says he aims to play in five more events this year before taking an extended break to recover from his rib injury. The FedEx Cup holder intends to play in all four play-off events in the US over the next month, before competing in the Dunhill Links event in Scotland.

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