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Evening Update 25 Aug 2017

Tax - It’s been confirmed that Emmanuel Macon’s plan to abolish the tax d’habitation, for 80% of French people, is to go ahead. The Minister of Public Accounts said today it will be phased out by 2020. In an example, he said some who pays €600 in the tax, will pay no more than 400 in 2018, 200 in 2019 and nothing in 2020.

Fire - 15 people were evacuated from a building in Nice Nord last night, when a studio apartment on the sixth floor caught fire around 11pm. The 49 year-old resident of the apartment, was taken to Pasteur Hospital for examinations, while emergency services extinguished the fire.

Bucharest - A statue of Monaco’s Prince Rainier III is to be erected in Bucharest. The monument consists of a statue of the Prince, and seven bronze life-size circus acts. This reflects the Prince’s enthusiasm for the circus, and his role as creator of the Monte-Carlo International Circus Festival, at which the Bucharest Globus Circus performed many times. The statue, costing €2m will be erected in the next three weeks in the city park.

Aznavour - Iconic French singer and actor, Charles Aznavour, was honoured with a star on the Hollywood Walk of Fame yesterday. Often referred to as the ‘French Frank Sinatra’, across eight decades he has recorded 1,400 songs and produced over 390 albums. Aged 93, he continues to write and perform to this day.

BUSINESS

France's wine production is expected to plummet 18 percent this year, after spring frost damaged vines across the country. This is the fifth year in a row wine production is down, with last year being one of the worst in 30 years. However, the hot summer is expected to yield a top vintage, so quality will trump quality.

July has seen another small increase in unemployment across the region,n and there are fears the jobless number could soon pass 500,000 across the Alpes-Maritimes. Young men under 25 are the hardest hit, especially in the Var.

US markets opened higher this morning, as investors waited to hear speeches by the heads of the US and European Central Banks. Wall Street is watching for hints on how banks might proceed, as officials consider raising interest rates and winding down stimulus programmes. The share price increases occurred across industries, led by financial and industrial stocks.

SPORT

Football - The draw for the next stage of the Europa League has seen OGC Nice pulled out against Lazio and the UK’s Arsenal, have been pulled to play against Lyon.

OGC Nice’s newest signing, Wesley Sneijder, has been summoned to play for his national side, the Netherlands, in the upcoming World Cup Quaifiers against France and Bulgaria.

Barcelona are close to making Borussia Dortmund's Ous.mane Dem.belé the second most expensive player in history in a deal worth up to 150m euros. Dortmund rejected a bid from Barca for the France forward, earlier in August, with the player then suspended for missing training. Dembele's fee will place him second behind the 222m euros Paris St-German paid Barca for Neymar in August.

Formula 1 - Lewis Hamilton started his Belgian Grand Prix weekend in perfect fashion as he set the pace in the second practice session. Hamilton was 0.262 seconds quicker than Ferrari's Kimi Raikkonen in second, with Mercedes' Valtteri Bottas third. Hamilton's title rival Sebastian Vettel - 14 points ahead in the title race - was fifth quickest, 0.482secs down.

Tennis - British number two Kyle Edmund beat Steve Johnson to reach the semi-finals of the Winston-Salem Open in North Carolina. Edmund came from a set down to win
5-7 6-3 6-3.

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