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Evening Update Monday 12 June 2017

Migrants - Large numbers of migrants are walking 60km from Briel-sur-Roya to Nice after being refused access to the train this morning. The group is being led by local activist Cedric Herrou, who is organising the symbolic march, so they can register as asylum seekers in Nice. The group are expected to overnight in Sospel, where the town hall said they will provide shelter and water, but cannot provide proper accommodations, as they weren’t informed in advance.

Football - French football fans are being asked to sing God Save the Queen at the opening of tomorrow England v France friendly in Paris. The gesture is to honour those killed in the recent London and Manchester terror attacks. The match will be attended by British Prime Minister Theresa May who is in Paris tomorrow on business ahead of the start of Brexit negotiations next week. She will be accompanied by French President, Emmanuel Macron.

Water Safety - Students on Larvotto Beach in Monaco enjoyed a visit from Princess Charlene this morning. The course they were on, teaches the students water safety and drowning prevention, a cause the princess is known for internationally. Several initiatives like this, from the Princess Charlene Foundation, have saved hundreds of lives around the world.

BUSINESS

Credit ratings agency, Moody's has commented on the UK general election results, saying they could be negative for the economy. The inconclusive outcome could mean the government places less of a priority on cutting the budget deficit, which in turn would be negative for the UK's credit rating, and make it more expensive for the country to borrow money.  After the comments, the pound, which had stabilised in early trade, resumed its downward slide dropping six percentage points against the dollar and seven percentage points against the euro. On the stock market, the FTSE 100 index was down slightly at 7522.25

General Electric’s long-time chief executive and chairman Jeff Immelt is retiring. The 61-year old  has been credited with guiding the conglomerate through the financial crisis of 2008 and turbulent markets in the years that followed.

SPORT

Football - Everton are reported to be in talks with Malaga striker Sandro Ramirez. The 21 year-old striker has had a superb season with Malaga, scoring 14 goals in La Liga but has a £5.2m buy-out clause after last summer's move from Barcelona. Ramirez had been linked with Atletico Madrid but their transfer ban has opened the door for Everton.

Formula 1 - Lewis Hamilton has admitted his victory in the Canadian Grand Prix was crucial to his championship hopes for this year. Hamilton dominated the race as dramatic action behind allowed him to cut Sebastian Vettel's title lead to 12 points.

Tennis - Rafael Nadal has described his joy at winning a record 10th French Open after beating Stan Wawrinka in the final yesterday 6-2 6-3 6-1. Nadal, who won without dropping a set during the entire tournament, said that when he first won in 2005, he thought by 2017 he'd be fishing on his boat in Majorca!

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