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Evening Update Thurs 07 Dec

Hallyday - The Mayor of Nice Christian Estosi has proposed the city council rename the Palais Nikaia in honour of Johnny Hallyday, who died this week. Meanwhile, at his concert in Monaco last night, Elton John payed tribute to the singer, dedicating his performance of ‘Don’t Let the Sun Go Down on Me’ to him. Prince Albert also spoke kindly of Johnny Hallday, who was France’s equivalent of Elvis, saying that Johnny liked to come to the Principality and that he always had a lot of loyal admirers here. France will make a people’s tribute to Johnny on Saturday, with a cortege procession down the Champs Elysees in Paris, to be attended by President Macron.

Virus - Health officials are warning of an outbreak of gastro.en.teritis across France, where the PACA region has been the worst affected. The outbreak is now officially at epidemic levels, with 371 cases per 100,000 inhabitants, well above the threshold of 177. To protect yourself from the outbreak, which causes vomiting and diarrhoea, doctors recommend you wash your hands with soap for at least 10 seconds, or as a simple guage, sing a chorus of happy birthday. Should you catch the virus, you should stay home and drink lots of liquid.

Resignation - The Deputy Mayor of Nice Augustus Vérola has resigned at a stormy council meeting this morning. He has left his post, in protest at many actions by Mayor Estrosi, with whom he frequently clashed with.

Speed Limit - New speed limits are to be introduced on roads next year, with a reduction from 90km/h to 80, on single carriageway A and B roads. The move is in response to the poor levels of road safety, where almost 3,500 people lost their lives last year, that’s almost double that of Britain or Scandanavia.

BUSINESS

An IMF stress test on China's banks, has found 80% of them were vulnerable. Although China's big four banks have adequate capital, large, medium, and city-commercial banks, are most at risk. The IMF are asking Beijing to put less emphasis on growth, and beef up regulation, along with improving bank finances.

Bitcoin has breached the $15,000 mark, extending the digital currency's record-breaking surge even further. The new record high, comes just days before the launch of Bitcoin futures on two exchanges, including the world's largest futures exchange, CME. However, spread betting firm CMC Markets said, the rise has all the symptoms of a bubble market, warning there is no way to know, when the bubble will burst.

Zimbabwe has taken steps towards ending its economic isolation, in its first budget since the end of Robert Mugabe's 37-year rule. The budget included a package of measures aimed at wooing international investors, including new curbs on laws that require firms to be 51% locally owned. The Finance Minister also said privatisation of some state firms was being considered.

SPORT

Wembley Stadium in London, is host seven games at Euro 2020, after Brussels lost the right to host matches for the tournament. Belgium's capital city has been ruled out, as a planned new stadium is still to be built, and UEFA have not received the necessary guarantees. Wembley was already due to hold the semi-finals and final, but will now host three group games and one last sixteen tie.

Supporters of OGC Nice are in uproar today, after nearly a hundred of them were taken off a flight to Amsterdam, travelling to tonight’s game against Vitesse. The airplane was about to take off at Nice Cote d’Azur airport, when the captain turned back, due to rowdy behaviour by fans on board. The flight eventually departed for Amsterdam almost three hours late. Meanwhile, OGC Nice are literally in ‘flying form’ for the Europa League game tonight, as they have already qualified for the next stage, regardless of what happens. Kick-off for the game is at 9pm.

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