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Evening Update Tues 20 June 2017

Protest - Hundreds of people have protested on Nice’s Place Garibaldi this morning, against Emmanuel Macron’s planned pro-business reforms, which they describe as a massive social destruction plan. They say further protests, backed by the unions, are planned for the coming weeks, to protect workers rights contained in the Code de Travail.

Weather - The Alpes-Maritimes is one of the cooler, more pleasant, places to be today. Meteó France have 66 of the country’s 96 departments under heatwave alert, as temperatures are predicted to rise to nearly 40C. The capital Paris has triggered its emergency heatwave action plan, which protects groups most vulnerable in the hot weather, such as the elderly or disabled people in addition to people who work outdoors. Météo France say that this month could be one of the top three hottest June’s on record.

Tourism - New figures from the Tourism Development Agency, show that outside of Paris, Nice is the No.1 most visited French city with foreign visitors. Last year 59% of hotel rooms in the city were booked by foreign tourists. Earlier this year, other figures revealed that Nice is on track for one of its best tourism years yet.

BUSINESS

The Governor of the Bank of England has said the time is not right for an interest rate rise, as wage growth is falling, and the impact of Brexit on the economy is unclear. The pound fell sharply his comments. 

German Chancellor Angela Merkel has said she could consider backing a Eurozone Finance Minister and common budget if the circumstances were right. President Emmanuel Macron has argued strongly for both, in order to reform the eurozone. However, Germany is wary of any common budget that could be used to prop up indebted governments, as many Germans resent the billions of euros spent on bailing out Greece.

A decision is to be made before June 29th, on 21st Century Fox's proposed $15bn takeover of Sky television. The UK regulator Ofcom is to decide if the deal is in the public interest, especially in the areas of media plurality and commitment to broadcasting standards. European Commission competition authorities have already approved the deal.

SPORT

Tennis - Andy Murray will shortly begin his attempt to win his sixth Queen's Club Championship title when he faces Australian Jordan Thompson this afternoon. Murray described Queens as a tough, tough field but if you can get through this tournament, then it gives you a big boost going into Wimbledon. It’s a boost neither Stan Wawrinka, nor last year's runner-up Milos Raonic will feel, as they were both beaten in their games this afternoon.

Football - Manchester United boss José Mourinho has been accused of tax fraud by Spanish prosecutors, investigating his time at Real Madrid. He is accused of defrauding Spain of €3.3m in taxes, on undeclared income from the use of his image rights, between 2011 and 2012. The same accusation was made against Cristiano Ronaldo, who shares the same agent as MourinhoAS Monaco are encouraging supporters to sign up for season tickets with reduced rates of up to 25%, while super fans, who attended all last years games can get a further 19% discount. All AS Monaco subscribers this season, will also get priority for tickets for Champions League matches, with preferential rates.

Formula 1 - The Chinese and Singapore Grand Prix’ are in doubt for next year, after being listed as ‘provisional’ on the first release of the official calendar. The 21 race schedule, featuring a French Grand Prix, for the first time in a decade, at Le Castellet, also see Germany returning at Hockenheim for the final year of its current deal. The course had dropped off the schedule this year because of financial problems at the Nurburgring.

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