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Evening Update Wed 02 Aug 2017

Yachts - Concern about the future of the yachting industry on the Cote d’Azur has been raised in a letter from the Mayor of Nice, Christian Estrosi, to President Macron. He, along with other political leaders in the PACA region, say marina’s along the coast, are losing business to other countries through lighter regulation and better tax breaks on fuel. By moving to another marina in Italy or Spain, a 42 metre yacht can save €21,000 a week on fuel, and up to €300,000 a year on social charges, for a crew of seven. So far this year, moorings at St Tropez are down 30% and in Toulon, down 40%.

Heatwave - The Alpes-Maritimes, and the Var, are under Meteó France’s second highest heatwave alert level of orange, until at least 9pm on Thursday, as temperatures approaching 40d are expected. Authorities advise people drink water, avoid alcohol and limit sporting activities. If you have no air-conditioning, visit a local shopping centre or cinema to cool down for a few hours. Also, if you have neighbours who are elderly, or have young children, pay a quick visit to make sure they are OK.

Monaco - Two thieves who stole a handbag worth €20,000 in Monaco, have been sent to jail. The incident occurred at the Sass Cafe, where two Slovak nationals had been refused entry. The two men had been suspected of the theft, but had disappeared, and it was only when they returned to the scene of the crime the following day, that they were recognised and arrested. The Criminal Court in Monaco handed down a four month prison sentence to each man.

BUSINESS

For the first time ever, the Dow Jones Industrial Average surged passed 22,000 points this morning, as trader reacted to earnings from technology giant Apple. The firm reported strong quarterly profits, with newer lines such as Apple Pay, the App Store and Apple Music helping to drive growth in its third quarter. Sales for Apple hardware, including iPhones and iPads, remained robust. Apple profits for the period rose 12% to $8.7bn, while revenues grew by 7% year-on-year to $45.4bn.

A new version of Bitcoin has been mined for the first time in the crypto-currency's history. The new version, Bitcoin Cash, increases the capacity of Bitcoin's ‘blockchain’, a kind of digital ledger that records every single transaction. However, the old blockchain could only add one megabyte of data every 10 minutes, making transactions slow. The new Bitcoin Cash can have blocks as large as 8MB, which its proponents hope will help to solve the problem.

SPORT

Football - Barcelona have told Paris St-Germain they will have to pay a world record €222m euro "in full" before player Neymar can join them. Neymar arrived at training this morning and told the Spanish club he wanted to leave. He was given permission by the Barca manager not to train and to ‘sort out his future’. It’s understood PSG are ready to pay the world record fee to force the release clause. If they do, Barcelona say they will register a complaint with UEFA over a breach of Financial Fair Play rules, and if UEFA don’t act, they will go to court.

OGC Nice are away at Ajax Amsterdam tonight, for the return leg of their European Champions League third qualifying round game. The team are without star player, the Italian Balotelli, who’s out due to a thigh injury, but they will feel the support of the two thousand fans have travelled from Nice for the game. Kick-off is at 8.45.  Celtic are also in Champions League action tonight, playing away at Rosenborg.

Tennis - Britain’s Kyle Edmund continues in good form as he reached the second round of the Citi Open in Washington, but fellow Briton Heather Watson lost her opening match. British number two Edmund, who made it to the semi-finals of the Atlanta Open last week, will next play number four seed Grigor Dimitrov in round two.

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