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Evening Update Weds 31st May 2017

Gunshots - A couple have been arrested after shots were fired in the centre of Nice this morning. The incident happened outside Nice Etoile when it’s believed a female in a car shot pellets from an air-gun at a passing man. Both were chased by police and are being held in custody.

Sh-Sha - The Mayor of St-Laurent-du-Var has called a complete ban on publicly smoking Sh-Sha in the town. It comes after many complaints of people sitting in groups, playing loud music and leaving a mess behind them. The towns of Vence and Carros have similar bans in place since last year.

Sir Stelios - Easyjet’s Sir Stelios has become the first resident of Monaco, to join the Giving Pledge movement founded by Bill and Melinda Gates. Members of the moment are committed to giving the majority of their wealth to philanthropy. The movement now has 168 billionaire members from 21 countries.

BUSINESS

The Irish government is to sell 25% of it’s stake in  Allied Irish Banks, eight years after it was rescued during the financial crisis. The sale could yield 3bn euros or more, which is a fraction of 64bn it cost the Irish taxpayer to bail out the banks. The floatation on the Dublin and London stock exchanges will be one of the biggest in recent years, with a prospectus and price range expected to be published in mid-June. The government will use the funds from the flotation to reduce the national debt by just over 1%. It stands at 200bn euros, among the highest in the eurozone.

Sterling has recovered after being hit by a projection suggesting the Conservatives could fail to win a majority in the general election. Previous opinion polls had suggested Theresa May's party would increase its majority of 17 seats. However the projection, published in The Times and based on YouGov research, suggests a possible hung parliament.

SPORT

At the French Open, the defending champion Garbine Muguruza was almost out of the competition today as when she was a set and a break down. The fourth seed recovered to win 6-7 6-4 6-2. Petra Kvitova's return to action did come to an end today as she lost 7-6 7-6 7-5. Kvitova, only returned to full-time practice at the start of May after being stabbed in December. It all means that right now, the women's draw is wide open, especially after world number one Angelique Kerber and British hope Johanna Konta both went out in Round One. In other games this morning, Venus Williams and France’s Jo Wilfred Tsonga have both progressed through to the next round. Defending champion Novak Djokovic is also through after a 6-1 6-4 6-3 win this afternoon.