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Morning News Friday 5th May 2017

Local

High School Student - A high school student has been wounded in Marseille after a fight broke out in front of the establishment. The incident happened on Thursday morning when right wing activist who were distributing leaflets clashed with other students. The student was taken to a nearby hospital.

Explosive - An explosive device dating back to the Second World War has been found in the bay in front of the Promenade des Anglais in Nice. The Maritime Prefecture confirmed on Thursday that the device measuring 1.10 meters and weighing 250 kilos was discovered twelve meters deep and was thought to contain 130 kilos of explosives.

Gas Service - Due to road works being carried out on the Avenue des Broussailles in Cannes, 494 households have found themselves without gas. As a safety measure the distribution of gas was suspended on Thursday afternoon at 3pm. The supply will reportedly re-connected   by late afternoon today.

Gare du Sud - The project for the new Gare du Sud in Nice has been unveiled. The plan which will include restaurants and bars was presented to the investors- the French-Belgian group Banimmo who are expected to approve it at the next city council meeting

En Marche - Emmanuel Macron has declared in an interview with Nice-Matin that “he will fight until the end”. The “En Marche!” candidate said that with less than three days before France votes in the second round against Marine Le Pen, "nothing is settled".

Riviera Water Bike Challenge - In a world premier sporting event, Monaco will host the Riviera Water Bike Challenge (RWBC) on Sunday, June 4, 2017, in support of the Princess Charlene of Monaco. Leaving the port of Nice and heading east to arrive at the prestigious Monaco Yacht Club, 40 participants will make up 10 international teams pedalling Schiller S1 water bikes in a 21-kilometre relay race. For more info check out their Facebook page https://www.facebook.com/RivieraWaterBikeChallenge/

National

Complaint - French prosecutors have opened an investigation after Marine Le Pen’s suggestion during Wednesday night’s live TV debate that Emmanuel Macron had a hidden offshore bank account in the Bahamas. Macron's team announced that the candidate had lodged an official complaint over "the spreading of false information" to try to influence the result of an election.

Moliere clause - The French government has rejected a regulation that forces foreign labourers in France to speak French.The so-called Moliere clause, which stated labourers working on state-funded building projects in France had to communicate in French, had been adopted in six of France's 13 regions, but was quickly slammed as xenophobic by critics. The government ruled that the clause "cannot validly claim that it is there to protect workers, given the guarantees that are provided by European and national law".  Meanwhile France’s top court of appeals ruled on Thursday that a person of indeterminate sex could not use “neutral gender” as a civil status category. In a landmark ruling, the court noted that “the duality” of gender as a civil status was “necessary for social and legal organisation”.

Business

Oil prices have tumbled to a 5 month low as concerns re-surface about a global supply glut. Brent crude fell by more than 2 dollars a barrel in Asian trade earlier this morning to 48 dollars 38 cents with West Texas Intermediate down by nearly 5 percent to 45 dollars 48. Analysts’ say that investors are worried that Opec and other oil producing nations would fail to ease supply fears at a meeting later this month. Higher than expected production in the US is also raising concerns about global oversupply. The billionaire investor Warren Buffett has said that his Berkshire Hathaway firm has sold around a third of its stock in IBM. The move has surprised investors and is yet to prove successful. IBM shares touched 182  dollars in February but closed at 159 dollars and 5 cents on the New York Stock Exchange on Thursday. Mr Buffett owned around 81 million shares in IBM at the end of 2016 and sold around a third of them in the first and second quarters of this year. In an interview with CNBC,Mr Buffett said that “he did not value IBM the same way as when he started investing in the firm 6 years ago”.Berkshire Hathaway still owns around 50 million IBM shares and Mr Buffett says that he has “stopped selling”. In April,IBM reported a bigger-than-expected fall in revenue for the first time in 5 quarters due to weak demand for its IT services business.

And-US sales at the German sportswear firm Adidas rose by 31 percent in the first quarter-vastly outstripping those of its American rival Nike. Adidas says that the growth spurt was spurred by a large marketing push in North America. The company’s shares hit a record high on the news,closing up nearly 1 percent on the Frankfurt stock market. Sales in China also rose by 31 percent with global sales up 16 percent.Net profits for the three months to March rose by 30 percent to 455 million euros.

Sport

Football-Manchester United have beaten Celta Vigo 1-0 in the away leg of their Europa League semi-final tie with Marcus Rashford scoring the vital goal with a wicked free kick on 67 minutes. The victory gives United what could be a crucial away goal heading into the second leg at Old Trafford next Thursday. In the English Premier League this weekend.Spurs can close the gap on leaders Chelsea to just 1 point if they  win at West Ham United tonight. Tomorrow Manchester City play Crystal Palace.Bournemouth host Stoke.Burnley play West Brom.Hull face Sunderland.Leicester play Watford and Swansea play Everton. On Sunday Liverpool play Southampton and Arsenal host Manchester United. Chelsea play Middlebrough on Monday.

Cricket-The English summer of international cricket gets underway at Bristol today with the 1st one day international against Ireland. England have named a strong side but are without several key players who are contracted to the Indian Premier League. Ireland will be keen to take an important scalp and will provide tough opposition. Play starts at 11.30 French time this morning.

Formula 1-Mario Andretti has said that Fernando Alonso has a “real chance” of winning the Indy 500 on his debut. Alonso won’t race in Monaco to allow him to take part in the Indy 500.He’s already had his first taste of the track and Andretti says his chances of winning are “real”. Andretti won the Formula 1 championship in 1978 and runs the team that Alonso will drive for.

Cycling-The Giro d’Italia gets underway in Sardinia today. The 100th edition of the race is one of cycling’s three big tours along with the Tour de France and Vuelta a Espana. This year’s race is made up from 21 stages and finishes in Milan on Sunday the 28th of May.

Weather

Clear skies with light to moderate easterly winds.

Top temperature 21 degrees Celsius.

Overnight lows of 14 degrees on the coast and 11 degrees inland with partially cloudy skies.

The weekend-Rain tomorrow,fine on Sunday.Highs of 17-21 degrees.

Finally

Costing a combined total of £600million, a Russian oligarch's two superyachts took to the waves for the first time together on Thursday. 

'Sailing Yacht A', worth £360million, and the £240million masterpiece 'Motor Yacht A', are both owned by billionaire Andrey Melnichenko.

They were spotted on Thursday in the principality of Monaco, on the French Riviera.