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Morning News Thursday 25th May 2017

Local

State of Emergency - In the wake of the Manchester terror attack, France plans to extend the state of emergency which was put in place after a series of horrific attacks in the country in November 2015. President Emmanuel Macron’s office said the head of state was planning to ask parliament to extend the state of emergency until November 1st.

Arrests - Police in Draguignan have arrested a group of young people aged between 15 and 21 who mistreated and robbed a retired Belgian couple in their villa in Lorgues in the Var. The gang are also accused of carrying out several armed robberies at service stations on the A8 motorway in Vidauban and Puget-sur-Argens. The six individuals risk up to ten years in prison.

Renault - The French car manufacturer Renault has announced the takeover of more than 180 employees of Intel in Sophia Antipolis by the end of 2017. The group plans to strengthen its team in the fields of artificial intelligence. According to the press release on Wednesday, the teams will work on "vehicles of the future destined to become electric, connected and autonomous." Mayor of Nice Christian Estrosi, said this announcement was "excellent news for the region and a true reference in terms of future technologies."

Bull-fighting - An group of people from an anti-bull fighting association in France have been collecting signatures on the Croisette in Cannes during the film festival as part of a petition in protest against the choice of President of the Jury at this year’s festival, Pedro Almodovar – reportedly in their view a symbol of the sport. The petition has collected more than 25,000 signatures.  Meanwhile the Algerian millionaire Rachid Nekkaz confirmed on Wednesday, that he will go ahead with the rally "Tous en burkini at the festival of Cannes", scheduled on May 26, despite the ban by the prefecture of Alpes-Maritimes.

National

French Minister - A French minister and key ally of President Emmanuel Macron has come under suspicion of abuse of influence in the management of a health insurance company that awarded a contract to his partner.The news comes as an embarrassing accusation for a government that has promised to clean up France's scandal-hit political life. Just a week after the new government was formed, the Canard Enchaîné weekly has revealed that the partner of Richard Ferrand was awarded a highly profitable contract by a group of mutual insurance companies while Ferrand was its boss. Ferrand, a Socialist MP who defected to the Macron camp, was a high-profile campaigner during the election campaign after being appointed secretary general of the presidential En Marche! movement.

Fireman - A French fireman has became a hero as he risked a dangerous rescue from a burning building with a tiny baby nestled in his jacket. The apartment building fire, in Paris broke out just before 2am and saw 119 firemen and 39 firetrucks arrive at the scene, as well as a number of ambulances. The firefighters had to battle thick black smoke and flames that burst from the windows.

Organic Food - According to a recent survey the consumption of organic products in France is on the rise. In a country famous for its food and eating habits, the consumption of organic products in 2016 was up by nearly 22 percent on the previous year, bringing in €7.1 billion and the number of organic products available has gone up by 12 percent from 2015 to 2016.

Business

The former US Treasury Secretary Larry Summers has said that President Trump’s budget proposals contain what he described as “an egregious maths error”. Mr Summers has pointed out that the spending plan double-counts 2 trillion dollars. The budget forecasts around 2 trillion dollars in extra federal revenue growth over the next decade to pay for Mr Trump’s tax cuts. However,the same 2 trillion is then used to reduce the budget deficit. Mr Summers,who’s also a former chief economist of the World Bank said the error is of a magnitude that would justify failing a student in an introductory economics course. The White House budget director Mick Mulvaney told reporters that they “stood by the numbers”. US Federal Reserve officials have said that they want to see proof that the country’s economic slowdown is temporary before they raise interest rates. Minutes from the last meeting of the Federal Open Markets Committee show that officials want to wait for additional evidence that a recent slowdown in the pace of economic activity is transitory. Markets are expecting the Fed to raise interest rates at its June policy meeting. The dollar dipped on the news  and fell by 0.2 percent against a basket of foreign currencies on the dollar index.

And-The price of Bitcoin has risen to a new record as digital assets move into the mainstream. On Wednesday,Bitcoin rose to more than 2,200 dollars-more than double its value of just two months ago. Analysts’ say that uncertainty surrounding the value of global currencies is driving demand for alternative currencies. The even newer currency,Ethereum has been rising even faster and has increased from less than 20 dollars in March to 170 dollars today. Policy changes in Japan and other parts of Asia have made it easier to trade virtual currencies and interest has been generating its own momentum. The technology that underwrites Bitcoin and Ethereum is also being used by developers to beef up cyber-security.

Sport

Formula 1-First practice takes place for Sunday’s Monaco Grand Prix at 10am this morning with second practice at 2pm as the battle for the drivers’ championship heats up. Ferrari’s Sebastien Vettel leads the field by 6 points coming into the race with Lewis Hamilton back in top form after winning the Spanish Grand Prix two weeks ago. Monaco is all about qualifying and the street circuit may suit Hamilton better with some tipping Red Bull to shine as well. The circuit closed to through traffic at 6am this morning and will open again at 7.30pm.There’s also action in Formula Renault,Formula 2 and the Porsche Supercup today.

Football-Manchester United have won the Europa League and have qualified for next season’s European Champions League after beating Ajax 2-0 in last night’s final in Stockholm. United’s goals came from Pogba and Mkhitaryan on an emotional night as the players’ dedicated the victory to the victims of Monday night’s terrorist attack at the Manchester Arena.

Cricket-A century from skipper Eoin Morgan guided England to victory over South Africa in the first one day international at Headingly on Wednesday. Morgan led from the front with 107 as England made 339-6 from their 50 overs before bowling the tourists out for 267 in 45 overs to win the match by 72 runs.

Rugby Union-London Irish are back in the Aviva Premiership after beating Leeds Carnegie in the English Championship play-off final. Irish won the two legged final 55-48 on aggregate to seal their return to the top flight of English Rugby.

Cycling-Pierre Rolland of France has won stage 17 of the Giro d’Italia with Tom Dumoulin of the Netherlands retaining the overall lead. Rolland was one of a group of 18 riders who broke away from the peleton 7.8 kilometers from the finish of the 219 kilometer stage. Dumoulin retains the overall lead by 31 seconds from Nairo Quintana with Vincenzo Nibali in third place.

Weather

Partially cloudy with light to moderate south easterly winds.

Top temperatures 24-25 degrees Celsius.

Overnight lows of 19 degrees on the coast and 17 degrees inland with partially cloudy skies.

Friday and the start of Monaco Grand Prix weekend-Mainly fine with highs of 23-25 degrees.

 

 

 

 

 

 

 

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