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Morning News Tuesday 16th May 2017

Local

Prime Minister - France’s new President Emmanuel Macron has named centre-right politician Edouard Philippe as Prime Minister. Phillippe, described as brilliant and confident will head an interim government until the June general election. 46 year old Philippe worked with Alain Juppé and was elected an MP in 2002 and mayor of Le Havre in 2010. He is reportedly a fan of Winston Churchill, Bruce Springsteen and M&Ms. Chrisitan Estrosi who was re-elected Mayor of Nice on Monday  released a statement saying that “both the right and centre political parties must take the right measures to work with the current political transformation which is taking place.”

Missing Person - Father of two Christophe Ghio who was reported missing on the 13th April has been found dead in la Vésubie. Police believe the 39 year old fell 300 metres from a cliff. The investigation into his death continues.

A8 Motorway - A vehicle has caught fire on the A8 motorway. The motorway was closed on Monday night at junction 50 due to a burning vehicle eastbound at the exit of Nice Ouest. Fire fighters managed to extinguish the blaze no injuries were reported.

Handicap international - Daniel Milhalcea has completed his rollerblade tour of Corsica. Daniel from Nice completed the 701km tour to raise money for Handicap International. It took the athlete nine days to complete and is not the first time, he had previously rollerbladed from Berlin to Nice.

National

Emmanuel Macron - French President Emmanuel Macron and German Chancellor Angela Merkel have pledged to work closely together to draw up a "road map" of reforms for the European Union, saying that they're both prepared even to implement treaty changes, if needed. The two met in Berlin on Monday in what was Macron's first full day in office and his first international trip as France’s president. Merkel called Macron's visit an honour and a sign of the deep friendship between the two European powerhouses.

Conman - A Russian conman has been jailed for two years for selling more than 400 fake bottles of one of the world's most prestigious wines, the Burgundy grand cru Romanée-Conti. A court in Dijon sentenced Aleksandr Iugov to two years in prison with two years suspended for planning the fine wine scam. It also fined him 150,000 euros and ordered him to pay 300,000 euros in damages with interest to the world-famous estate.

Business

Reuters reports that Asian shares briefly touched 2 year highs this morning on the back of an overnight rise on Wall Street. Oil prices have continued to rally after Russia and Saudi Arabia said that they would continue to cut output into 2018 but the report says that investors are growing wary of the broader market as valuations look stretched and with the latest rally taking place amid thin volumes and led by just a few sectors. Reuters says that Brent crude has gained nearly 9 percent over the past week although some analysts are sceptical about the durability of the rally despite the proposed supply cuts. US crude production is still running at its fastest pace since August 2015 and data published on Monday confirmed that Chinese growth momentum continues to moderate.

Toshiba has missed a deadline to file its annual results and has warned that it’s likely to report a loss of 950 billion yen or 8.4 billion dollars. The Tokyo Stock Exchange had given the company until May the 15th to report but Toshiba says that its auditors are still examining the figures. The estimated loss for the year ending in March is slightly less than the firm had initially predicted.Last month,Toshiba admitted that its future might be in doubt. Several members of the company’s senior management resigned last year including the chief executive,following the discovery of an accounting scandal in 2015. Problems mounted again at the start of this year after it became clear that Toshiba’s US nuclear unit,Westinghouse was in financial trouble.

And-The US investment bank JP Morgan has bought a new office building in Dublin that can accommodate up to 1,000 staff. The new office may provide space for hundreds of the bank’s workers who are set to be relocated from London following the Brexit decision. JP Morgan currently employs 500 staff in Dublin and says that the new building gives it the flexibility to grow within the European Union. Ireland’s Financial Services Minister said that the bank’s decision was a vote of confidence in Dublin’s status as a major financial centre.

Sport

Football-The English Premier League champions Chelsea have celebrated their success with a 4-3 victory over Watford at Stamford Bridge. John Terry,who will leave the club at the end of the season scored the opening goal in a seven goal thriller that saw the vistors draw level in the second half before Fabragas scored the winner on 88 minutes. There are two games tonight.Arsenal host relegated Sunderland and Manchester City play West Brom.

Tennis-Roger Federer is to miss the French Open again this year as well as the rest of the clay court season. The 35 year old,who is currently 5th in the world rankings says that he’s made the decision in an attempt to continue playing on the ATP Tour for “many years to come”.He said that his coaching and fitness team had concluded that playing on clay was not in the best interest of his tennis and physical preparation for the remainder of the season. Maria Sharapova has secured a place in Wimbledon qualifying after winning her first round match at the Italian Open. The 30 year old Russian beat Christina McHale 6-4 6-2 to ensure that she will move inside the top 200 and earn a qualifying place for Wimbledon next month.

Cycling-Geraint Thomas is fit for today’s time trial at the Giro d’Italia following his heavy crash on Sunday. Thomas was caught up in a pile-up involving a police motorbike which severely damaged his chances of winning the race.He had a scan on a sore left shoulder on Monday but has been given the all clear to ride today. He’s slipped from 2nd to 17th in the overall classification and is now 5 minutes 14 seconds behind race leader Nairo Quintana

Weather

Clear skies with light variable winds. Top temperature 25 degrees Celsius.

Overnight lows of 18 degrees on the coast and 14 degrees inland with clear skies.

Wednesday and Thursday-Clear skies tomorrow with a high of 26 degrees.Partially cloudy on Thursday with a high of 24.

Finally

It has long been associated with romance, but new research may pour cold water on the idea that the colour red can inflame passion.

A number of studies have in the past claimed a link between between shades of red and how desirable you appear to the opposite sex.

But having replicated these studies, researchers found there was no correlation between wearing red and attractiveness. 

 

 

 

 

 

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