Evening Update Friday 21st of June 2024

NEWS
Left-Wing Press Conference - During the left-wing coalition press conference, the New Front Populaire has revealed the costing and financing of its program nine days before the first round, claiming it to be "credible and achievable." The Nouveau Front populaire estimates its measures will cost 200 billion euros over five years but generate 230 billion euros in returns. Over one million proxy votes have been established, exceeding the 2022 figures. Meanwhile, former Prime Minister Edouard Philippe expressed disagreement with President Macron's decision to dissolve the National Assembly, suggesting the need for a new majority. Finaly, an investigation has been launched in Saint-Etienne after RN candidate Hervé Breuil reported being assaulted during a market event.

Cancer Treatment Breakthrough in Monaco - Benoit Paulmier, vice-president of the Monegasque group of companies in the fight against cancer (Gemluc), has announced a significant breakthrough in cancer treatment. Doctors are highly optimistic about advances in immunotherapy and the analysis of tumorous DNA. This progress has been largely funded by individual donations, which have enabled the Centre Hospitalier Princesse Grace to acquire the latest technology and offer cutting-edge treatments to patients.

Shower Beaches - Showers are gradually disappearing from the beaches of Alpes-Maritimes and Var due to water conservation efforts. A 3-minute shower uses about 40 litres of water. While Nice and Marseille maintained their beach showers last year, Cannes installed eco-showers with lower water flow. With record-breaking heat expected this summer, the prefect of the PACA region has issued a state of vigilance, urging everyone to conserve water. However, showers are expected to remain on the Riviera beaches for now.

271 Kgs of Methamphetamine Confiscated -  An impressive amount of methamphetamine has been seized in Var. The Marseille prefect announced on Friday that 271 kilos of methamphetamine, valued at 6 million euros, were confiscated. This nearly matches the total amount seized throughout 2022, which was 273 kilos.

A Biker has Died on the A8 Motorway - A 48-year-old biker has died last night on the A8 motorway near the Nice-Saint-Isidore exit. No other vehicles were involved in the accident. When 11 firefighters arrived, they found the man in cardiac arrest and were unable to revive him despite their efforts.

Reward for Information on Stolen Watches - A reward will be offered to anyone that can help find the stolen watches from the Monaco Watch Company. Eighty-three luxury watches were stolen on the 29th of May for an estimated loss of 4 million euros on the boulevard des Moulins in Monaco. The owners have announced they would offer a reward for any information that would directly lead to the culprit’s arrest, or the recovery of watches.

 

BUSINESS
Nvidia has lost its position as the world's most valuable company to Microsoft after its share price fell by over 3.5% on Thursday lowering its value to around $3.22 trillion. This allowed Microsoft to reclaim the title with a steady valuation above $3.3 trillion. Nvidia's rise was driven by its dominance in AI chip technology, essential for AI development. Along with Apple, these $3 trillion companies are competing fiercely to be the world's most valuable company. Analysts predict this competition will remain intense, with a race to a $4 trillion market cap expected in the tech sector.

The Italian government has fined DR Automobiles $6.4 million for falsely marketing Chinese-made cars as Italian. The company, which assembles cars using Chinese components, plans to appeal, stating it never claimed full Italian production. The regulator noted that only minor assembly occurred in Italy. This fine is part of a broader crackdown on non-EU cars. Recently, Italian authorities seized Morocco-made Fiat cars with Italian flags, and Alfa Romeo renamed a Polish-made model after pressure. The EU is also considering higher tariffs on Chinese electric vehicles, which China criticized as protectionist.

 

SPORTS
Olympics – Florent Manaudou's victory in the 50-metre freestyle at the French Swimming Championships in Chartres on Thursday earned him a ticket to the Olympic Games in Paris. His team-mate Maxime Grousset has also qualified.

Formula 1 - Former Renault Formula 1 team boss Flavio Briatore has been appointed executive adviser to the Alpine team. The move marks the return of the 74-year-old to the team from which he was forced to resign in 2009 in the wake of the controversy over the fixing of the 2008 Singapore Grand Prix.

Rugby Union - Kurtley Beale has been included in Australia's squad after being found not guilty of sexual assault. The 35-year-old will play for the first time in three years for summer Tests against Wales and Georgia. last played for the Wallabies in a 29-28 defeat by Wales in Cardiff during the 2021 Autumn Nations Cup.

Tennis - Jack Draper says winning his first ATP title set him "free" of negativity and led to his stunning victory over Wimbledon champion Carlos Alcaraz at Queen's. New British men's number one Draper, 22, earned a 7-6 (7-3) 6-3 victory over defending champion Alcaraz in the second round.

 

WEATHER
The sky is clearing in the region while risks of thunderstorms persist inland. Highs of 24 degrees in Marseille, 25 in Nice and Toulon, 27 in Cannes and 29 degrees in Saint-Tropez.
Tonight, clear skies with moderate winds and lows of 23 degrees.
Outlook for this weekend:
Saturday: Cloudy with highs of 24 degrees
Sunday: light rain with highs of 22 degrees
Monday: cloudy with risks of thunderstorms inland and highs of 24 degrees.

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